Wells Fargo Senior Commercial Loan Closing Specialist - Capital Finance DACA Team 

United States, Texas, Irving 

816188955

About this role:

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 pre-close 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, multi-tasking, 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 28262-8522

18 Mar 2025

Wells Fargo Recruitment and Hiring Requirements:

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