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.

In this role, you will:

• Lead deal teams by coordinating with Originations, Relationship Management, Credit, and Product partners to underwrite, document, and close new and existing senior secured asset-based loans and unsecured accounts receivable purchase facilities for public and private companies, including sponsor-owned companies, ranging in size from $5MM to $3B.
• Analyze collateral, historical and projected financial statements, cash flows, liquidity, relevant valuation metrics, and market position.
• Coordinate 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.
• Review and 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.

Required Qualifications, US:

• 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
• This 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. Information will be shared about expectations during the recruitment process

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells 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.