SENIOR ASSET BASED LENDING UNDERWRITER
Company: Wells Fargo
Location: Dallas
Posted on: October 16, 2024
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Job Description:
About this role:Wells Fargo is seeking a Senior Asset Based
Lending Underwriter to execute on asset based lending opportunities
for a variety of ABL clients from small to large. Clients include
public companies, private equity groups, and small to mid-sized
entrepreneur/privately owned businesses. Facility sizes range from
$20MM to $500M+. The UW is expected to work closely with our Middle
Market Bank and other line of business's under Wells Fargo
Commercial Capital to build strong relationships and enhance credit
and other economic opportunities with prospective customers. This
individual will be responsible for independently underwriting and
closing a variety of complex transactions and is expected to
respond independently to large and complex issues. The Senior
Underwriter works with a high degree of autonomy and serves as the
leader for transactions in partnership with junior employees on all
aspects of the new business transaction process.In this role, you
will: Lead transactional deal team by coordinating with
originations, portfolio management, credit, and product partners to
underwrite, document, and close new asset-based loans for public
and private companies, including sponsor-owned, ranging in size
from $15 million to $1 billion+Analyze and understand collateral,
historical and projected financial statements, cash flows,
liquidity, relevant valuation metrics, and market
significanceCoordinate and drive the scope of third-party due
diligence including collateral focused field examinations;
inventory, equipment, real estate, and intellectual property
appraisals; environment assessments; quality of earnings review;
and background investigationsDevelop and maintain a positive
relationship with prospective clients throughout the underwriting
processOrganize diligence meetings to assess the quality and
strength of management and develop a deeper understanding of the
borrower's business, financial profile, and industryIdentify
critical transactional and structural risks, complete in-depth
diligence on critical focus areas, and propose situation
appropriate mitigants or structuring alternativesComplete
comprehensive credit approval and funding memosPresent underwritten
transactions to credit and senior management in a clear and concise
manner with well-reasoned supportExpertly structure loans and
negotiate legal documents to ensure the transaction is
appropriately documented in accordance with credit approvalManage
client and internal constituents - expectations throughout the
approval and loan closing process through frequent and effective
communicationAccurately complete all compliance requirements
including leverage lending, high risk borrowers, exception
tracking, risk ratings, and financial crimesOversee seamless
onboarding of new clients in coordination with Portfolio
ManagementActively engage on special projects, and as a mentor to
junior team membersEmployees 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. -Wells Fargo Capital
Finance (WFCF), a division of Wells Fargo Commercial Capital, is
one of the top lead arrangers of asset-based loans in the United
States with a large and diversified portfolio exceeding 3,300
customers and more than $34 billion in loans outstanding. WFCF
offers traditional asset-based financing, specialized senior
secured financing, accounts receivable financing, purchase order
financing, and supply chain financing to a wide range of companies
throughout the United States, Canada and the United
Kingdom.Required 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, or educationDesired
Qualifications:Prior asset based lending experience and strong
understanding of accounting and legal documentationEffective
written and verbal communication skillsAbility to work in a highly
collaborative work environmentExperience with private equity
firmsCross-border lending experienceBachelor's Degree in
Accounting, Business Administration, Finance or EconomicsPay
RangeReflected is the base pay range offered for this position. Pay
may vary depending on factors including but not limited to
achievements, skills, experience, or work location. The range
listed is just one component of the compensation package offered to
candidates.$120,400.00 - $262,600.00Benefits Wells Fargo provides
eligible employees with a comprehensive set of benefits, many of
which are listed below. Visit -Benefits - Wells Fargo Jobs for an
overview of the following benefit plans and programs offered to
employees.Health benefits401(k) PlanPaid time offDisability
benefitsLife insurance, critical illness insurance, and accident
insuranceParental leaveCritical caregiving leaveDiscounts and
savingsCommuter benefitsTuition reimbursementScholarships for
dependent childrenAdoption reimbursementPosting End Date:30 Dec
2024*Job posting may come down early due to volume of applicants.We
Value DiversityAt 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, status as a protected veteran, or any other
legally protected characteristic.Applicants with DisabilitiesTo
request a medical accommodation during the application or interview
process, visit -Disability Inclusion at Wells Fargo.Drug and
Alcohol PolicyWells Fargo maintains a drug free workplace. - Please
see our Drug and Alcohol Policy to learn more.Wells Fargo
Recruitment and Hiring Requirements:a. Third-Party recordings are
prohibited unless authorized by Wells Fargo.b. Wells Fargo requires
you to directly represent your own experiences during the
recruiting and hiring process.SummaryLocation: LOS ANGELES, CA;
DALLAS, TXType: Full time
Keywords: Wells Fargo, Richardson , SENIOR ASSET BASED LENDING UNDERWRITER, Accounting, Auditing , Dallas, Texas
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