About this role:

Wells Fargo is looking for an experienced Commercial Loan Closing Specialist to join the loans operations team. In this role, you will oversee day-to-day operations for the On-boarding team and collaborate with origination teams across various locations. Your responsibilities will include reviewing intricate deal structures, legal documents, and ancillary paperwork to ensure operational alignment within our Bilateral, Participation, and Agency lending portfolios while adhering to the bank's internal policies and guidelines.

You will also play a key role in coordinating with Lines of Business, Loans Administration, and Agency teams to address documentation matters. Your tasks will involve supervising deal constructions in Loan IQ, preparing deal overview sheets for the Loans/Agency teams, and approving finalized work from junior team members.

If you possess expertise in LoanIQ, a strong customer-focused approach, and excel at efficient multitasking to handle daily loan administration duties, we invite you to consider this opportunity. Your skills are essential in providing our valued customers with seamless loan servicing experiences.

In this role, you will:

Work with origination teams across multiple locations, reviewing complex deal structure, legal and ancillary documents for operational compatibility across our Bilateral, Participation and Agency lending portfolios, ensuring compliance with the bank’s internal policies and guidelines.

Coordinate with the Lines of Business, Loans Administration and Agency teams regarding all aspects of new and ongoing documentation issues.

Have oversight of deal builds in Loan IQ and production of deal overview sheets for Loans / Agency teams, & approval of same when completed by lower level team members.

Provide assistance to relationship manager in execution and closure of transactions.

Ensure all compliance related requirements are completed for each new transactions and clients (KYC + any other documents required internally).

Answering ad-hoc syndicate, borrower and internal queries.

Regularly update and maintain internal databases and management information systems.

Complete internal procedures as required to set up clients for specific products, ensuring all procedures comply with government regulations and company policies.

Liaise with various internal departments (esp. credit control department and back office) to ensure smooth transactions execution, booking and reporting.

Manage the timely collection and distribution of financial information and related correspondence to syndicate lenders.

Keep the Head of Loan Onboarding team abreast of on-going issues and escalation points.

Support the teams focus on continuous improvement and challenge the status quo.

Assist is the control framework completion & roll out across the London Loan Operations team

Assist/lead/represent the London Loan Ops team on any onboarding related projects, which will have an impact on the onboarding team’s processing.

Keep up-to-date with industry changes affecting loan documentation and product via the LMA/LSTA websites and attendance to relevant seminars.

Required Experience:

Extensive experience in reviewing, facilitating and managing new and revised Loan Facility documentation with a strong familiarity of products and structuring awareness.

Experience in Commercial Loan Closing, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Excellent knowledge of industry standards relating to documentation and credit practices including extensive knowledge and understanding of Loan Market Association (LMA) and Loan Syndications & Trading Association (LSTA) facility documentation.

Client focused with excellent interpersonal, communication and presentation skills.

Individual accountability and ownership.

Strong teamwork orientation. Role modeling flexibility working across product and relationship teams in both strategic and network client arena.

Experience of Loan IQ, Debt Domain and Intralinks preferable.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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, visit Disability 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. Third-Party 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.