Senior Secured Lending Underwriter - Dealer Finance
About The Position
Wells Fargo’s Supply Chain Finance group provides working capital and financing solutions to manufacturers, vendors, dealers, and distributors. Within this group, the Inventory Finance team offers floor plan financing programs that help dealers and distributors finance inventory purchases from equipment manufacturers and vendors. The Senior Secured Lending Underwriter supports the Inventory Finance business by underwriting and managing complex floor plan financing programs across a portfolio of vendor and dealer relationships. The role evaluates customer creditworthiness, structures financing solutions, assesses program risk, and influences credit decisions while maintaining a strong risk and control environment. The position offers a hybrid work schedule and requires willingness to work on-site at the stated location. It is not eligible for Visa sponsorship. Employees may be considered for discretionary bonuses, Restricted Share Rights, or other long-term incentive awards. Specific compliance policies may apply to outside activities or personal investing. The advertised base pay range is $100,000 to $196,000.
Requirements
- At least 4 years of secured lending underwriting experience, or equivalent demonstrated through work experience, training, military experience, education.
- Strong analytical skills, attention to detail, and accuracy, including awareness of data integrity and adherence to credit policies and procedures.
- Strong verbal and written communication skills and the ability to work effectively with internal stakeholders and clients.
- Willingness to work on-site at the stated location.
- Must meet Wells Fargo recruiting and hiring requirements, including directly representing one’s own experiences.
Nice To Haves
- At least 3 years of lending experience in floor plan financing, cash flow, asset-based, or securitization lending.
- Working knowledge of secured lending programs and structures.
- Advanced Microsoft Office skills, including Excel, Word, and PowerPoint.
Responsibilities
- Lead credit underwriting for new transactions and annual reviews for an assigned portfolio of accounts.
- Review customer financial statements, identify trends and ratios, and highlight key risks and mitigants.
- Assess customer creditworthiness using qualitative and quantitative factors.
- Exercise independent judgment to guide medium-risk deliverables.
- Recommend resolutions for complex situations and apply independent judgment while developing expertise in underwriting policies, procedures, and compliance requirements.
- Collaborate and consult with underwriting colleagues, internal partners, stakeholders, and internal and external customers.
- Execute applicable risk programs and follow relevant company policies and procedures, including escalating and remediating issues as appropriate.
Benefits
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
- Potential discretionary bonus, Restricted Share Rights, or other long-term incentive awards
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
