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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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