Loan Workout Specialist

About the role

Wells Fargo is seeking a Loan Workout Specialist on the Litigation, Bankruptcy, and Recovery team within Commercial Banking Operations. In this role, you will provide support to internal and external customers in complex initiatives relating to collection portfolios, data analysis to reduce delinquency, and restructuring of loans within the Loan Workout functional area.

Responsibilities

• Evaluate risk and analyze account information including financial statements and total relationship
• Cook initial loan renewal process and negotiate with borrower or attorneys to determine workout solutions
• Restructure supervised loans, recover charged-off loans, and research account equity to determine full or partial charge-offs or attend foreclosure sales
• Conduct research and determine resolution for title and collateral perfection issues
• Review and research complex operational challenges that require research, evaluation, and selection of alternatives related to low to medium risk deliverables
• Monitor portfolio for policy compliance and adhere to risk ratings
• Identify opportunities for process improvements within scope of responsibilities in Loan Workout area
• Present recommendations for resolving complex situations and exercise independent judgment while developing expertise in the functions, policies, procedures, and compliance requirements
• Coach and assist less experienced colleagues
• Provide issue-specific training and participate in departmental projects
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals

Requirements

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

Desired Qualifications

• Collections experience
• Commercial banking experience
• Knowledge and understanding of equipment finance and leasing
• Strong attention to detail, including accuracy in grammar and a sharp focus on eliminating errors
• Strong analytical skills with high attention to detail and accuracy
• Experience resolving and working through escalated and complex customer issues
• Strong organizational, multi-tasking, and prioritizing skills
• Ability to manage a pipeline of work from assignment to completion
• Excellent verbal, written, and interpersonal communication skills

Job Expectations

• This position is not eligible for visa sponsorship
• Candidate must be based out of the posted location
• The position offers a hybrid work schedule
• Relocation assistance is not available for this position
• Able to work additional hours as needed

Location

Des Moines, IA

Posting End Date

20 Jul 2026

Job posting may come down early due to volume of applicants

Wells Fargo is an equal opportunity employer

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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