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Wells Fargo Loan Workout Specialist 
United States, Iowa, West Des Moines 
683343965

18.08.2024


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:

  • 1+ year of experience interpreting and researching one or a combination of the following: loan origination, account level documents or legal documents

  • Experience using Enterprise Collections and Recovery System (ECaR)

  • Experience with Credit Card products within a Financial service industry

  • Strong attention to detail, including accuracy in grammar and a sharp focus on eliminating errors

  • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities and meeting deliverables

  • Experience with Adobe Acrobat Pro

  • Ability to work effectively, as well as independently, in a team environment

  • Excellent verbal, written, and interpersonal communication skills

  • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities and meeting deliverables

  • Vendor management experience that includes working with attorney's, agencies, debt settlement companies, judicial system

  • Ability to read, interpret and comprehend complex legal documents

Job Expectations:

  • Required to travel up to 10% of the time

  • This position is not eligible for Visa Sponsorship

  • This position offers a hybrid work schedule

Location:

  • 800 S Jordan Creek Pkwy - West Des Moines, IA

19 Aug 2024


Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.