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About this role:
Wells Fargo is seeking a Commercial Valuations Specialist in in Asset Monitoring Borrowing Base Team as part of Commercial Banking Operations division. Learn more about our career areas and lines of business at wellsfargojobs.com. The Asset Monitoring Borrowing Base team is responsible for monitoring and analyzing our borrower's financial reporting used as collateral relying heavily on accounting processes and financial analysis.
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In this role, you will:
- Be responsible for the completion of valuation estimates and appraisal reviews of inventory, machinery, and equipment
- Own the third party appraisal process, review and analyze inventory, machinery, equipment, and intangible asset appraisals performed by third party firms
- Summarize third party analyses for review by credit, underwriting, and portfolio management
- Review and analyze basic business, operational, or technical assignments or challenges that require research, evaluation, and selection of alternatives
- Exercise independent judgement to guide medium risk deliverables within Commercial Valuations functional area
- Present recommendations for resolving more complex situations
- Exercise independent judgement while developing expertise within Commercial Valuations functional area, policies, procedures and compliance requirements
- Collaborate and consult with Commercial Valuations colleagues, internal partners, and stakeholders, including internal as well as external customers
- 2+ years of Commercial Valuations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Highly refined and professional verbal and written communications
- Advanced Microsoft Excel skills
- A BS/BA degree or higher in accounting, finance, or economics
- Accounting or finance experience
- Underwriting experience
- Commercial underwriting experience
- Ability to review and interpret complex commercial loan documents
- Knowledge and understanding of asset based lending or commercial lending
- Strong analytical skills with high attention to detail and accuracy
- 1+ year of Asset Based Lending Experience, including but not limited to understanding of accounts receivable and accounts payable common to asset based lending.
- 1+ year of financial reporting experience
20 May 2024
*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.
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 .
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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.