Asset Based Lending Underwriting Senior Manager
Yesterday• Chicago, IL
About this role:
Wells Fargo is seeking a Secured Lending Underwriting Director (Underwriting Manager) for the Asset Based Lending Underwriting team, this position will oversee the Central Region and our nationwide focus on financing growing Emerging Middle Market clients. Clients include public companies, private equity groups, and privately owned businesses across a variety of industries and asset classes with a financing need of $5MM to $500MM+. This individual is expected to work closely with our Commercial Banking and other product lines of businesses to build strong relationships and enhance credit and other economic opportunities with prospective customers. The Underwriting Manager manages a geographically diverse team of professionals to support the origination and portfolio functions by focusing on structuring, underwriting, and closing of Asset Based Loans through loan funding. In addition to transactional support, the Underwriting Manager is also responsible for talent development. The individual is an experienced negotiator, underwriter, and loan closer with comprehensive product and industry knowledge.
In this role, you will:
- Effectively manage a team that performs business, financial, collateral, and industry analysis, which result in consistent, high quality new loan underwritings.
- Maintain equal focus on managing the underwriting and closing of deals in all of our product segments while ensuring that we consider the differing requirements/cost considerations of customers in these respective segments.
- Work with business development to help win and close transactions while at the same time maintaining an appropriate balance between growth and risk, particularly to build-out growth initiatives where risk may be unique to a market segment.
- Focus on customer service as the highest priority.
- Collaborate with and influence all levels of professionals, including experienced leadership.
- Embrace the Enterprise Inclusion efforts by increasing your awareness of the unique challenges faced by some of our fellow employees. Value and promote by recognizing the value of not just one, but many views.
- Develop and guide a culture of talent development to meet business objectives and strategy.
- Seek opportunities to better align our procedures and risk control development to simplify the way we do things, including the approved use of AI, taking advantage of our scale and listening and acting on our employees' ideas. Help create and document procedures, policies, controls, and infrastructure to carry out plans and strategies.
- Serve as a subject matter expert on various work streams and special projects as required from time-to-time.
- Actively contribute to Wells Fargo meeting its financial goals. Measures include revenue growth, client acquisition/retention, managing client losses, minimize operating losses and expense management. Improve the quality of our earnings through continued focus on ROE guidelines and collaborating with our internal partners to explore and execute on ancillary business opportunities that customers will find beneficial and meet their needs.
Want more jobs like this?
Get jobs in Chicago, IL delivered to your inbox every week.
- 8+ years of Secured Lending Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 4+ years of management or leadership experience
- Asset based lending experience
- Experience with financing private equity owned firms and mergers and acquisitions
- Significant customer facing experience
- Cross-border lending experience
- Significant secured lending legal loan documentation and negotiation experience of complex transactions
- Understanding of capital markets structures, documentation, and risk drivers
- 10 S Wacker Chicago, Illinois
- 125 High Street Boston, Massachusetts
- 100 N 18th Street Philadelphia, Pennsylvania
- 14241 Dallas Parkway Dallas, Texas
- Chicago, Illinois: $185,000.00-$300,000.00 Annually
#CommercialBanking
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
Salary is just one component of Wells Fargo's total rewards package. Depending on the role, a Wells Fargo's employee may be eligible for additional forms of compensation, such as sales incentives, discretionary bonuses, and/or equity in the company in the form of Restricted Stock Units (RSUs).
$185,000.00 - $300,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- 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
17 Nov 2025
* 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.
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.
Client-provided location(s): Chicago, IL
Job ID: WellsFargo-R-500766-1
Employment Type: FULL_TIME
Posted: 2025-11-01T18:08:16
Perks and Benefits
Health and Wellness
- Health Insurance
- Health Reimbursement Account
- Dental Insurance
- Vision Insurance
- Life Insurance
- FSA
- HSA
- Mental Health Benefits
- Short-Term Disability
- Long-Term Disability
Parental Benefits
- Adoption Assistance Program
- Family Support Resources
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Fertility Benefits
- Return-to-Work Program
Work Flexibility
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Volunteer Time Off
Financial and Retirement
- 401(K) With Company Matching
- Performance Bonus
- Stock Purchase Program
Professional Development
- Tuition Reimbursement
- Access to Online Courses
- Internship Program
- Associate or Rotational Training Program
- Promote From Within
- Mentor Program
Diversity and Inclusion
Company Videos
Hear directly from employees about what it is like to work at Wells Fargo.