Senior Underwriter

    • Manila, Philippines

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description
About Wells Fargo Philippines

Wells Fargo Philippines enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Operations, Risk and Compliance, Project Management, Finance & Accounting and Data Analytics. We operate in Taguig City, Metro Manila.
About the Department

Wells Fargo Commercial Banking delivers a comprehensive suite of products and industry expertise to serve the diverse financial needs of companies with annual sales typically ranging from $5 million to $2 billion. As a leader in serving commercial customers, Wells Fargo offers financial services, including credit and treasury management solutions, as well as specialized expertise across industries including Technology, Food, Beverage & Agribusiness, Investor Real Estate, Government, and Small Business Administration Lending. With more than 6,000 team members across 24 divisions and 80 markets nationwide, Commercial Banking provides customers with local service and decision making.

The Wells Fargo Philippines & India Underwriting and Annual Reviews team, as directed by the onshore Underwriting team, will assist with some or most of the underwriting functions on a new deal including performing due diligence on the company, management and industry, assessing the financial health of the prospective client (Prospect), understanding the company's collateral assets, completing the compliance due diligence, preparing underwriting memos to present to credit committee for approval, and setting up the account in the system of record

About the Role
Internally known as Asset Based Lending Underwriter 2. The work involves performing Financial Analysis, preparing the financing memorandum, structuring & closing ABL transactions, handling a variety of complex transactions. Works independently on moderately to complex issues and projects. Responsible for analyzing complex companies and industries, conducting credit analysis such as assigning credit rating for portfolios.


  • Responsible for performing financial analysis, calculating financial covenants, calculating yield, performing industry analysis, performing revenue analysis and preparing the financing memorandum
  • Supporting origination function by focusing on the credit write-up process, structuring and closing ABL transactions
  • Responsible for independently handling a variety of complex transactions.
  • Response independently to large and complex issues.
  • Experienced negotiator, underwriter, Loan closer with complex account Mgmt. experience
  • Works under senior staff on more large and complex transactions
  • Has comprehensive product and industry knowledge
  • Responsible for analyzing complex companies and industries, conducting credit analysis such as assigning credit rating for portfolios as well as underwriting, and providing reliable QC of junior team members' work depending on requirement.
  • Includes end to end responsibility of completing the request received from client includes financial spreading in credit analysis tool, analyzing financial statements, identification of trend and provide financial commentaries on cause and effect on identified trend as per business requirement
  • Responsible to complete Pro forma adjustments based on the projected financial information for assigning credit rating for underwriting requests
  • Responsible for Industry analysis, Internal and external risk factors of the borrower and more importantly a superior business writing and good communication skills.
  • Should be able to analyze Company's management and equity sponsors' strength & weaknesses.
  • Responsible for assessing the repayment capacity of the highly leveraged Borrower's.

Market Skills and Certifications
Essential Qualifications
  • Bachelor's Degree, equivalent
  • 6+ years of experience in one or a combination of the following:
    End to end credit lending services for commercial loans, credit underwriting specialized senior secured financing, accounts receivable financing and purchase order financing to companies and use qualitative and quantitative metrics to arrive at Rating of Borrowers
  • Min 6+years of experience in assessing credit worthiness of the borrowers based on qualitative and quantitative factors
  • Distinguishes between critical and irrelevant pieces of information. Gathers information from a variety of sources to reach a conclusion.
  • Working Knowledge of Credit Products life cycle specially on commercial loan products
  • Ability to prepare internal memorandums while identifying and mitigating risk
  • Strong knowledge of preparation and analysis of projected and proforma based financial statements
  • Strong knowledge on GAAP Accounting / International Financial Reporting Standards
  • Sound knowledge of ratio analysis, cash flow, and trend analysis
  • Should have experience of Financial spreading across all the Industries
  • Ability to read & analyze financial statements.
  • Should be able to handle subjectivity in the financial analysis and substantiate with reasons
  • Proficient and advanced ability with US business writing skills
  • Excellent communication skills
  • Excellent knowledge of MS office application
  • Should be flexible to stretch as per business requirement
  • Amenable to work night shift

We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

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