Lead Wealth Underwriter - Specialty Finance Group

Wells Fargo•St. Louis, MO

1d•$119,000 - $206,000•Onsite

About The Position

Wells Fargo is seeking a Lead Wealth Underwriter in Banking, Lending, & Trust (BL&T), a center of excellence within Wealth & Investment Management. The role is part of the Specialty Finance Group (SFG) credit team, which provides custom credit solutions to High Net Worth, Ultra High Net Worth, and Family Office clients. SFG offers credit secured by securities-based lending, including ESOP Qualified Replacement Property loans, and by complex or unique collateral such as aircraft, unsecured and concentrated or restricted stock positions, LLC interests, and other non-traditional collateral. The Underwriter leads lending opportunities from initial client discussions and letters of intent through underwriting and final closing. The role analyzes and structures complex credit relationships, advises clients in partnership with Custom Credit Bankers, monitors the existing portfolio, and provides leadership on complex initiatives across a large geographic region. The position exercises independent judgment with no direct supervision and provides guidance to others. The role is based at one of the listed Wells Fargo locations in Charlotte, Minneapolis, Irving, Saint Louis, or Chandler. It is not eligible for visa sponsorship.

Requirements

At least 5 years of Wealth Underwriting experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination of these.
Ability to take initiative and work independently with minimal supervision in a structured environment.
Ability to exercise independent judgment and use creative problem-solving techniques.
Excellent verbal, written, and interpersonal communication skills.
Knowledge and understanding of credit policy, compliance, underwriting, structuring, and documenting credit facilities.
Basic Microsoft Office skills, including Outlook, Excel, Word, PowerPoint, Teams, and SharePoint.

Nice To Haves

At least 5 years of combined experience in financial analysis, underwriting, and structuring highly complex high-net-worth consumer and commercial relationships.
Experience with estate lending facilities and understanding of trust and estate structures.
Experience executing derivatives to manage interest-rate risk on lending facilities.
Experience with marketable-secured lending facilities.
Experience with aircraft lending.
Experience with criticized or classified credits.
Knowledge and understanding of sales and client management processes.
Knowledge and understanding of FIS Optimist or Moody's Risk Analyst.

Responsibilities

Perform financial analysis and underwrite and structure Custom Credit Banking relationships, including analysis of business financial statements and tax returns where applicable.
Complete efficient, timely analysis and underwriting of complex borrower, financial, and collateral circumstances.
Structure credit and communicate recommendations verbally and in writing.
Drive private banking credit execution to deliver high-quality custom credit solutions to existing and new clients while meeting regional goals for asset quality, banking revenue, and profitability.
Monitor the existing portfolio regularly and communicate findings and recommended solutions to management in a timely manner to support credit risk management and satisfactory credit portfolio examinations.
Meet with clients alongside a Custom Credit Banker in a client advisory role and participate in credit negotiations as required.
Collaborate and consult with more experienced management and regional teams to complete work on time and track progress.
Lead complex initiatives within a large geographic region to deliver high-quality custom credit solutions with broad impact.
Provide leadership and guidance to others.
Exercise independent judgment and work without direct supervision.