Senior Lead ABL Underwriter – Executive Director
Wells Fargo
full-time
Posted on:
Location Type: Hybrid
Location: Charlotte • Illinois • North Carolina • United States
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Salary
💰 $159,000 - $279,000 per year
Job Level
About the role
- 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
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
- 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
Benefits
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Applicant Tracking System Keywords
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Hard Skills & Tools
secured lending underwritingasset based lendingsupply chain financefinancial statement analysisdue diligencecredit approvalloan structuringlegal documentationnegotiationrisk assessment
Soft Skills
relationship managementcommunicationteam leadershipclient managementmentoringorganizational skillsproblem solvinganalytical thinkingpresentation skillscollaboration