Senior Commercial Loan Servicing Specialist – Asset Based Lending/Syndicated Loans
Wf · Chicago, IL
📍 CHICAGO, IL💰 $85,000via workday
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About this role:
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.
The Capital Finance Operations team supports Capital Finance by delivering 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).
Why Wells Fargo:
Are you looking for more? Find it here. At Wells Fargo, we believe that a meaningful career is much more than just a job. It’s about finding all the elements that help you thrive, in one place.
#LivingTheWellLife means you’re supported in life, not just work. It means having a competitive salary, a robust benefits package, and programs to support your work-life balance and well-being. It means being rewarded for investing in your community, celebrated for being your authentic self, and empowered to grow. And we’re recognized for it! Wells Fargo ranked in the top three on the 2024 LinkedIn Top Companies List of best workplaces “to grow your career” in the U.S. Learn more about the career areas and business divisions at https://www.wellsfargojobs.com/.
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
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
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).
$85,000.00 - $133,000.00
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
Posting End Date:
30 Aug 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 fo
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