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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