Lead ABL Underwriter

About This Role

Wells Fargo is seeking a Lead Asset Based Lending Underwriter for the Channel Finance division. Wells Fargo Channel Finance provides asset-based working capital lines of credit and accounts receivable purchase facilities to technology companies across the globe with credit facilities up to $3B. The Underwriter will partner with Senior Management, Relationship Management, and Business Development to support the growth and management of new and existing client relationships. This individual will be responsible for leading and supporting the underwriting, documentation, and closing of complex transactions with well-supported risk analysis and recommendations.

Responsibilities

• Analyze collateral, historical and projected financial statements, cash flows, liquidity, relevant valuation metrics, and market position.
• Cook up and drive the scope of due diligence, including collateral-focused field examinations, inventory appraisals, quality of earnings reviews, and background investigations.
• 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 key focus areas, and propose situation-appropriate mitigants or structuring alternatives.
• Prepare comprehensive credit approval and funding memoranda and present underwritten transactions to credit and senior management with clear, well-supported recommendations.
• Negotiate legal documents to ensure transactions are appropriately documented in accordance with credit approval.
• Oversee seamless onboarding of new clients in coordination with Portfolio Management.
• Manage client and internal stakeholders' expectations throughout the approval and loan closing process through frequent and effective communication.
• Actively engage on special projects and serve as a mentor to junior team members.

Requirements

• 5+ years of Secured Lending Underwriting experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications

• Asset Based Lending and/or Supply Chain Finance experience
• Experience with private equity firms
• Customer facing experience
• Secured lending legal loan documentation and negotiation experience

Job Expectations

• This position is not eligible for Visa sponsorship
• The position offers a hybrid work schedule
• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.

Benefits

• 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
• Commute benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement