Lead Wealth Underwriter - Legal Specialty Group
About the role
Wells Fargo is seeking a Lead Wealth Underwriter for the Legal Specialty Group (LSG). The role involves analyzing complex financial and credit information for law firms according to business unit standards. Responsibilities include underwriting commercial loans with high aggregate credit exposure, compiling, analyzing, and documenting loan data and credit risk, borrower, and property information. The candidate must have experience in financial analysis, underwriting, and structuring of highly complex commercial banking relationships. The role requires demonstrating knowledge of WIM Credit Policies and regulatory compliance requirements while serving commercial clients (law firms).
Responsibilities
- Analyze complex financial and credit information for law firms according to business unit standards.
- Underwrite commercial loans with high aggregate credit exposure and may manage a credit portfolio of clients.
- Compile, analyze, and document loan data and credit risk, borrower, and property information.
- Partner with Private Banker and Regional Directors in LSG to deliver high-quality custom credit solutions that result in a positive client experience.
- Exercise independent judgment and work with minimal direct supervision.
- Experience with legal documents and working with outside legal counsel; reviewing legal documents and leading negotiations is required.
- Excell in credit structuring and communicating recommendations verbally and in writing.
- Regularly monitor and service existing portfolio and communicate findings with recommended solutions to management in a timely manner.
Requirements
- 5+ years of Wealth Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- Preferred competencies include legal industry experience, capital markets expertise. Formal commercial credit training desirable.
- Formal commercial credit training desirable. Wealth related underwriting/lending experience a plus.
- Thorough knowledge of financial accounting theory and logic, loan structuring, commercial products and services is needed for this role.
- Strong interpersonal skills and communication skills. Must have top partnering skills; the ability to interpret and discuss analytical data; and the ability to multitask and prioritize.
- Proficient with computers and software applications (MSA, MS Excel, MS Word, other MS Office Suite applications, etc.) and applicable mainframe systems.
- Bachelor's degree preferred.
Qualifications
- Experience with legal documents and working with outside legal counsel; reviewing legal documents and leading negotiations is required.
- Thorough knowledge of financial accounting theory and logic, loan structuring, commercial products and services is needed for this role.
- Strong interpersonal skills and communication skills. Must have top partnering skills; the ability to interpret and discuss analytical data; and the ability to multitask and prioritize.
- Proficient with computers and software applications (MSA, MS Excel, MS Word, other MS Office Suite applications, etc.) and applicable mainframe systems.
- Bachelor's degree preferred.
Skills
- Financial analysis
- Underwriting
- Structuring of highly complex commercial banking relationships
- Legal industry experience
- Capital markets expertise
- Commercial credit training
- Financial accounting theory and logic
- Loan structuring
- Commercial products and services
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
Pay Range
$119,000.00 - $206,000.00
Schedule
Not specified
Benefits
Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
Pay Range Reflected
The pay range reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location.
Employees Support
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.
Third-Party Recordings Prohibited
Third-Party recordings are prohibited unless authorized by Wells Fargo.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Recruitment and Hiring Requirements
Third-Party recordings are prohibited unless authorized by Wells Fargo. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process. Reference Number R-557527-4