Loan Workout Manager Jobs (NOW HIRING)

About this role:

Wells Fargo is seeking a Loan Workout Manager to join Wells Fargo Business Workout Department.

In this role, you will:

• Manage and develop team of individual contributors with low to moderate complexity and risk in Loan Workout functional area
• Engage stakeholders and internal partners associated with the functional area
• Manage units engaged in loss prevention and recovery of potential and actual loan losses
• Assist in litigation process, administering credit policy, loan restructuring or charge off activities
• Make recommendations when loan size exceeds authorized charge off limits
• Identify review of legal structure, appraised valuation and market data on assets
• Ensure adherence to policies and procedures for loan restructuring and rehabilitation
• Identify and recommend opportunities for process improvement and risk control development while overseeing assigned portfolio of classified assets
• Make decisions and resolve issues regarding resources, objectives and operations within Loan Workout functional area and team to meet business objectives
• Interpret and develop policies and procedures for functions with low to moderate complexity
• Provide training and guidance to less experienced staff
• Collaborate and influence all levels of professionals including more experienced managers
• Lead team to achieve objectives
• Manage allocation of people and financial resources for Loan Workout group
• Mentor and guide talent development of direct reports and assist in hiring talent

Required Qualifications:

• 5+ years of Loan Workout, Commercial Lending experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• 2+ years of Leadership experience

Desired Qualifications:

• Commercial relationship management experience
• Knowledge of commercial loan documentation
• Leadership and mentoring skills
• Financial analysis skills with attention to detail and accuracy
• Developed professional verbal and written communications skills
• Exposure to Wells Fargo AFS (Automated Financial Systems)
• Exposure to Wells Fargo eCaR (Enterprise Collections and Recovery) system
• Exposure to Wells Fargo BLAST (Business Lending and Sales Tracking) system
• Intermediate Microsoft Office skills

Job Expectations:

• This position is not eligible for Visa Sponsorship.

• This position offers a hybrid work schedule

Location:

• 2800 S. Price Rd. Chandler AZ

• 11601 N Black Canyon Hwy. PHOENIX, AZ 85029

Required locations for this position is listed above. Candidate must reside within a reasonable commute to the site location. Relocation assistance is not available for this position.

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, visitDisability 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.