Senior Asset Based Lending Underwriter

About this role:Wells Fargo is seeking a Senior Asset Based Lending Underwriter to execute on asset based lending opportunities for a variety of ABL clients from small to large. Clients include public companies, private equity groups, and small to mid-sized entrepreneur/privately owned businesses. Facility sizes range from $20MM to $500M+. The UW is expected to work closely with our Middle Market Bank and other line of business's under Wells Fargo Commercial Capital to build strong relationships and enhance credit and other economic opportunities with prospective customers. This individual will be responsible for independently underwriting and closing a variety of complex transactions and is expected to respond independently to large and complex issues. The Senior Underwriter works with a high degree of autonomy and serves as the leader for transactions in partnership with junior employees on all aspects of the new business transaction process.In this role, you will: Lead transactional deal team by coordinating with originations, portfolio management, credit, and product partners to underwrite, document, and close new asset-based loans for public and private companies, including sponsor-owned, ranging in size from $15 million to $1 billion+Analyze and understand collateral, historical and projected financial statements, cash flows, liquidity, relevant valuation metrics, and market significanceCoordinate and drive the scope of third-party due diligence including collateral focused field examinations; inventory, equipment, real estate, and intellectual property appraisals; environment assessments; quality of earnings review; and background investigationsDevelop and maintain a positive relationship with prospective clients throughout the underwriting processOrganize diligence meetings to assess the quality and strength of management and develop a deeper understanding of the borrower’s business, financial profile, and industryIdentify critical transactional and structural risks, complete in-depth diligence on critical focus areas, and propose situation appropriate mitigants or structuring alternativesComplete comprehensive credit approval and funding memosPresent underwritten transactions to credit and senior management in a clear and concise manner with well-reasoned supportExpertly structure loans and negotiate legal documents to ensure the transaction is appropriately documented in accordance with credit approvalManage client and internal constituents  expectations throughout the approval and loan closing process through frequent and effective communicationAccurately complete all compliance requirements including leverage lending, high risk borrowers, exception tracking, risk ratings, and financial crimesOversee seamless onboarding of new clients in coordination with Portfolio ManagementActively engage on special projects, and as a mentor to junior team membersEmployees 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. Wells Fargo Capital Finance (WFCF), a division of Wells Fargo Commercial Capital, is one of the top lead arrangers of asset-based loans in the United States with a large and diversified portfolio exceeding 3,300 customers and more than $34 billion in loans outstanding. WFCF offers traditional asset-based financing, specialized senior secured financing, accounts receivable financing, purchase order financing, and supply chain financing to a wide range of companies throughout the United States, Canada and the United Kingdom.Required Qualifications:7+ years of Secured Lending Underwriting experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, or educationDesired Qualifications:Prior asset based lending experience and strong understanding of accounting and legal documentationEffective written and verbal communication skillsAbility to work in a highly collaborative work environmentExperience with private equity firmsCross-border lending experienceBachelor’s Degree in Accounting, Business Administration, Finance or EconomicsPay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.$120,400.00 - $262,600.00Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.Health benefits401(k) PlanPaid time offDisability benefitsLife insurance, critical illness insurance, and accident insuranceParental leaveCritical caregiving leaveDiscounts and savingsCommuter benefitsTuition reimbursementScholarships for dependent childrenAdoption reimbursementPosting End Date:30 Dec 2024*Job posting may come down early due to volume of applicants.We Value DiversityAt 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.Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.Drug and Alcohol PolicyWells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.SummaryLocation: LOS ANGELES, CA; DALLAS, TXType: Full time