WFCC Inv Fin Underwriter 1

    • Chicago, IL

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.
Wells Fargo Commercial Capital (WFCC) combines Wholesale's secured lending businesses including Asset Backed Finance (ABF), Commercial Distribution Finance (CDF), Corporate Trust Services (CTS), Wells Fargo Capital Finance (WFCF) and Wells Fargo Equipment Finance (WFEF). This consolidated group of businesses helps customers leverage their company's assets into flexible financing solutions. WFCC is a leading contributor to Wholesales revenue, assets, and net income.
Wells Fargo Commercial Distribution Finance provides inventory financing solutions, service and intelligence through in-depth industry expertise and a commitment to customers. As a leading provider in specialized financing and servicing solutions, CDF delivers when it comes to helping facilitate the manufacturing, distribution and sale of products across a variety of industries from Power sports, Marine and Recreational Vehicles, to Outdoor Lawn & Garden, Agriculture, Technology, and Electronics & Appliances.
The WFCR Inventory Finance Underwriter is responsible for conducting routine credit investigations and determining whether to extend credit to companies across all Commercial Distribution Finance Industries.
These responsibilities will include, but not be limited to, the following:
• Gathering and reviewing routine credit information for loans
• Preparing credit reports for presentation
• Spreading financial/credit information
• Monitoring and following up on credit file conditions/ credit covenants
• Monitoring documentation exceptions, responding to customer inquiries
• Ensuring credit files are current
• Generating status reports for management/bankers
• Contacting available sources of information
• Determining whether to extend credit to qualified borrowers
Team members 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.

Required Qualifications

  • 6+ months of financial analysis experience


Other Desired Qualifications
•Experience leading and managing a team of underwriters
•10 years of experience in underwriting or portfolio management of inventory financing, commercial lending or equipment leasing products
•Analytical skills; ability to analyze unstructured/complex problems using quantitative analysis
•Ability to make and deliver presentations to executives and external clients
•Cross-functional teamwork: ability to pull together teams comprised of individuals from multiple functional backgrounds and drive results
•Leadership skills: ability to hire, train, coach and develop employees

Job Expectations
  • Ability to travel up to 10% of the time


Salary Information
The salary range displayed below is based on a Full-time 40 hour a week schedule.

IL-Chicago: Min: $46,700 Mid: $64,900

Street Address
IL-Chicago: 10 S Wacker Drive - Chicago, IL

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.



Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Wells Fargo is a diversified community-based financial services company with a vision to satisfy customer’s financial needs and help them succeed financially.

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