Lead Equipment Finance Credit Underwriter
Wells Fargo is seeking a Lead Equipment Finance Underwriter within our Commercial Capital group. This role offers the opportunity to work with one of the top commercial banking lenders in the U.S.
About the role
The WFEF Commercial Vehicle Group (CVG) Underwriter is responsible for underwriting and managing titled vehicle vendor, leasing or finance, and third-party origination programs with high reliance on the program counterparty. This includes managing floorplan relationships with transportation equipment dealers.
Responsibilities
- Lead complex initiatives for researching financial and credit information for larger and more complex commercial or business loan and lease requests.
- Assist in structuring and approval of loans or leases within delegated authority and recommend transactions in excess of credit authority.
- Review and research financial and credit information for larger and complex loans and lease requests requiring in-depth evaluation.
- Make decisions in complex and multifaceted situations requiring exceptional understanding of the Equipment Finance Underwriting functional area, policies, procedures, and compliance requirements.
- Collaborate and consult with peers, colleagues, and managers to achieve business objectives.
- Mentor or review analysis of less experienced individuals.
- Lead projects and approve transactions in excess of their credit authority.
Requirements
- 5+ years of Equipment Finance Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Qualifications
- Desired:
- Strong cash flow analysis skills.
- Familiarity with various collateral types.
- Document negotiation skills.
- Financial analysis experience.
- Proficiency with Microsoft Office suite (Excel, Word, PowerPoint).
- Experience working across multiple industries in an underwriting capacity (e.g., construction, transportation, industrial, manufacturing).
- Experience working on transactions over $15M.
- Strong communication skills with experience presenting to senior leadership and communicating with external clients.
- Job Expectations:
- Ability to travel up to 10% of the time.
- Ability to work a hybrid work schedule.
- Specific compliance policies may apply regarding outside activities or personal investing; affected employees will provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements.
Location
Available in the following locations:
- Minneapolis, MN (600 S 4th St)
- Chicago, IL (10 S Wacker Dr)
- Chandler, AZ (2600 S Price Rd)
- Des Moines, IA (801 Walnut St)
- Irving, TX (5000 Riverside Rd)
Pay
- Minnesota - Minneapolis: $153,000–$239,000
- Illinois - Chicago: $153,000–$239,000
- Arizona - Chandler: $139,000–$217,000
- Iowa - Des Moines: $139,000–$217,000
- Texas - Irving: $139,000–$217,000
Pay range reflects base pay and may vary depending on factors including but not limited to achievements, skills, experience, or work location. Additional compensation may include sales incentives, discretionary bonuses, and/or equity in the form of Restricted Stock Units (RSUs).
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, including:
- 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