Alternative Investments Financing Lead Wealth Underwriter

Wells Fargo•St. Louis, MO

4d•$119,000 - $224,000•Hybrid

About The Position

Wells Fargo is seeking a Lead Wealth Underwriter in the Banking, Lending, & Trust's (BL&T) center of excellence within Wealth & Investment Management (WIM). BL&T is a center of excellence that brings teams and functions across WIM’s consumer businesses under a common, WIM-level organization. The Underwriter will be on the Alternative Investments Financing team providing custom credit solutions focused on credit delivery to Private Capital and Hedge Fund Managers, as well as to family offices and Ultra High Net Worth individuals with significant Private Capital and Hedge Fund investment portfolios.

Requirements

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

Nice To Haves

A background in wealth, commercial, or corporate lending/underwriting.
Familiarity with esoteric collateral with emphasis on alternative assets, as well as illiquid stock, life insurance, art, etc.
Thorough knowledge of financial accounting theory and logic, loan structuring, and banking products and services
Excellent credit skills: ability to develop, negotiate, and document a broad range of loan types, structures, and complex requests
Demonstrated ability to make sound, independent business and credit decisions
Ability to independently negotiate/structure legal documents with the use of external counsel.
Strong interpersonal communication skills and partnering skills

Responsibilities

Maintain a subject matter expertise in the Alternatives Asset industry, to include Private Capital and Hedge Funds
Perform financial analysis and underwriting and structuring of highly complex Custom Credit Banking relationships secured by Alternative Assets. The foregoing may include analyzing business financial statements and tax returns
Responsible for the efficient and timely analysis and underwriting of highly complex borrower, financial and Alternative collateral circumstances
Responsible for highly complex credit structuring and communicating recommendations verbally and in writing
Drive private banking credit execution to deliver high quality custom credit solutions to existing and new clients while meeting goals for asset quality, banking revenue, and profitability
Regularly monitor existing portfolio and communicate findings and recommended solutions to management in a timely manner. This will assist with leadership decisions in credit risk management and ensure credit portfolio satisfactory risk exams
Meet with clients in partnership with a Custom Credit Banker in a client advisory role and in credit negotiations, as required
Collaborate and consult with more experienced management and regional teams on the timely completion of work and progress
Lead complex initiatives within a large geographical region to deliver high quality custom credit solutions with broad impact
Provide leadership and guidance to others
Exercise independent judgment and work with no direct supervision