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Lead Commercial Loan Closing Specialist, Asset Based Lending Deal Closer
Wells FargoLOS ANGELES, CASenior$104,000 - $168,0005+ years
Apply About this role:
Wells Fargo is seeking a Lead Commercial Loan Closing Specialist in
Capital Finance as a part of Wholesale Lending Operations Division. Learn more about our career areas and lines of business at wellsfargojobs.com.
In this role, you will:
- Complete pre-close and post-close documents for the most complex commercial loans
- Coordinate loan closings, perform customer, loan and regulatory diligence and on-going portfolio maintenance
- Evaluate and upload data into the systems of record
- Research complex business and operational decisions
- Review and prepare loan related documents
- Ensure compliance with all policies, procedures and regulatory requirements
- Provide guidance and training to peers and may have limited supervisory responsibilities
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
- Interact with internal and external customers
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
- Facilitate the closing and funding of new loan transactions including participations and loan restructures.
- Serve as a liaison to business divisions, underwriters, prospective clients, insurance brokers, attorneys, banks, letter of credit contacts and cash management contacts.
- Organize legal documents, internal documents and post-closing items.
- Coordinate funding logistics for new financings, participations and complex restructures.
- Review cash management arrangements; modify cash management structures, including preparation and negotiation of cash management agreements and set-up of accounts.
- Collect, review and negotiate acceptable insurance certificates and endorsements.
- Facilitate the issuance of letters of credit.
Required Qualifications:
- 5+ years of Commercial Loan Closing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Experience with Asset Based Lending.
- Paralegal and/or finance experience
- Degree in Finance, Business, Economics or Law
- Knowledge of Deposit Account Control Agreements (DACAs) and cash management systems.
- Proficient in reading and understanding complex loan documentation
- Commercial Insurance knowledge
- Ability to work effectively, as well as independently, in a team environment
- Ability to work in a fast-paced deadline driven environment
- Effective organizational, multi-tasking, and prioritization skills
- Sound knowledge of Microsoft Office (Word, Excel, & Outlook)
- Excellent verbal, written, and interpersonal communication skills
Job Expectations:
- This position will work a hybrid schedule – 3 days in office, 2 remote
- Ability to work at the posted location listed below
- Relocation benefits are not available for this role
- Visa sponsorship is not available for this position
Location:
- 1800 Century Park E, Los Angeles, CA
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.
$104,000.00 - $168,000.00Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:
1 Sep 2026*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.
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.
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.