Senior Commercial Loan Closing Specialist - Capital Finance DACA Team
Senior Commercial Loan Closing Specialist - Capital Finance DACA Team
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Job Description
At Wells Fargo we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity equity and inclusion in a workplace where everyone feels valued and inspired.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
About this role:
Wells Fargo is seeking a Senior Commercial Loan Closing Specialist in Commercial Capital Operations as a part of our Commercial Banking Operations Division. Learn more about our career areas and lines of business at wellsfargojobs.
The WFCF Deposit Account Control Agreement (DACA) Specialist is responsible for DACA processes which includes working with bank and credit relationship managers internal counsel external counsel clients RCBOs second lien lenders and Capital Finance treasury officers to complete the drafting amending negotiating reviewing and terminating DACAs updating system of records and ensuring systematic controls are in place
In this role you will:
- Review implementation submissions for restrictions to be entered into HOGAN
- Review treasury management account structures for accuracy
- Maintain strong working relationships with business partners
- Assist with periodic audits of DACA files SharePoint worksite and OneView
- Lead a variety of preclose activities for moderately complex to complex commercial loans including coordinating all aspects of loan closings
- Accurately evaluate and upload data into the systems of record to ensure compliance with all bank policies procedures and regulatory requirements
- Document and coordinate legal activities for loan documentation that may also include documentation purchased from third party sources with internal staff and the Corporate Legal group
- 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 develop strategies to mitigate documentation risk and identify procedural modifications
- Serve as an escalation point in the resolution of client issues
- Conduct quality reviews and monitor key performance metrics as related to efficiencies and effective processes
- Identify activities of the team to ensure conformity with established procedures
- 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:
- 4 years of Commercial Loan Closing experience or equivalent demonstrated through one or a combination of the following: work experience training military experience education
Desired Qualifications:
- Degree in Finance Business Economics or Law preferred
- Paralegal and/or finance experience
- Knowledge of Deposit Account Control Agreements (DACAs) and cash management systems
- Working knowledge of HOGAN Precise and WICE requests
- Treasury management product knowledge
- Experience in treasury management
- Experience in Asset Based Lending
- Excellent verbal written and interpersonal communication skills
- Ability to work effectively as well as independently in a team environment
- Effective organizational multitasking and prioritization skills
- Sound knowledge of Microsoft Office (Word Excel & Outlook)
Job Expectations:
- Candidates must be willing to work additional hours as needed
- Candidate must work a hybrid model reporting to one of the posted locations
Posting Location:
- 5000 Riverside Rd Irving Texas 75039
Additional Posting Location:
- 1525 W W T Harris Blvd Charlotte North Carolina
#Commercialbanking
Posting End Date:
18 Mar 2025*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 compliancedriven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for 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 units 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 visitDisability 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.
Wells Fargo Recruitment and Hiring Requirements:
a. ThirdParty 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 Experience:
Senior IC
Employment Type
Full-Time
