Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.
Wells Fargo Commercial Banking delivers a comprehensive suite of products and industry expertise to serve the diverse financial needs of companies with annual sales typically ranging from $5 million to $2 billion. As a leader in serving commercial customers, Wells Fargo offers financial services including credit and treasury management solutions as well as specialized expertise across industries including Technology, Food, Beverage & Agribusiness, Investor Real Estate and Government.
The Wholesale Loan Administrator 2 will support syndicated lending activities by managing and coordinating the closing activities of new and amended Credit Facilities. Interaction will include many different originating business units within Wells Fargo, external legal council, the borrower and the many investors in the deal. Customers represent Fortune 500 with credit lines ranging from $50million to $10 billion.
Primary Responsibilities: Review and interpret credit agreements and other legal documents, provide feedback to the deal teams on the optimal operational structure. Adhere to Wells Fargo-approved and industry standards, and make certain the Loan documents conform. Assemble all additional legal documentation and book new business onto our system of record (LoanIQ). Coordinate the closing/funding process with both the borrower and investors expectation. Demands on-the-spot response to questions regarding the closing and adherence to very tight deadlines.
As the middleman between the borrower and investor, this person must make decisions on exceptions while providing accurate information, as well as competent and timely service, which not only impacts Wells Fargo's reputation, but also can expose the bank to significant exposure and loss. This position will typically be interacting internally with middle and senior management and external interaction with CFO/Treasurer level of borrower.
Process all funding & wire transfer transactions, book/clear GL items, and final reconciliation of all funds movement. Answer all inquiries of the syndicate group specific to the transactions under the agreement. Provide all investors with explicit instructions to successfully carry out the request of the borrower by ensuring that all investors have received notifications on a timely basis. Update support/administrative systems with transaction specific information, review transaction outputs for accuracy and completeness. Ensure upfront and service fees are processed in a timely manner.
Position can be located at 1525 West W.T. Harris Blvd, Charlotte, NC or 600 S. 4th Street, Minneapolis, MN
The successful candidate must be available to work Monday through Friday; 8:30 am to 5:30 pm. Hours may change due to business needs.
Telecommute is NOT an option for this role.
Job posting may be removed earlier than the stated closing date due to volume of applicants.
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.
3+ years of commercial loan closing experience, commercial loan administration experience, or a combination of both
Commercial loan documentation, preparation, or review experience
Intermediate Microsoft Office (Word, Excel, and Outlook) skills
Ability to navigate multiple computer systems, applications, and utilize search tools to find information
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
Effective organizational, multi tasking, and prioritizing skills
Ability to work in a fast-paced deadline driven environment
Ability to work effectively in a team environment and across all organizational levels; where flexibility, collaboration, and adaptability are important
A BS/BA degree or higher
Accounting or finance experience
Ability to negotiate, influence, and collaborate to build successful relationships
Ability to research and resolve complex customer issues
Knowledge and understanding of banking or finance; in commercial/corporate lending and underwriting
Loan operations experience
Ability to provide strong customer service while listening, eliciting information efficiently, comprehending, and resolving complex customer issues
Other Desired Qualifications
Proficient knowledge of the Loan IQ application and other Agency Services applications
Knowledge of foreign currency products
Ability to travel up to 5% of the time
NC-Charlotte: 1525 W Wt Harris Blvd - Charlotte, NC MN-Minneapolis: 600 S 4th St - Minneapolis, MN
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Internal Number: 5556714-2
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo