Lead Equipment Finance Credit Underwriter

About the role

Wells Fargo is seeking a Lead Equipment Finance Underwriter within our Commercial Capital group. This is a great opportunity to work with one of the top commercial banking lenders in the U.S.

The WFEF Commercial Vehicle Group (CVG) Underwriter is responsible for the underwriting and management of titled vehicle vendor, leasing or finance, and third party origination programs where there is 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 loan 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 that require 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

• Strong cash flow analysis skills
• Familiarity with various collateral types
• Document negotiation skills
• Financial Analysis experience
• Experienced and proficient with Microsoft Office suite of products, including Excel, Word and PowerPoint
• Experience working across multiple industries in an underwriting capacity (i.e. construction, transportation, industrial, manufacturing)
• Experience working on transactions >$15MM
• 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
• This position does not support Visa Sponsorship
• 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.

Job Locations

• 600 S 4th St - Minneapolis, MN 55415
• 10 S Wacker Dr - Chicago, IL 60606
• 2600 S Price Rd - Chandler, AZ 85286
• 801 Walnut St - Des Moines, IA 50309
• 5000 Riverside Rd - Irving, TX 75039

Pay

Pay Range:

• 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 may vary depending on factors including but not limited to achievements, skills, experience, or work location.

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