Senior Commercial Loan Servicing Specialist Asset Based Lending/Syndicated Loans (CHICAGO)

Senior Commercial Loan Servicing Specialist

Wells Fargo is seeking a Senior Commercial Loan Servicing Specialist to join Commercial Banking Operations on the Capital Finance Operations (CFO) team within Wholesale Operations.

Capital Finance delivers comprehensive asset-based lending solutions, including sole lender, agented, and syndicated structures. These solutions serve asset-rich companies across the U.S., U.K., and Canada, spanning a wide range of industries.

This role sits within the Lending Servicing function and is responsible for end-to-end life-of-loan servicing activities. The scope includes client loan servicing, syndicated facilities, bought participations, and payoffs for Asset-Based Lending (ABL) portfolios. The role supports revolving and term loan facilities, as well as accounts payable activities, including pass-through expense billings such as field exams, appraisals, and legal fees.

Success in this role requires strong experience in:

• Asset-based lending account maintenance
• Accounting and reconciliation, including debit and credit oversight
• Settlement, accrual, and fee management
• Interpretation and execution of contractual credit and loan agreements

Join the industry's #1 lead arranger and bookrunner of syndicated asset-based loans (YTD 9/2024, Source: Refinitiv/Wells Fargo).

In this role, you will:

• Execute servicing activities for moderately complex commercial loan products, supporting the full life-of-loan cycle
• Serve as a primary servicing contact for assigned relationships, partnering with Relationship Managers, Legal, Risk, Control, Technology, and Operations teams
• Review, process, and support moderately complex loan transactions, including new loans, modifications, tranche set-ups, interest and fee calculations, and participation settlements
• Evaluate servicing risks, resolve client and operational issues, and escalate matters as needed to management
• Ensure accurate data entry, reconciliation, and ongoing portfolio maintenance across systems of record, including LUCAS, in compliance with policies, procedures, and regulatory requirements
• Conduct quality reviews and monitor key performance indicators to support efficient and well-controlled servicing processes
• Recommend process or procedural improvements to enhance operational effectiveness and customer experience
• Provide guidance, training, and subject matter support to less experienced servicing representatives
• Participate in operational initiatives, system enhancements, and user acceptance testing as needed

Required Qualifications:

• 4+ years of Commercial Loan Servicing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 2+ years of asset-based lending/syndicated loan servicing experience
• Experience with commercial loan systems, specifically LoanIQ, Stucky
• Service complex wholesale commercial loans end to end, including account reconciliation, debit and credit oversight, settlement, accrual, and fee management
• Demonstrated ability acting as the agent in syndicated deals, coordinating funding and distribution across banks
• Ability to calculate interest rates (floating, fixed, term, FX considerations) and maintaining interest, fee accruals, and amortization schedules
• Manage loan transactions (advances, repayments, disbursements) and ensure accurate booking
• Excellent interpersonal communication abilities to partner with clients, investors, and internal teams to support ongoing servicing needs
• Experience in managing high volume pipelines

Job Expectations:

• This position offers a hybrid work schedule at the location listed
• This position is not eligible for Visa sponsorship
• This position may be eligible for relocation

Pay Range

Salary is just one component of Wells Fargo's total rewards package. Depending on the role, a Wells Fargo's employee may be eligible for additional forms of compensation, such as sales incentives, discretionary bonuses, and/or equity in the company in the form of Restricted Stock Units (RSUs).

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. $92,000.00 - $145,000.00

Benefits

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