Lead Secured Lending Underwriter - Dealer Finance

Wells Fargo Bank•Chicago, IL

1d•Hybrid

About The Position

Wells Fargo’s Supply Chain Finance Group (“SCF”) supports companies with a broad range of supply chain solutions, including financing of Original Equipment Manufacture’s/Vendor’s sales to their Dealers and Distributors (“Floor Plan Financing”) via our Inventory Finance Group. SCF is seeking a dynamic, results oriented, Lead Secured Lending Underwriter to underwrite the Floor Plan Programs offered to our vendor and dealer partners. In this role, you will: Underwrite the Vendor/Dealer creditworthiness and program terms in accordance with corporate policies, Inventory Finance Standard Operating procedures and adherence to compliance requirements. Gather a clear understanding of the various legal documents associated with the client and programs. As well as negotiation of the document terms with the client. Lead periodic performance and risk rating reviews of the Vendor/Dealer partners. Lead meetings and discussions with senior leaders/approvers, commercial team, legal team, other Wells Fargo Lines of Business with a relationship with our client and other stakeholders. Collaborate and consult with underwriting peers, colleagues, and managers to resolve issues and achieve goals. Participate in and lead SCF projects. Serve as a mentor to junior teammates.

Requirements

5+ years of Secured Lending Underwriting experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

3+ years of lending experience either floor plan financing, cash flow, asset-based, or securitization lending.
Strong analytical skills, with heightened attention to detail and accuracy, recognizing importance of data integrity and adherence to credit policies and procedures.
Strong verbal and written communication skills and ability to work effectively with internal stakeholders and clients.
Working knowledge of various secured lending programs and structures.
Advanced Microsoft Office (Excel, Word, PowerPoint) skills.

Responsibilities

Underwrite the Vendor/Dealer creditworthiness and program terms in accordance with corporate policies, Inventory Finance Standard Operating procedures and adherence to compliance requirements.
Gather a clear understanding of the various legal documents associated with the client and programs.
Negotiate the document terms with the client.
Lead periodic performance and risk rating reviews of the Vendor/Dealer partners.
Lead meetings and discussions with senior leaders/approvers, commercial team, legal team, other Wells Fargo Lines of Business with a relationship with our client and other stakeholders.
Collaborate and consult with underwriting peers, colleagues, and managers to resolve issues and achieve goals.
Participate in and lead SCF projects.
Serve as a mentor to junior teammates.