Commercial Loan Closing Specialist

3 weeks ago

Hyderabad, India WELLS FARGO BANK Full time
About this role:

Wells Fargo is seeking a Commercial Loan Closing Specialist.

In this role, you will:
  • Work pre-close documents for moderately complex to complex commercial loans
  • Coordinate all aspects of loan closings
  • Perform customer, loan and regulatory diligence
  • Accurately evaluate and upload data into the systems of record
  • Ensure compliance with all bank policies, procedures and regulatory requirements
  • Review and prepare complex loan documents
  • Coordinate legal activities for loan documentation that may include
  • Document purchased from third party sources, with internal staff and the Corporate Legal group
  • Serve as primary liaison between Credit, Sales, and Legal departments
  • 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, devise strategies to mitigate documentation risk and identifying procedural modifications
  • Provide guidance and training to peers
  • 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
Commercial Loan Closing:

Covers jobs responsible for assembling, preparing and reviewing commercial closing documents for loans/transactions; the initial boarding and funding of deals/transactions/facilities onto accounting systems of record. This may include in depth review of collateral, legal agreements and credit approvals to ensure final executed details are captured accurately and regulatory and company requirements are met.

About this role:
  • Work pre-close documents for moderately complex to complex commercial loans
  • Coordinate all aspects of loan closings
  • Perform customer, loan and regulatory diligence
  • Accurately evaluate and upload data into the systems of record
  • Ensure compliance with all bank policies, procedures and regulatory requirements
  • Review and prepare complex loan documents
  • Coordinate legal activities for loan documentation that may include
  • Document purchased from third party sources, with internal staff and the Corporate Legal group
  • Serve as primary liaison between Credit, Sales, and Legal departments
  • 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, devise strategies to mitigate documentation risk and identifying procedural modifications
  • Provide guidance and training to peers
  • 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
Required Qualifications:
  • 5+ years of Transactions and Processing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • 2+ years of Documentation Preparation experience
Required Qualifications for Europe, Middle East & Africa only:
  • Experience in Transactions and Processing, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Leadership experience
Posting End Date:
13 Jun 2024
*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.

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