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Business Execution Associate

  • Job
    Full-time
    Entry Level
  • Business, Operations & Strategy
    Banking & Finance
  • Hyderabad, +1
  • 8d left

AI generated summary

  • You must have 6+ months in business execution, credit knowledge, loan documents expertise, strong communication skills, Excel proficiency, and be available for mid-shift hours.
  • You will plan and execute initiatives, review processes, ensure data accuracy, collaborate with teams, maintain compliance, and manage client information using MS Office tools.

Requirements

  • 6+ months of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Overall experience in reading and interpret various loan documents and financial statements.
  • Credit background; strong familiarity with legal documents related to credit facilities - Credit agreements, security agreements, W-9s and Tax Documents, Underwriting Memos, Guarantor Documents, Credit Memos etc.
  • Understanding of different elements of a Loan Agreement
  • Understanding of different credit facilities - Revolving Line of Credit, Term Loan, Swinglines, Letter of Credits, Standby Letter of Credits
  • Understanding of the Loan Lifecycle
  • Experience with Loan SORs and SOOs - Loan IQ, Delta, CORS, CreditView, AFS
  • Detailed understanding of an underwriting memo
  • Demonstrates awareness and understanding of the financial regulatory environment in which Wells Fargo operates
  • Synthesizes complex or varied sources of information to create reports
  • Provides summaries and supporting information to build effective narratives and enhance report utility
  • Effective organizational, multi-tasking, and prioritizing skills
  • Excellent verbal, written and interpersonal communication skills
  • Solid problem solving and decision-making skills
  • Proficient in Microsoft Outlook and Excel with ability to develop and comprehend complex functions and macros.
  • Willing to work in mid-shift working hours - 1:30 PM to 10:30 PM IST

Responsibilities

  • Participate in planning and executing a variety of programs, services, and initiatives, and monitor key indicators to ensure effective performance and control management of assigned operations or business groups
  • Review basic initiatives including policy or process changes, process improvements, technology enhancements, and conduct regular reviews to identify efficiencies and cost savings opportunities
  • Receive direction from leaders and exercise independent judgement while developing an understanding of policies and procedures, best practices, and initiatives
  • Collaborate and consult with mid-level managers or cross-functional business partners
  • Provide work direction to less experienced Strategy and Execution staff
  • As part of the post-booking certification (PBC) process, review critical business elements (CBEs) and data fields related to Corporate Banking's outstanding credit facilities (both direct and operational exposure), compare to various internal credit documents and formal legal documents, and ensure these CBEs accurately reflect the terms set forth in said documents
  • Understand, comprehend and validate different terms and details of various loan agreements such as Credit agreements, security agreements, W-9s and Tax Documents, Underwriting Memos, Guarantor Documents, Credit Memos etc.
  • Liaise with US-based CDA team, loan administration and portfolio management partners to confirm and/or update CBEs as needed
  • Maintain data integrity with internal partners in CIB and Data Integrity Officers
  • Work with various internal databases for client information tracking and reporting
  • Liaise with US-based CDA, loan administration and portfolio management partners for on-going management of compliance related information and data entry into supporting databases and end user computing tools
  • Monitor and evaluate larger and more complex business, operational, and customer support initiatives and overall effectiveness of team performance
  • Document quality issues and performance measures for management review
  • Provide information and assists in the feedback and formal data changes with I the application
  • Work closely with both internal stakeholders and users to meet their service needs
  • Apply technical knowledge and expertise to perform work and action requests
  • Strong MS Office knowledge to manage and structure the available data and to clean and transform the data to use it further

FAQs

What are the primary responsibilities of a Business Execution Associate at Wells Fargo?

The primary responsibilities include participating in planning and executing various programs and initiatives, monitoring performance indicators, reviewing policy changes, and collaborating with mid-level managers and cross-functional teams.

What are the required qualifications for this position?

The required qualifications include at least 6 months of Business Execution, Implementation, or Strategic Planning experience, or an equivalent combination of work experience, training, military experience, or education.

What specific skills are desired for this role?

Desired skills include the ability to review critical business elements related to corporate banking, understand various loan documents, liaise with internal teams, maintain data integrity, and demonstrate strong MS Office skills, particularly in Excel.

What is the expected experience related to loan documents?

Candidates should have overall experience in reading and interpreting various loan documents and financial statements, with familiarity in credit agreements, security agreements, and related legal documents.

What are the working hours for this position?

The working hours for this position are mid-shift, specifically from 1:30 PM to 10:30 PM IST.

Is experience with specific loan systems required?

Yes, familiarity with Loan SORs and SOOs such as Loan IQ, Delta, CORS, CreditView, and AFS is preferred.

What qualities should a candidate possess for effective communication?

Candidates should demonstrate excellent verbal, written, and interpersonal communication skills, along with strong problem-solving and decision-making abilities.

Does Wells Fargo value diversity in the workplace?

Yes, Wells Fargo is committed to diversity, equity, and inclusion, welcoming applications from all qualified candidates regardless of their background.

Are accommodations available for applicants with disabilities?

Yes, accommodations for applicants with disabilities are available upon request during the recruitment process.

Is prior experience in the financial regulatory environment important for this role?

Yes, candidates should demonstrate awareness and understanding of the financial regulatory environment in which Wells Fargo operates.

Finance
Industry
10,001+
Employees
1929
Founded Year

Mission & Purpose

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with approximately $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.