About this role:
Wells Fargo is seeking a Bilingual Loan Workout Specialist in Bankruptcy as part of the Commercial Banking Operation. The role is for a vacancy in our Mississauga office. Learn more about our career areas and lines of business at wellsfargojobs.com.
In this role, you will:
Required Qualifications:
Desired Qualifications:
Job Expectations:
Wells Fargo is seeking a Bilingual Loan Workout Specialist in Bankruptcy as part of the Commercial Banking Operation. The role is for a vacancy in our Mississauga office. Learn more about our career areas and lines of business at wellsfargojobs.com.
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
- Bilingual in French and English
Desired Qualifications:
- Experience with Legal and Bankruptcy Collections
- Commercial banking experience
- Knowledge and understanding of equipment finance and leasing
- Ability to interpret and comprehend complex legal documents
- Strong attention to detail, including accuracy in grammar and a sharp focus on eliminating errors
- Strong analytical skills with high attention to detail and accuracy
- Ability to manage a pipeline of work from assignment to completion
- Excellent verbal, written, and interpersonal communication skills
- Experience interacting positively with difficult or irate customers
- Experience resolving and working through escalated and complex customer issues
- Ability to organize and manage multiple priorities
- Strong organizational, multi-tasking, and prioritizing skills
Job Expectations:
- This position is not eligible for Visa sponsorship
- You must be able to work at the posted location
- This position offers a hybrid work schedule
- Relocation assistance is not available for this position
- Ability to work additional hours as needed
Top Skills
Banking
Commercial Lending
Loan Workout
Similar Jobs at Wells Fargo
Fintech • Financial Services
The role involves leading customer interactions, analyzing business challenges, preparing customized sales proposals, and managing projects in Treasury Management.
Top Skills:
Financial AnalysisSales SupportTreasury Management
Fintech • Financial Services
This role leads complex initiatives in Treasury Management, providing strategic advice to middle-market companies and enhancing client relationships through financial acumen and collaboration.
Top Skills:
AnalyticsCompliance PoliciesFinancial AcumenOperational StrategiesSAPTreasury Management
Fintech • Financial Services
The role involves originating mortgage loans, providing customer service, processing loan applications, and maintaining compliance with regulations while developing market visibility for Wells Fargo Home Mortgage.
Top Skills:
MS Office
What you need to know about the Vancouver Tech Scene
Raincouver, Vancity, The Big Smoke — Vancouver is known by many names, and in recent years, it has gained a reputation as a growing hub for both tech and sustainability. Renowned for its natural beauty, the city has become a magnet for professionals eager to create environmental solutions, and with an emphasis on clean technology, renewable energy and environmental innovation, it's attracted companies across various industries, all working toward a shared goal: advancing clean technology.
