WFCC Underwriting Officer 3

  • Green Job Crawler
  • Chicago, IL
  • 25 May, 2019

Job Description

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 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 Equipment Finance (WFEF)* is a leading bank-owned equipment leasing and finance company in the U.S. with a portfolio exceeding $48.9 billion, more than 133,000 active customers and 1,100+ team members with coverage in all 50 states and Canada. WFEF provides a full spectrum of financing and lease options for customers’ equipment and capital expenditure requirements through Wells Fargo business, commercial and corporate banking channels, relationships with equipment manufacturers and distributors and direct to market. WFEF has Industry and Asset-type specialists devoted to Construction Equipment, Commercial and Specialty Vehicles, Healthcare, Energy/Marine, Solar, Vendor Finance Programs and Corporate/Private Aircraft. The *WFEF Commercial Vehicle Group (CVG)* Program Credit Underwriter is responsible for the underwriting and management of titled vehicle vendor, leasing or finance, and third party origination programs where there is high reliance on the program counterparty. Specific responsibilities include investigation and financial analysis of program counterparties and their ability to fulfill their respective responsibilities within titled vehicle finance programs. Also responsible for understanding financial statements, program structures (recourse, servicing, etc.), vendor reporting capabilities, legal aspects of program documentation, equipment and insurance related risks, tax and accounting issues, general operational issues and procedures associated with programs, as well as understanding the credit characteristics of end users and contract structures. This position supports the CVG program approval process and rollout of programs to specific functional departments and coordinates such activities with senior Sales and Credit Management. Responsibilities include the preparation of a comprehensive write-up covering all aspects of program risk that may include risk elements related to documentation, third party servicing, end obligor credit profile, equipment collateral and operational capabilities. This is performed in coordination with multiple WFEF departments including Sales, Legal, Program Servicing, Program Audit, Contract Administration, Accounting and Equipment Management. The position is responsible for monitoring program performance and tracks, coordinates, and prepares program reviews. A key role is to support, coordinate and respond to the results of program audits that are performed by WFEF Program Audit. The position will recommend and support implementation of remedial actions resulting from program monitoring activities. The level of this position is one of the most senior staff underwriting levels within WFEF credit and candidates are expected to demonstrate strong team work and leadership skills. 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: * 5+ years of experience in one or a combination of the following: underwriting, financial analysis or deal structuring in financial services, private banking, corporate/investment banking, or capital markets Desired Qualifications: * Excellent verbal, written, and interpersonal communication skills * Strong analytical skills with high attention to detail and accuracy * Commercial loan experience * Strong understanding of financial statements and key risk factors * A BS/BA degree or higher in accounting, finance, or economics * 5+ years of commercial lending experience * Strong analytical skills with high attention to detail and accuracy * Excellent verbal, written, and interpersonal communication skills * Intermediate Microsoft Office (Word, Excel, and Outlook) skills * Ability to travel up to 25% of the time Job Expectations: * Ability to travel up to 25% of the time How to Express Interest in This Job: Wells Fargo invites you to apply for this job at 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. 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.