Loan Workout Specialist

at  Wells Fargo

LOCATIONS:

11601 N. Black Canyon Hwy, Phoenix, AZ 85029
2800 S Price Rd. Chandler, AZ.
Required location(s) for this position as listed in job posting. Candidate must reside within a reasonable commute to the site location. Relocation assistance is not available for this position.

APPLICANTS WITH DISABILITIES

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

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

Required Qualifications:

• 2+ years of Loan Workout, Commercial Lending experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educatio

Desired Qualifications:

• Intermediate Microsoft Office skills
• Financial analysis skills with attention to detail and accuracy
• Developed professional verbal and written communications skills
• Exposure to Wells Fargo AFS (Automated Financial Systems)
• Exposure to Wells Fargo ECaR (Enterprise Collections and Recovery) system
• Exposure to Wells Fargo BLAST (Business Lending and Sales Tracking) system
• Customer relationship management experience
• Knowledge of loan documentatio

Wells Fargo is seeking a Loan Workout Specialist in Small Business Operations. Learn more about the career areas and lines of business at wellsfargojobs.com .

In this role, you will:

• Provide support to internal and external customers in complex initiatives relating to collection portfolios data to reduce delinquency and restructuring of loans within the Loan Workout functional area
• Evaluate risk and analyze account information including financial statements and total relationship
• Coordinate initial loan renewal process and negotiate with borrower or attorneys in order to determine workout solutions
• Restructure supervised loans, recover charged off loans and research account equity to determine full or partial charge off or attend foreclosure sale
• Conduct research and determine resolution for title and collateral perfection issues
• Review and research complex operational challenges that require research, evaluation, and selection of alternatives related to low to medium risk deliverables
• Monitor portfolio for policy compliance and adhere to risk rating Identify opportunities for process improvements within scope of responsibilities in Loan Workout area
• Present recommendations for resolving complex situations and exercise independent judgment while developing expertise in the functions, policies, procedures and compliance requirements
• Coach and assist less experienced colleagues
• Provide issue specific training and participate in departmental projects
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Required Qualifications:

• 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:

• Intermediate Microsoft Office skills
• Financial analysis skills with attention to detail and accuracy
• Developed professional verbal and written communications skills
• Exposure to Wells Fargo AFS (Automated Financial Systems)
• Exposure to Wells Fargo ECaR (Enterprise Collections and Recovery) system
• Exposure to Wells Fargo BLAST (Business Lending and Sales Tracking) system
• Customer relationship management experience
• Knowledge of loan documentation

Job Expectations:

• This position is not eligible for Visa Sponsorship
• This position offers a hybrid work schedule