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About this role:Wells Fargo is seeking a Commercial Mortgage Loan Financial Analyst to support the Cash Management Team within Commercial Mortgage Servicing (CMS). Learn more about our career areas and lines of business at wellsfargojobs.com.
Wells Fargo has recently entered into an agreement to sell the third-party servicing function of Commercial Mortgage Servicing (CMS) to Trimont Global LLC (Trimont). The sale is expected to close in early 2025 (the "Closing Date"). We are continuing to recruit for open positions supporting CMS but want to ensure you are aware that should you be selected for and accept this position, you will also receive an offer from Trimont prior to the Closing Date with similar employment terms and conditions following your Wells Fargo start date. In this role, you will:- Work with both origination and central analysts in the preparation of loan approval documents
- Administer Waterfall Accounting for Cash Management accounts associated with commercial loans
- Participate in less complex initiatives and identify opportunity for process improvements for timely processing of all incoming requests within the Cash Management team
- Review and analyze basic business, operational, or technical assignments or challenges that require research, evaluation, and selection of alternatives, and exercise independent judgment to guide medium risk deliverables
- Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the function, policies, procedures and compliance requirements for loan approval documents
- Collaborate and consult with CMS colleagues, internal partners and stakeholders, including internal and external customers if applicable
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.
Required Qualifications:- 2+ years of Transactions and Processing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:- Familiarity to interpret and understand Loan documents and Loan Servicing Agreements
- Familiarity with Strategy loan accounting system
- Demonstrated ability to multitask, prioritize and work effectively while meeting tight deadlines with accuracy and minimal supervision
- Self-starter and motivated who can work both independently and with a group
- Experience in working in a challenging, team-oriented work environment
- Experience in a fast-paced financial environment
- Knowledge of Commercial Real Estate
- Experience in Mortgage Loan Servicing
- Portfolio/Asset Management Experience
- Experience with basic accounting principles
- Loan documentation and/or closing experience
- Relationship management experience
- Ability to prioritize conflicting deliverables in real time
- Ability to interact with integrity and a high level of professionalism with all levels of customers, team members and management
Job Expectations:- Ability to work outside normal business hours
Posting End Date: 22 Dec 2024
*Job posting may come down early due to volume of applicants. We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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 US: 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.
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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
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b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
