About this role:
Wells Fargo is seeking a Lead Commercial Loan Closing Specialist for Central Asset Based Lending Portfolio Support (CAPS). Learn more about the career areas and business divisions at wellsfargojobs.com.
In this role, you will:
- Review highly complex loan documentation
- Onboard new Capital Finance Asset Based Lending (ABL) clients on the LUCAS loan system and process loan modifications for existing ABL clients
- Process access requests in the Wells Fargo CEO portal
- Interact with cross-functional teams including our underwriting, portfolio, legal (in-house and external), collateral analysts, deal closing, letters of credit, tax reporting, operational risk, and loan servicing teams
- Assist in efforts to create, update, and/or certify team procedures, job aids, and user guides
- Participate in UAT and BCP testing events
- Become subject matter expert on all lines of business and provide guidance to other team members
- Support reduction of outstanding regulatory deliverables by executing against milestones and continue to strengthen risk and control infrastructure
- Complete monthly metrics reporting
- Identify themes and trends in metrics to improve team accuracy and identify subjects for refresher training
- Partner with upstream and downstream stakeholders to ensure requests are completed timely and accurately
- Assist with operational adjustment research and reporting, including identification of prevention measures
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- 5+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Asset Based Lending experience
- Degree in Finance, Business, Economics or Law preferred
- Paralegal and/or finance experience
- Strong understanding of LUCAS (Loan Underwriting Collateral Analysis System) and CLIC (Client Loan Information Criteria) application or similar systems
- Excellent verbal, written, and interpersonal communication skills
- Proficient in reading and understanding complex loan documentation and/or credit agreements
- 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)
- This position will work standard business hours, Monday through Friday, 8:00am - 5:00pm
- This position may be located at one of the posted locations listed below and relocation benefits are not available for this role
- Visa sponsorship is not available for this position
- 1525 W WT Harris Blvd Charlotte, NC
- 5000 Riverside Rd Irving, TX
*You should be aware that specific compliance policies may apply regarding outside activities and/or personal investing. Requirements may include pre-clearing outside activities, transferring brokerage accounts to a designated broker, trade pre-clearance, minimum holding period, monitoring of trading activity, etc. Affected employees will be expected to provide information to the Personal Account Dealing Team and abide by applicable policy requirements. If you would like additional information to help assess impact, please discuss with your hiring manager or contact the Personal Account Dealing Team at PADTeam@wellsfargo.com . Otherwise, more detailed information will be provided after you join Wells Fargo.
Posting End Date:
9 Apr 2025
Job posting may come down early due to volume of applicants.
We 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, status as a protected veteran, or any other legally protected characteristic.
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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.