Loan Servicing Specialist 5

Wells Fargo Capital Finance (WFCF), a division of Wells Fargo Commercial Capital is one of the top lead arrangers of asset-based loans in the U.S. with a large and diversified portfolio of close to 3300 customers and more than $34 billion in loans outstanding. WFCF offers traditional asset-based financing, specialized senior secured financing, accounts receivable financing, purchase order financing, and supply chain financing to a wide range of companies throughout the United States, Canada and the United Kingdom.

Responsible for ordering, reviewing, renewing and maintaining loan disbursements and payoffs. Functions include: reviewing loan documentation terms and conditions; monitoring loan draw requests; coordinating loan disbursements, payoffs and demands; reviewing completed disbursement audits; reviewing loan reconciliations; reviewing reports from lower level specialists; ensuring all procedures are in compliance with government regulations and company policies. Within the commercial business is responsible for cash management transactions, intake activities and collateral management. OR Provides work direction to a team of Loan Servicing Specialists, ensuring unit s work is completed on time and accurately by planning, coordinating and monitoring daily activities. Acts as an escalation point for specialists to resolve issues and provide training.: 2+ years’ experience in asset based lending, customer service, loan administration, collections, or sales environment.

Primary daily responsibilities include the following:

• Participation Settlements – True-up with participating lenders on outstanding pro-rata share of loan balances
• Manual Cash Posting – Manually post any un-posted cash items to the corresponding Lucas loan based upon the information provided on the incoming cash notice
• Libor Borrowing Notifications – Create Libor Tranches based upon the applicable rates within the Lucas system
• Reconcile interest/fees for Sold and Bought Participations
• Work directly with clients and front office as needed.

Team members 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 and if 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.

Required Qualifications

• 2+ years of experience in one or a combination of the following: customer service, loan administration, collections, or sales environment

Desired Qualifications

• A BS/BA degree or higher in accounting, finance, or economics
• Accounting or finance experience
• Knowledge and understanding of asset based lending or commercial lending
• Ability to navigate multiple computer systems, applications, and utilize search tools to find information
• Excellent verbal, written, and interpersonal communication skills
• Intermediate Microsoft Office skills
• Strong analytical skills with high attention to detail and accuracy

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.