Full-Time

Senior Commercial Loan Closing Specialist

Asset Based Lending Deal Closer

Posted on 1/31/2025

Wells Fargo

Wells Fargo

10,001+ employees

Provides banking, mortgage, and investment services

Fintech
Financial Services

Mid, Senior

Charlotte, NC, USA + 1 more

More locations: Irving, TX, USA

Hybrid schedule requiring at least 3 days a week working in office.

Category
Commercial Banking
Finance & Banking

You match the following Wells Fargo's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 4+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Responsibilities
  • Lead a variety of pre-close activities for moderately complex to complex commercial loans, including coordinating all aspects of loan closings.
  • Review and negotiate complex legal documentation, evaluate risks, develop strategies to mitigate documentation risk and identify procedural modifications.
  • Facilitate the closing and funding of new loan transactions including participations and loan restructures.
  • Serve as a liaison to business divisions, underwriters, prospective clients, insurance brokers, attorneys, banks, letter of credit contacts and cash management contacts.
  • Organize legal documents, internal documents and post-closing items.
  • Coordinate funding logistics for new financings, participations and complex restructures.
  • Review cash management arrangements; modify cash management structures, including preparation and negotiation of cash management agreements and set-up of accounts.
  • Collect, review and negotiate acceptable insurance certificates and endorsements.
  • Facilitate the issuance of letters of credit.
Desired Qualifications
  • Asset Based Lending experience
  • Degree in Finance, Business, Economics or Law preferred
  • Paralegal and/or finance experience
  • Excellent verbal, written, and interpersonal communication skills
  • Knowledge of Deposit Account Control Agreements (DACAs) and cash management systems
  • Proficient in reading and understanding complex loan documentation
  • Commercial Insurance knowledge
  • Ability to work effectively, as well as independently, in a team environment
  • Ability to work in a fast-paced deadline driven environment
  • Effective organizational, multi-tasking, and prioritization skills
  • Sound knowledge of Microsoft Office (Word, Excel, & Outlook)

Wells Fargo provides a variety of financial services, including banking, mortgages, investing, and credit solutions for personal, small business, and commercial clients. The company operates mainly in the United States and serves millions of customers through its branches, ATMs, and online platforms. Its products include checking and savings accounts, personal and business loans, credit cards, and investment advisory services. Revenue is generated through interest from loans, fees for banking services, and commissions from investment products. What sets Wells Fargo apart from its competitors is its extensive network and commitment to simplifying financial management for its clients.

Company Stage

IPO

Total Funding

$222.1M

Headquarters

San Francisco, California

Founded

1851

Simplify Jobs

Simplify's Take

What believers are saying

  • Investment in virtual commercial cards aligns with the trend of digital payment solutions.
  • Participation in accelerator programs drives innovation and access to new technologies.
  • The strategic review could streamline operations and focus on profitable segments.

What critics are saying

  • Increased competition in digital payment solutions from established fintech companies.
  • Potential market volatility and regulatory scrutiny in cryptocurrency investments.
  • Strategic uncertainty from selling the private-label credit card and POS financing unit.

What makes Wells Fargo unique

  • Wells Fargo offers a comprehensive range of financial services and products.
  • The company has a strong focus on digital banking and innovation.
  • Wells Fargo supports underserved small businesses through initiatives like the Open for Business Fund.

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Benefits

Health Insurance

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Parental Leave

Disability Insurance

Life Insurance

Tuition Reimbursement

Commuter Benefits

Adoption Assistance

INACTIVE