Equipment Finance Contract Administrator At Wells Fargo

Job ID 5474693Schedule Type Reg-TimeWork Hours 40Location Cedar Rapids, Iowa, Des Moines, Iowa;
Job Description

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wholesale Banking provides financial solutions to businesses across the United States and globally.  Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital.  We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

Wells Fargo Equipment Finance (WFEF) is a leading bank-owned equipment leasing and finance company in the U.S. with a portfolio exceeding $48.9 billion, more than 133,000 active customers and 1,100+ team members with coverage in all 50 states and Canada. WFEF provides a full spectrum of financing and lease options for customers’ equipment and capital expenditure requirements through Wells Fargo business, commercial and corporate banking channels, relationships with equipment manufacturers and distributors and direct to market. WFEF has Industry and Asset-type specialists devoted to Construction Equipment, Commercial and Specialty Vehicles, Healthcare, Energy/Marine, Solar, Vendor Finance Programs and Corporate/Private Aircraft.

The Contract Administrator processes revisions to legal documents for necessary amendments to loan/lease contracts that take place after the initial booking process.  Makes modifications to collateral terms, transfer of ownership, business organizational restructures, and legal name changes, etc.

Job duties include but not limited to:

  • Responsible for review and funding of commercial lease and loan documentation for equipment financing.
  • Functions include auditing transaction structure and documentation ensuring compliance with Wells Fargo policies and approved credit parameters, funding approval and disbursement.
  • Assists in identifying viable solutions to resolve documentation issues and responsible for final approval of transaction for funding.
  • Verifies perfection of security interest in collateral and compliance with company policies.
  • Responsible for coordinating transaction closings and may coordinate transactions involving the purchase of third party paper with the Program Source and Territory Manager.
  • May act as liaison between Territory Managers and Corporate Legal group.
  • May interface directly with external WF Customers.

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.

Required Qualifications
  • 2+ years of business experience, administrative support experience, or a combination of both

Desired Qualifications
  • Ability to work effectively in a team environment
  • Excellent verbal, written, and interpersonal communication skills
  • Knowledge and understanding of equipment finance and leasing
  • Knowledge and understanding of lease and loan products
  • Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions
  • Ability to navigate multiple computer systems, applications, and utilize search tools to find information
  • Ability to work in a fast-paced deadline driven environment
  • Ability to work independently, proactively, innovatively, and creatively while exercising sound judgment
  • Basic knowledge and understanding of collateral documentation, perfection, and business entities
  • Effective organizational, multi tasking, and prioritizing skills
  • Intermediate Microsoft Word skills

Salary Information

The salary range displayed below is based on a Full-time 40 hour a week schedule.

IA-Cedar Rapids: Min: $38,300 Mid: $52,500
IA-Des Moines: Min: $38,300 Mid: $52,500


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

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.