Associate, Sponsor Credit - Technology Finance

Wells Fargo•Boston, MA

2d•$92,000 - $145,000•Hybrid

About The Position

Wells Fargo is seeking an Associate to join its Technology Finance team within the Commercial Bank’s Sponsor Credit group. The Associate will be part of a dedicated team responsible for underwriting and portfolio management in the software and technology vertical, focusing on technology-oriented and primarily sponsor-backed clients. Working in partnership with a senior portfolio manager, the Associate will support credit underwriting and portfolio management, including due diligence, financial and credit analysis, modeling, monitoring, industry analysis, enterprise valuation, and preparation of credit memoranda. The role includes regular client interaction and relationship management, collaboration with commercial and investment banking partners, and participation in client meetings and relationship planning. The Associate will review credit agreements and other loan documentation and assist with legal diligence and negotiation, developing proficiency over time in structuring, negotiating, and documenting facility agreements. The role also involves presenting credit and financial analysis to business leadership and independent risk management, participating in strategic and efficiency-focused initiatives, and collaborating with peers and functional partners. The Associate is expected to use internal generative AI platforms to improve efficiency and apply best practices. The position offers a hybrid work schedule and may require travel up to 10% of the time. It is not eligible for visa sponsorship and is subject to FINRA background screening and ongoing regulatory obligations. The listed location is 125 High St, Boston, MA 02110. The base pay range is $92,000 to $145,000, and employees may also be eligible for incentive opportunities.

Requirements

At least 2 years of Mid-Corporate Portfolio Management experience, or equivalent demonstrated through work experience, training, military experience, education.
Ability to travel up to 10% of the time.
Successful completion of a background check prior to hire and compliance with applicable ongoing regulatory obligations, including FINRA-related requirements.

Nice To Haves

Experience in sponsor finance at a commercial bank, investment bank, or finance company.
Excellent proficiency in accounting and financial modeling.
Strong analytical skills, with heightened attention to detail and accuracy.
Strong verbal and written communication skills.
Ability to work in a fast-paced, deadline-driven environment.

Responsibilities

Assist a senior portfolio manager with portfolio management and credit underwriting for an assigned portfolio of technology-focused, primarily sponsor-backed clients.
Perform transaction due diligence, financial analysis and modeling, credit analysis and monitoring, industry analysis, enterprise valuation, and credit memorandum preparation.
Interact with clients and manage relationships with CEOs, CFOs, and private equity sponsors for assigned portfolio companies.
Collaborate with commercial and investment banking partners to develop and execute relationship plans, and participate in relevant meetings.
Review credit agreements and other loan documentation and assist with legal due diligence and negotiation.
Develop proficiency in structuring, negotiating, and documenting facility agreements.
Present credit and financial analysis to business leadership and independent risk management in portfolio reviews, pre-screen discussions, and credit or approval committees.
Participate in business and enterprise-wide strategic initiatives and specialized projects to improve team efficiency and effectiveness.
Collaborate with peers and functional partners to develop internal relationships that support role effectiveness.
Leverage internal generative AI platforms to improve efficiency and apply best practices.
Fulfill applicable risk program, policy, compliance, monitoring, governance, escalation, and remediation obligations.