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Wells Fargo · 1 day ago

Senior Lead ABL Underwriter

Charlotte, NC

Full-time

Hybrid

Senior Level, Lead/Staff

$159K/yr - $279K/yr

7+ years exp

Wells Fargo is seeking a Senior Lead Secured Lending Underwriter for the Channel Finance division. This role involves independently underwriting and closing a variety of transactions while maintaining and growing client relationships in asset-based lending.

BankingFinancial ServicesFinTechInsurancePayments

Responsibilities

Lead deal teams by coordinating with Originations, Relationship Management, Credit, and Product Partners to underwrite, document, and close new and existing senior secured asset-based loans or unsecured A/R purchase facilities for public and private companies, including sponsor-owned, ranging in size from $5MM to $1Bn+

Analyze and understand collateral, historical and projected financial statements, cash flows, liquidity, relevant valuation metrics, and market significance

Coordinate and drive the scope of due diligence including collateral focused field examinations; inventory appraisals; quality of earnings review; and background investigations

Develop and maintain a positive relationship with prospective clients throughout the customer lifecycle

Organize diligence meetings to assess the quality and strength of management and develop a deeper understanding of the borrower's business, financial profile, and industry position

Identify critical transactional and structural risks, complete in-depth diligence on critical focus areas, and propose situation appropriate mitigants or structuring alternatives

Complete comprehensive credit approval and funding memos

Present underwritten transactions to credit and senior management in a clear and concise manner with well-reasoned support

Expertly structure loans and negotiate legal documents to ensure the transaction is appropriately documented in accordance with credit approval

Manage client and internal constituents expectations throughout the approval and loan closing process through frequent and effective communication

Accurately complete all compliance requirements including leverage lending, high risk borrowers, exception tracking, risk ratings, and financial crimes

Oversee seamless onboarding of new clients in coordination with Relationship Management

Actively engage on special projects, and as a mentor to junior team members

Qualification

Secured Lending UnderwritingAsset Based LendingLoan Documentation NegotiationPrivate Equity ExperienceSyndicated Credit FacilitiesCustomer Facing ExperienceRisk ManagementFinancial AnalysisCommunication Skills

Required

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