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Commercial Banking Portfolio Associate

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Wells Fargo

11d ago

  • Job
    Full-time
    Senior Level
  • Banking & Finance
  • Hyderabad

AI generated summary

  • You need 6+ months in Commercial Banking Portfolio Management, strong analytical skills, communication strengths, degree preferably MBA, 5+ years experience, and advanced Excel skills are a plus.
  • You will support team performance, review financial documents, mentor junior members, implement processes, respond to inquiries, and prepare reports while ensuring quality and timely work.

Requirements

  • Required Qualifications:
  • 6+ months of Commercial Banking Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Desired Qualifications:
  • At least a B. Com or an equivalent degree preferably MBA
  • Should have 5+ years of work experience.
  • Sound analytical thinking / high attention to detail with focus on research across various platforms
  • Demonstrates strong ownership of work, ability to work independently, able to taken judgement calls with realistic assumption and ability to articulate and present in the narratives.
  • Strong communication skills - both verbal and written.
  • High level of personal motivation, strong interpersonal skills to work across time zone
  • Must be comfortable working independently and as part of a team
  • Advanced excel skills would be a plus

Responsibilities

  • Support performance and overall effectiveness of team, as well as cross-group administrative operations
  • Provide feedback and present ideas for improving or implementing processes and tools within Commercial Banking Portfolio Management
  • Review credit information of loans for companies and industries
  • Respond to customer inquiries, generate status reports for management or bankers and contact available sources of information
  • Perform or guide others on complex tasks or initiatives that require planning, evaluation, and interpretation
  • Independently prioritize work and provide day-to-day-work leadership and mentorship to team
  • Lead or contribute to implementation of new or revised processes and procedures
  • Provide guidance and subject matter expertise to immediate team and Commercial Banking Portfolio Management on wide range of information
  • Review financial documents and loan agreements to determine if all required or eligible alternative documents are available to complete the annual review
  • Ability to understand various financial documents including but not limited to company prepared financial statements, company prepared financial statements and U.S tax returns
  • Should be able to review covenants and identify certain loan types to determine all the necessary documents required to perform underwriting work
  • Deliver quality work product within agreed upon timelines
  • Ability to properly escalate issues or complaints in a timely manner
  • Working knowledge on BLAST and ICMP application is an added advantage
  • Fundamental knowledge of investor and owner occupied real estate transactions is an added advantage
  • Quality check of work performed by junior team members and provide appropriate feedback on the same
  • Understand the feedback received from the onshore team members and disseminate the same to the team
  • Update procedures as and when required to leverage for future reference
  • Able to support his/her FLM in preparing the internal reports like performance report, Daily/Weekly Monthly reports and dashboards
  • Prepare/design training programs, learning curve design with examples/samples/test cases
  • Provide progress plan for team members
  • Prepare PDP packs, process documents should be up to date and email should sent to onshore partners for the approval

FAQs

What is the primary role of a Commercial Banking Portfolio Associate at Wells Fargo?

The primary role is to support the performance and overall effectiveness of the team and cross-group administrative operations within Commercial Banking Portfolio Management.

What are some key responsibilities of the Commercial Banking Portfolio Associate?

Key responsibilities include reviewing credit information of loans, responding to customer inquiries, performing complex tasks, mentoring team members, and providing guidance on financial documents and loan agreements.

What qualifications are required for this position?

The position requires at least 6 months of Commercial Banking Portfolio Management experience or equivalent combined experience, training, military experience, or education.

Is a specific educational background preferred for this role?

Yes, a Bachelor of Commerce or an equivalent degree, preferably an MBA, is desired.

How many years of work experience is preferred for candidates applying for this role?

A minimum of 5 years of work experience is preferred for candidates.

Are there specific skills beneficial for this position?

Yes, beneficial skills include sound analytical thinking, strong communication skills, advanced Excel proficiency, and the ability to work independently and collaboratively.

What is the significance of understanding financial documents and U.S. tax returns for this role?

Understanding financial documents and U.S. tax returns is crucial for reviewing covenants and underwriting processes, as well as determining the necessary documents needed for annual reviews.

How important is attention to detail in this role?

Attention to detail is highly important as the role involves reviewing complex financial documents and ensuring quality work is delivered within timelines.

Does Wells Fargo value diversity in its hiring process?

Yes, Wells Fargo values diversity, equity, and inclusion and welcomes applications from all qualified candidates regardless of various protected characteristics.

Is there a policy regarding drug and alcohol use for employees?

Yes, Wells Fargo maintains a drug-free workplace as part of its policies.

Wells Fargo

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.