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Senior Commercial Loan Closing Specialist

Company: Wells Fargo
Location: El Monte
Posted on: June 15, 2022

Job Description:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity, and inclusion in a workplace where everyone feels valued and inspired.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.About this role:Wells Fargo is seeking a Senior Commercial Loan Closing Specialist in Commercial Capital Operations as part of Commercial Banking. Learn more about the career areas and lines of business at wellsfargojobs.com .In this role, you will:

  • Lead a variety of pre-close activities for moderately complex to complex commercial loans, including coordinating all aspects of loan closings
  • Accurately evaluate and upload data into the systems of record to ensure compliance with all bank policies, procedures and regulatory requirements
  • Document and coordinate legal activities for loan documentation that may also include documentation purchased from third party sources, with internal staff and the Corporate Legal group
  • Work collaboratively with Credit, Sales and Legal regarding proper procedures and documentation requirements necessary to ensure accuracy with negotiated terms and ensure alignment with appropriate compliance standards
  • Review and negotiate complex legal documentation, evaluate risks, develop strategies to mitigate documentation risk and identify procedural modifications
  • Serve as an escalation point in the resolution of client issues
  • Conduct quality reviews and monitor key performance metrics as related to efficiencies and effective processes
  • Identify activities of the team to ensure conformity with established procedures
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
  • Interact with internal customers
  • Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
  • Facilitate the closing and funding of new loan transactions including participations and loan restructures.
  • Serve as a liaison to business divisions, underwriters, prospective clients, insurance brokers, attorneys, banks, letter of credit contacts and cash management contacts.
  • Organize legal documents, internal documents and post-closing items.
  • Coordinate funding logistics for new financings, participations and complex restructures.
  • Review cash management arrangements; modify cash management structures, including negotiation of cash management agreements and set-up of accounts.
  • Prepare, negotiate and review various cash management, credit card notifications and control agreements, and other ancillary documents.
  • Collect, review and negotiate acceptable insurance certificates and endorsements.
  • Facilitate the issuance of replacement and backstop letters of credit.Required Qualifications:
    • 4+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:
      • Degree in Finance, Business, Economics or Law preferred.
      • Paralegal and/or finance experience
      • Experience in Asset Based Lending.
      • Excellent verbal, written, and interpersonal communication skills
      • Knowledge of Deposit Account Control Agreements (DACAs) and cash management systems.
      • Proficient in reading and understanding complex loan documentation
      • Commercial Insurance knowledge
      • Ability to work effectively, as well as independently, in a team environment
      • Ability to work in a fast-paced deadline driven environment
      • Effective organizational, multi-tasking, and prioritization skills
      • Sound knowledge of Microsoft Office (Word, Excel, & Outlook) Posting Locations:
        • 301 S Tryon St, CHARLOTTE, NC 28282
        • 14241 Dallas Pkwy, Ste 1300, Dallas, TX 75254
        • 3440 E Flair Dr, El Monte, CA 91731
        • 600 S 4th St, Minneapolis, MN 55415
        • 800 Walnut St, DES MOINES, IA 50309
        • 1961 Hirst Dr, Moberly, MO, 65270 Please Note: The selected candidate must be located in one of the listed locations, this position will be expected to work on site when Wells Fargo returns to the hybrid model in April 2022. Compensation:Area 003 - 57,200.00 - 101,800.00 USD AnnualArea 002 - 63,600.00 - 113,000.00 USD AnnualArea 001 - 69,900.00 - 124,300.00 USD Annual#commercialbankingWe Value Diversity At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law. Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements. Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Keywords: Wells Fargo, El Monte , Senior Commercial Loan Closing Specialist, Other , El Monte, California

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