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Commercial Loan Administration

Location : Uptown Charlotte
Job Type : Temp/Contract
Reference Code : JR-BO
Hours : Full Time
Travel : No
Relocation : No
Industry : Banking - Financial Services

Job Description :

Location: Uptown

Duration: 6 mo+

Job Description / Responsibilities


Primary Purpose:

Provide Master Repurchase Agreement and Credit Agreement administration / operational support in a Capital Markets Middle Office Operations group. The team supports the Real Estate Capital Markets, Asset Backed Finance, Commercial Operating Asset Finance and Whole Loan Trading businesses within Wells Fargo Securities. 



  • Review all business unit requests for commercial loan activity: fundings, paydowns, LIBOR-based interest, etc. and post entries within loan system

  • Perform reconciliations of both cash and general ledger postings

  • Properly keep the business unit informed on any trades or prices that need attention

  • Participate in User Acceptance Testing related to system enhancements

  • Provide solutions to operational problems and suggest improvement to workflow

  • Participate on projects for new business initiatives

  • This role involves interfacing with multiple business partners including Trading, Finance, Market Risk and Technology while ensuring that the operational risk associated with the business is being mitigated



Required Qualifications :

  • Knowledge and experience should be in performing operational support in one of these areas: loan administration, loan operations, corporate investment banking, fixed income trading, real estate lending, securitization, conduit products or whole loan mortgage products

  • Some knowledge of general accounting principles

  • General knowledge of banking and finance terms and concepts including internal control concepts and risk management

  • Proficiency in Excel

  • Knowledge of various systems relative to asset trading, general ledger (e.g. Oracle, IRIS, Hyperion/Essbase)

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