Senior Lead ABL Underwriter

Wells Fargo•Charlotte, NC

56d•Hybrid

About The Position

Wells Fargo is seeking a Senior Lead Secured Lending Underwriter for the Channel Finance division. Wells Fargo Channel Finance provides asset based working capital lines of credit and accounts receivable purchase facilities to technology companies across the globe with credit facilities ranging from $500M to $2.5Bn. The UW is expected to work closely with Senior Management, Relationship Management and Business Development to maintain and grow a portfolio of new and existing client relationships. This individual will be responsible for independently underwriting and closing a variety of transactions ranging in complexity.

Requirements

7+ 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

Asset Based Lending and/or Supply Chain Finance Experience
Experience with private equity firms and Syndicated credit facilities
Significant customer facing experience
Significant secured lending legal loan documentation and negotiation experience

Responsibilities

Lead deal teams by coordinating with Originations, Relationship Management, Credit, and Product Partners to underwrite, document, and close new and existing senior secured asset-based loans or unsecured A/R purchase facilities for public and private companies, including sponsor-owned, ranging in size from $5MM to $1Bn+
Analyze and understand collateral, historical and projected financial statements, cash flows, liquidity, relevant valuation metrics, and market significance
Coordinate and drive the scope of due diligence including collateral focused field examinations; inventory appraisals; quality of earnings review; and background investigations
Develop and maintain a positive relationship with prospective clients throughout the customer lifecycle
Organize diligence meetings to assess the quality and strength of management and develop a deeper understanding of the borrower's business, financial profile, and industry position
Identify critical transactional and structural risks, complete in-depth diligence on critical focus areas, and propose situation appropriate mitigants or structuring alternatives
Complete comprehensive credit approval and funding memos
Present underwritten transactions to credit and senior management in a clear and concise manner with well-reasoned support
Expertly structure loans and negotiate legal documents to ensure the transaction is appropriately documented in accordance with credit approval
Manage client and internal constituents expectations throughout the approval and loan closing process through frequent and effective communication
Accurately complete all compliance requirements including leverage lending, high risk borrowers, exception tracking, risk ratings, and financial crimes
Oversee seamless onboarding of new clients in coordination with Relationship Management
Actively engage on special projects, and as a mentor to junior team members