Physical Collateral Examination Associate, Wells Fargo

Wells Fargo

Location:
United States, Maple Grove ▼
Rochester

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

Wells Fargo is seeking a Physical Collateral Examination Associate to join their Vendor Finance team in Commercial Bank. This is a remote position based in Maple Grove or Rochester, MN. In this role, you will be responsible for inventory inspections, reconciliation tasks, and fostering customer relationships, while ensuring compliance and risk management.

Job Responsibility:

Schedule and route daily travel to customer locations within an assigned geographic area, incorporating overnight stays to reduce travel time for optimum productivity
physically inspect inventory and assess the condition to confirm the collateralized position
reconcile discrepancies with the customer and document details to support final inventory inspection results
build relationships with customers through setting inspection expectations, answering questions, providing support with payment systems and raising customer growth inquiries to commercial and portfolio teams
communicate with manager, account manager and peers to resolve issues and escalate risks
perform physical inspections of commercial business inventories to assess their condition and provide prompt, accurate reporting to confirm collateralized position
respond to customer inquiries, questions, documentation issues, billing errors, disputes, and program changes

Requirements:

6+ months of Collateral Examination experience, or equivalent demonstrated through work experience, training, military experience, education
must be willing to travel overnight
ability to push/pull 50 pounds and lift 25 pounds
ability to work in outdoor environments up to 8 hours per day
ability to travel daily with 4 or more hours of driving per day
reliable transportation for daily business travel
must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act
this position is not eligible for Visa sponsorship
specific compliance policies may apply regarding outside activities or personal investing

Nice to have:

6+ months of auditing experience
6+ months of customer service experience
bachelor’s degree in accounting, finance, economics, business or related field
ability to work independently and in a team environment
able to anticipate and adapt to rapidly changing, growth-oriented environment
good verbal and written communication skills
outstanding problem solving and decision-making skills
intermediate Microsoft Office (Word, Excel, Outlook, PowerPoint) skills
proficient knowledge of business practices and processes
ability to work with limited supervision
ability to negotiate with customers to obtain necessary documentation
strong problem solving and mathematical skills

What we offer:

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

Additional Information:

Job Posted:
September 22, 2025

Expiration:
September 26, 2025

Employment Type:

Fulltime

Work Type:

Remote work

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Physical Collateral Examination Associate