National War College Alumni Association

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking a Lead Credit Resolution Specialist to support our Commercial Mortgage Servicing (CMS) division. The Lead Credit Resolution Specialist within the CMS Special Servicing team has the responsibility to organize, analyze and update asset and market level data for a variety of real estate transactions in the Wells Fargo CMS - Special Servicing named portfolio (performing and non-performing mortgage loans and real estate owned) which may include fixed or floating rate agency, Commercial Mortgage Backed Securities (CMBS) deals. Learn more about our career areas and lines of business at wellsfargojobs.com.

In this role, you will:

• Support complex initiatives including those that are cross functional with broad impact

• Work as a key participant in overseeing and providing technical expertise regarding commercial and real estate problem loans for the Loan Workout area

• Support the restructure and renegotiate credits with customers, perform financial legal risk evaluations of credits

• Review strategies and payment structures formulated by less experienced adjusters and formulate litigation strategy

• Strategize and research complex multi-faceted, large-scale, and long-term business challenges of the loan workout initiatives that require in-depth evaluation of multiple factors, including intangibles or unprecedented factors

• Make decisions in complex and multi-faceted situations of handling the problem loan portfolio initiatives, policies, procedures, and compliance requirements

• Support the work team to meet deliverables and drive new initiatives

• Collaborate and consult with peers, colleagues, and mid-level to more experienced managers to resolve sensitive issues and achieve goals

• Support projects, teams or serve as a peer mentor

• Work with in house and outside Counsel during litigation

• Track deal flow and maintain integrity of database of “active” and “watchlist” assets

• Ensure that assets are properly recorded and reported on the servicing system

• Process new deals for initial setup in database and complex spreadsheets

• Perform market research due diligence on underlying collateral

• Review and approve of annual operating budgets of loan level property operating statement financial analysis

• Analyze rent rolls and determine future lease rollover

• Perform loan level compliance reviews

• Review and interpret third party reports

• Review detailed credit reports and obtain explanations of any major derogatory items

• Prepare Asset Status Reports

• Evaluate the impact of servicing advance recoveries to the Trust

• Communicate progress and immediately elevate any roadblocks to the Asset Manager

• Coordinate roll-up and delivery of monthly and quarterly report packages

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:

• 5+ years of Credit Resolution experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Advanced knowledge and understanding of credit policy, accounting practices, and procedures

• Advanced knowledge and understanding of lending, loan structuring, and financial analysis

• Knowledge and understanding of problem loan resolution and workout situations

• 2+ years of experience in commercial real estate: asset management, finance, underwriting, origination, and/or servicing

• Experience in reviewing and analyzing complex loan documents, intercreditor documents and deal documents

• Strong credit and risk management exposure

• Ability to think strategically and critically evaluate stakeholder value

• Knowledge of CMBS, Pooling and Servicing Agreements, Inter-creditor Agreements, Participation Agreements, and all commercial loan documentation

• Strong negotiation and influence skills

• Commercial loan restructuring and negotiation experience

• Excellent verbal, written, and interpersonal communication skills

• Advanced Microsoft Excel skills

Job Expectations:

• Ability to travel as needed