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Wells Fargo · 1 day ago

Loan Workout Specialist

WEST DES MOINES, IA

Full-time

Hybrid

Entry, Mid Level

2+ years exp

Wells Fargo is seeking a Loan Workout Specialist to join their Legal Remedies Team in Unsecured Lending Operations. In this role, you will provide support in complex initiatives related to collection portfolios, evaluate risk, and negotiate workout solutions for loans.

BankingFinancial ServicesFinTechInsurancePayments

Responsibilities

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

Qualification

Loan Workout experienceCommercial Lending experienceLegal Document interpretationVendor ManagementAdvanced Microsoft OfficeCredit Card experienceAdobe Acrobat ProEnterprise Collections SystemAttention to detailCommunication skillsTeamwork

Required

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