Senior Lead Secured Lending Underwriter
Company: Wells Fargo
Location: Chicago
Posted on: August 7, 2022
Job Description:
At Wells Fargo, we are looking for talented people who will put
our customers at the center of everything we do. We are seeking
candidates who embrace diversity, equity and inclusion in a
workplace where everyone feels valued and inspired. Help us build a
better Wells Fargo. It all begins with outstanding talent. It all
begins with you.Wells Fargo is seeking a Senior Lead Secured
Lending Underwriter for the Channel Finance division in our
Commercial Bank. Learn more about the career areas and lines of
business at .About this role:Wells Fargo Channel Finance provides
accounts receivable purchase facilities and asset based working
capital lines of credit to technology companies across the globe
with credit facilities ranging from $500M to $2.5Bn. The UW is
expected to work closely with Senior Management, Relationship
Management and Business Development to maintain and grow a
portfolio of new and existing client relationships. This individual
will be responsible for independently underwriting and closing a
variety of transactions ranging in complexity.In this role, you
will:
- Lead deal teams by coordinating with Originations, Relationship
Management, Credit, and Product Partners to underwrite, document,
and close new and existing senior secured asset-based loans or
unsecured A/R purchase facilities for public and private companies,
including sponsor-owned, ranging in size from $5MM to $1Bn+
- Analyze and understand collateral, historical and projected
financial statements, cash flows, liquidity, relevant valuation
metrics, and market significance
- Coordinate and drive the scope of due diligence including
collateral focused field examinations; inventory appraisals;
quality of earnings review; and background investigations
- Develop and maintain a positive relationship with prospective
clients throughout the customer lifecycle
- Organize diligence meetings to assess the quality and strength
of management and develop a deeper understanding of the borrower's
business, financial profile, and industry position
- Identify critical transactional and structural risks, complete
in-depth diligence on critical focus areas, and propose situation
appropriate mitigants or structuring alternatives
- Complete comprehensive credit approval and funding memos
- Present underwritten transactions to credit and senior
management in a clear and concise manner with well-reasoned
support
- Expertly structure loans and negotiate legal documents to
ensure the transaction is appropriately documented in accordance
with credit approval
- Manage client and internal constituents expectations throughout
the approval and loan closing process through frequent and
effective communication
- Accurately complete all compliance requirements including
leverage lending, high risk borrowers, exception tracking, risk
ratings, and financial crimes
- Oversee seamless onboarding of new clients in coordination with
Relationship Management
- Actively engage on special projects, and as a mentor to junior
team membersRequired Qualifications:
- 7+ years of Secured Lending Underwriting experience, or
equivalent experience demonstrated through one or a combination of
the following: work experience, training, military experience,
educationDesired Qualifications:
- Asset Based Lending and/or Channel Finance experience
- Experience with private equity firms
- Significant customer facing experience
- Significant secured lending legal loan documentation and
negotiation experience May be considered for a discretionary bonus,
Restricted Share Rights, or other long-term incentive awards.
Salary range is determined by location of the job
- CO - Denver Pay range: $120,400 - $250,000Pay Range$126,400.00
- $262,600.00 AnnualBenefits
- Information about Wells Fargo's employee benefits We Value
Diversity At Wells Fargo, we believe in diversity, equity and
inclusion in the workplace; accordingly, we welcome applications
for employment from all qualified candidates, regardless of race,
color, gender, national origin, religion, age, sexual orientation,
gender identity, gender expression, genetic information,
individuals with disabilities, pregnancy, marital status, status as
a protected veteran or any other status protected by applicable
law. Employees 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. Candidates applying
to job openings posted in US: All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, disability, or status as a protected veteran.
Keywords: Wells Fargo, Chicago , Senior Lead Secured Lending Underwriter, Accounting, Auditing , Chicago, Illinois
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