What are the responsibilities and job description for the Loan Workout Specialist position at Wells Fargo?
About this role:
Wells Fargo is seeking a Loan Workout Specialist in Bankruptcy as part of Wholesale Lending Operations division. Learn more about our career areas and lines of business at wellsfargojobs.com .
In this role, you will:
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Provide support to external customers in complex initiatives relating to bankruptcy filings to reduce delinquency and restructuring of loans within the Bankruptcy functional area
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Evaluate risk and analyze account information including financial statements and total relationship
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Coordinate and negotiate with trustees or attorneys in order to determine workout solutions
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Research account equity to determine full or partial charge off
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Conduct research and determine resolution for title and collateral perfection issues
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Review and research complex operational challenges that require research, evaluation, and selection of alternatives related to low to medium risk deliverables
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Monitor portfolio for policy compliance and adhere to risk rating Identify opportunities for process improvements within scope of responsibilities in Loan Workout area
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Present recommendations for resolving complex situations and exercise independent judgment while developing expertise in the functions, policies, procedures and compliance requirements
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Provide issue specific training and participate in departmental projects
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Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Required Qualifications:
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2 years of Loan Workout, Commercial Lending experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
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Collections experience
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Understanding of the bankruptcy processes and laws
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Commercial banking experience
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Knowledge and understanding of equipment finance and leasing
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Ability to interpret and comprehend complex legal documents
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Strong attention to detail, including accuracy in grammar and a sharp focus on eliminating errors
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Strong analytical skills with high attention to detail and accuracy
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Ability to manage a pipeline of work from assignment to completion
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Excellent verbal, written, and interpersonal communication skills
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Experience interacting positively with difficult or irate customers
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Experience resolving and working through escalated and complex customer issues
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Ability to organize and manage multiple priorities
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Strong organizational, multi-tasking, and prioritizing skills
Job Expectations:
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Ability to travel up to 10% of the time
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Willingness to work on-site at stated location on the job opening
Posting Location:
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801 Walnut St, Des Moines, IA 50309
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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.
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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
