Job Abstract

About this role:

Wells Fargo is seeking a Senior Lead Secured Lending Underwriter to support Customer Credit within Global Receivables & Trade Finance (GRT). Reporting to the GRT Head of Customer Credit, this role will help Wells Fargo clients preserve their capital and stabilize cash flows by providing protection against their commercial customers’ inability to pay for products or services. The team member in this role will use a credit mindset to navigate the difficulties of mitigating risk, while satisfying client needs.

This role requires a thorough understanding of factoring from a Customer Credit perspective and supports the GRT team by performing credit analysis for a large portfolio and assessing and communicating risk quickly and efficiently.

In this role, you will:

• Deliver results that align with Commercial Banking and Commercial Banking line of business priorities and that satisfy Commercial Banking stakeholders and Wells Fargo’s risk management priorities and commitments.
• Use their financial acumen to ensure business financial goals and objectives are met and managed by actively partnering with finance and leading team responsible for developing and executing plans linked to business line growth and profitability objectives.
• Evaluates credit actions according to applicable regulations, procedures, and guidelines. Reviews financial statements, communicates with clients or account debtors, and performs analysis to be used in credit decisions.
• Utilize sole delegated credit approval authority to perform credit decisioning on both individual credit orders and larger client lines with a maximum limit of $1MM.
• Collaborate with legal counsel and internal Operations to ensure the accurate documentation, reporting, and collection of collateral and/or credit enhancements.
• Communicate with Collections, external counsel, and account debtors to ensure accurate monitoring and timely payment of client invoices.
• Proactively monitor account debtor exposure trends (i.e. financials, risk ratings, trade reports, industry reports, and payment trends) to assess the need to decrease or exit exposure in order to limit write-offs.
• Review legal documentation such as letters or credit, non-disclosure agreements, cash collateral agreements, and cross-corporate guarantees to ensure applicable terms, and requirements are incorporated and adhered to.
• Provide guidance to junior associates on credit and industry trends, and product knowledge as applicable.

Required Qualifications:

• 7+ 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:

• 7+ years of relevant experience in commercial banking, commercial lending, credit management and analysis earned in a banking setting or shared service environment
• Experience in Choice
• Knowledge of Commercial Banking Underwriting Practices
• Excellent Communication Skills
• Experience in Stakeholder Management
• Excellent MS Office Skills particularly on MS Excel
• Have good understanding of Financial Statements and activities relating to Financial/Credit Analysis
• Experience in negotiating and comprehension of legal documents (i.e. letters of credit, non-disclosure agreements, cross-corporate guarantees, collateral agreements, etc.)
• Ability to multi-task and work on a variety of time-sensitive tasks / meet deadlines.

Job Expectations:

• This position offers a hybrid work schedule
• Ability to work on-site at one the posted work location

Compensation Range:

138,500.00 - 287,600.00 USD - New York and LA

Pay Range

Posting End Date:

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

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 US: 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.

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.