Loan Workout Specialist at Wells Fargo
Des Moines, Iowa, USA -
Full Time


Start Date

Immediate

Expiry Date

04 Dec, 25

Salary

0.0

Posted On

06 Sep, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Analytical Skills, Grammar, Completion, Communication Skills, Training

Industry

Financial Services

Description

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:

  • Collections experience
  • Bankruptcy knowledge
  • Commercial banking experience
  • Knowledge and understanding of equipment finance and leasing
  • Ability to interpret and comprehend complex legal documents
  • Strong attention to detail, including accuracy in grammar and a sharp focus on eliminating errors
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to manage a pipeline of work from assignment to completion
  • Excellent verbal, written, and interpersonal communication skills
  • Experience interacting positively with difficult or irate customers
  • Experience resolving and working through escalated and complex customer issues
  • Ability to organize and manage multiple priorities
  • Strong organizational, multi-tasking, and prioritizing skill
Responsibilities

Wells Fargo is seeking a Loan Workout Specialist in Bankruptcy as part of the Commercial Banking Operation. Learn more about our 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:

  • Collections experience
  • Bankruptcy knowledge
  • Commercial banking experience
  • Knowledge and understanding of equipment finance and leasing
  • Ability to interpret and comprehend complex legal documents
  • Strong attention to detail, including accuracy in grammar and a sharp focus on eliminating errors
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to manage a pipeline of work from assignment to completion
  • Excellent verbal, written, and interpersonal communication skills
  • Experience interacting positively with difficult or irate customers
  • Experience resolving and working through escalated and complex customer issues
  • Ability to organize and manage multiple priorities
  • Strong organizational, multi-tasking, and prioritizing skills

Job Expectations:

  • This position is not eligible for Visa sponsorship
  • Candidate must be based out of posted location
  • This position offers a hybrid work schedule
  • Relocation assistance is not available for this position
  • Ability to work additional hours as needed

Primary Posting Locations:

  • Des Moines, IA
  • Chandler, AZ
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