Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
About this role:
We are seeking a Portfolio Manager to join Wells Fargo's Restaurant Finance team which specializes in providing financing for multi-unit branded retail businesses (primarily restaurants and convenience stores) that have a regional or national presence. This Portfolio Manager’s duties will include providing transaction support for new business origination working within established risk management guidelines and partnering with other members of the business development and portfolio management teams. This role will also have responsibility for developing strategies to create efficiencies around credit and origination data maintenance and reporting. This candidate will have experience with mid-to-large corporate financing transactions and should be prepared to contribute to some more complex transactions, including those with investment banking/capital markets components. This candidate will be part of a deal team and may participate in structuring and underwriting, and will be involved in the credit approval and monitoring processes. This candidate will have regular interaction with Restaurant Finance senior leadership and credit partners. This team member will be trained and mentored by more senior portfolio team members.
2 years of Commercial Banking Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
The ideal candidate will have strong working knowledge of, and experience with, financing transactions for mid-to-large cap restaurant operators, lending to consumer retail services industries, and commensurate real estate secured lending experience. Demonstrated success in sales, marketing and credit/portfolio management. Strong accounting skills and ability to analyze financial statements. Strong analytical skills with high attention to detail and accuracy. Excellent verbal, written, and interpersonal communication skills. High level of initiative and accountability. Intermediate Microsoft Office (Word, Excel, and Outlook) skills. Demonstrated ability to build and maintain effective relationships with customers and internal partners.
Pay Range
$84,000.00 - $164,400.00Benefits
Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
Posting End Date:
4 Apr 2024*Job posting may come down early due to volume of applicants.
We Value Diversity
At 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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability 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.
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