Collateral Analyst

Job Description

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

Equipment Finance is a provider of commercial/ corporate leasing and financing products. Equipment Finance reaches small, middle-market and large corporate companies with equipment needs and provides term loans, equipment leases, vendor finance programs and manufacturer finance programs.
Wells Fargo Equipment Finance Company (WFEFC) is a US Bank-owned leasing/finance company offering financing to businesses for their equipment acquisitions. WFEFC offers leasing and financing directly to businesses for their equipment acquisitions and/or develops programs with manufacturers and distributors to facilitate their equipment sales.

Key responsibilities:

• Responsible for quoting Loans and Early Payouts across all Vendor Equipment Finance Programs. This role will also require cross training on other current team member assignments to support other areas when required.
• Responsible for processing, monitoring and examining client collateral information on asset based loans. Includes all stages from the receipt and verification of sales journals, collateral reports and agings, to resolution of customer problems and questions.
• Duties may include: posting and reconciling sales and accounts receivable adjustments; reconciling cash reported to cash received; investigating and resolving customer inquiries; receiving, processing, and posting advance requests; reviewing accounts receivable aging information and collateral trending.
• Posting, reconciling and verifying collateral balances and other related duties as required and assigned.

Market Skills and Certifications

Minimum requirements:

• 1+ year of financial services experience; or a BS/BA degree or higher in accounting or finance

Preferred skill:

• Basic knowledge and understanding of accounting.
• Basic Microsoft Office skills.
• Good analytical skills with high attention to detail and accuracy.
• Excellent verbal, written, and interpersonal communication skills
• Able to work in a fast paced environment
• Knowledge in leasing business
• Bilingual in French is preferred but not essential

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
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.
Team members 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.