Loan Workout Specialist

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 Loan Workout Specialist in Recovery Litigation as part of Wholesale Lending Operations division. Learn more about our career areas and lines of business at wellsfargojobs.com.In this role, you will:Provide support to external customers in complex initiatives relating to collection portfolios data to reduce delinquency and restructuring of loans within the Recovery Litigation functional area

Evaluate risk and analyze account information including financial statements and total relationship

Coordinate and negotiate with borrower or attorneys in order to determine workout solutions

Recover charged off loans and research account equity to determine full or partial charge off

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

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

Commercial banking experience

Ability to interpret and comprehend complex legal documents

Paralegal experience

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

Knowledge and understanding of equipment finance and leasing

Job Expectations:Ability to travel up to 10% of the time

Willingness to work on-site at stated location on the job opening

Primary Posting Locations:1010 Thomas Edison Blvd SW, Cedar Rapids, IA 52404

801 Walnut St, Des Moines, IA 50309

#CommercialBankingWe Value DiversityAt 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, or status as a protected veteran.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.Company: WELLS FARGO BANKReq Number: R-196247-2Updated: Wed Aug 10 08:03:08 GMT 2022Location: Des Moines,Iowa