Loan Workout Specialist

Posted 40 Minutes Ago
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Des Moines, IA, USA
Hybrid
Junior
Fintech • Financial Services
Wells Fargo: Tech-powered. Innovation-led. We're transforming financial services.
The Role
Manages complex commercial loan workout and delinquent loan portfolios. Evaluates credit risk, financial statements, collateral, and account equity; negotiates renewals and restructuring solutions; recovers charged-off loans; resolves title and collateral issues; monitors compliance and portfolio performance; identifies process improvements; coaches colleagues; and supports training and departmental initiatives.
Summary Generated by Built In
About this role:
Wells Fargo is seeking a Loan Workout Specialist to join our Commercial Banking Operations team.
This role provides oversight of complex commercial collection portfolios, with a focus on reducing delinquency and loss exposure. Responsibilities include executing control activities, monitoring performance, identifying process or performance gaps, providing coaching and guidance, and ensuring compliance with company, vendor, investor, risk, and regulatory requirements.
This successful individual will apply advanced credit and account analysis to assess risk, manage vendor remedies and recourse, and partner with key stakeholders to support program performance and volume objectives.
In this role, you will:
  • Provide support to internal and external customers in complex initiatives relating to collection portfolios data to reduce delinquency and restructuring of loans within the Loan Workout functional area
  • Evaluate risk and analyze account information including financial statements and total relationship
  • Coordinate 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 off or attend foreclosure sale
  • 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 rating 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

Required Qualifications:
  • 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
  • 1+years of experience managing a portfolio of delinquent commercial loans and/or accounts, including assessing account status, prioritizing collection activities, and pursuing resolutions to reduce delinquency and loss exposure.

Desired Qualifications:
  • Proven knowledge and understanding of collections operations: compliance and governance oversight
  • Strong credit and account analysis skills to assess risk and develop appropriate account solutions
  • Experience coaching, training and mentoring team members on effective collection techniques and best practices
  • Strong communication and collaboration skills, with experience partnering across stakeholder groups to resolve complex account issues.
  • Ability to identify root-cause issues and make recommendations for process improvements
  • Experience in monitoring peer work group for coaching and compliance.
  • Highly organized and detail-oriented, with the proven ability to handle multiple tasks simultaneously, and prioritize effectively
  • Strong attention to detail and accuracy skills
  • Intermediate proficiency with Microsoft Office Suite, including Word, Excel, and Outlook.
  • Technical skills: Artiva and/or Lease Connect

Job Expectations:
  • Ability to work a hybrid schedule
  • Successful candidate will work an 8-hour schedule between the hours of M-F 7:00am-5:00pm CST - based on manager approval.
  • Ability to work additional hours based on business need
  • Willingness to work on-site at stated location on the job opening
  • This position is Not eligible for Visa sponsorship

Position Location:
  • 801 Walnut Street, Des Moines, IA 50309

Posting End Date:
12 Nov 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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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.
c. Please be prepared to provide accurate information and supporting documentation in connection with any lawful employment and education verification conducted by Wells Fargo.
#BI-Hybrid

Skills Required

  • 2+ years of Loan Workout, Commercial Lending experience, or equivalent experience, training, military experience, or education
  • 1+ year managing a portfolio of delinquent commercial loans or accounts, including assessing account status, prioritizing collections, and pursuing resolutions
  • Knowledge of collections operations, compliance, and governance oversight
  • Strong credit and account analysis skills
  • Experience coaching, training, or mentoring team members on collection techniques
  • Strong communication and collaboration skills
  • Ability to identify root-cause issues and recommend process improvements
  • Experience monitoring peer work groups for coaching and compliance
  • Organization, attention to detail, accuracy, multitasking, and prioritization skills
  • Intermediate proficiency with Microsoft Office Suite, including Word, Excel, and Outlook
  • Technical skills with Artiva and/or Lease Connect
  • Ability to work a hybrid schedule and on-site at the stated location
  • Ability to work an 8-hour schedule between Monday and Friday, 7:00 a.m. and 5:00 p.m. CST
  • Ability to work additional hours based on business need

Wells Fargo Compensation & Benefits Highlights

  • Retirement Support — Pay is considered stronger due to a 401(k) match up to 6% and, for some lower earners, an additional company contribution. Feedback suggests the retirement program is a standout element of the total package.
  • Parental & Family Support — Eligible employees can receive up to 16 weeks of paid parental leave, along with critical-caregiving leave and backup care resources. Feedback suggests this breadth of family support is a meaningful advantage.
  • Healthcare Strength — Medical, dental, and vision coverage begin on the first day for eligible employees, with the employer covering a large share of premiums in some plan scenarios. Feedback suggests access and plan breadth are strong.

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The Company
HQ: San Francisco, CA
205,000 Employees
Year Founded: 1852

What We Do

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.2 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. Our technology professionals drive innovation, information security, and big data analytics while maintaining a network that handles more than 12 billion customer interactions a year. Join us! Are you looking for more? Find it here. At Wells Fargo, we're more than a financial services leader – we’re a global trailblazer committed to driving innovation, empowering communities, and helping our customers succeed. We believe that a meaningful career is much more than just a job – it’s about finding all of the elements to help you thrive, in one place. Living the Well Life means you’re supported in life, not just work. It means having robust benefits, competitive compensation, and programs designed to help you find work-life balance and well-being. You’ll be rewarded for investing in your community, celebrated for being your authentic self, and empowered to grow. And we’re recognized for it — Wells Fargo continues to rank on the LinkedIn Top Companies lists of best workplaces “to grow your career.” 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. © 2026 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.

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