Asset Based Lending and Factoring Underwriter
Company: Wells Fargo
Location: Fort Lauderdale
Posted on: August 6, 2022
Job Description:
At Wells Fargo, we are looking for talented people who will put
our customers at the center of everything we do. We are seeking
candidates who embrace diversity, equity and inclusion in a
workplace where everyone feels valued and inspired. Help us build a
better Wells Fargo. It all begins with outstanding talent. It all
begins with you. About this role: Wells Fargo is seeking an Asset
Based Lending and Factoring Underwriter who will be responsible for
all aspects of the prospect transaction process including
underwriting, closing, and funding of factoring and ABL deals In
this role, you will:
- Analyze historical financial statements, cash flow statements,
and borrowing base projections
- Prepare and present credit approval memorandums to credit
committee; and overseeing the preparation, negotiation, and
execution of legal documents
- Recommend and structure financial covenants
- Order KYC and BSA due diligence
- Perform collateral analysis and industry analysis
- Coordinate and analyze audits, appraisals and background
investigation reportsRequired Qualifications
- 5+ years of Secured Lending Underwriting experience, or
equivalent experience demonstrated through one or a combination of
the following: work experience, training, military experience,
educationDesired Qualifications:
- Knowledge of asset-based lending and factoring, including
experience negotiating legal documentation.
- A BS/BA degree or higher in accounting, finance, or
economics
- Ability to work in a fast paced, deadline-driven
environment
- Excellent verbal, written, and interpersonal communication
skills
- Intermediate Microsoft Office skills
- Strong organizational, multi-tasking, and prioritizing
skills
- Financial modeling experience bankingThe salary range for
Weston is $96,600 - $171,800The salary range for NYC is $115,000 -
$206,100Pay Range$96,600.00 - $171,800.00 AnnualBenefits
- Information about Wells Fargo's employee benefits We Value
Diversity At Wells Fargo, we believe in diversity, equity and
inclusion in the workplace; accordingly, we welcome applications
for employment from all qualified candidates, regardless of race,
color, gender, national origin, religion, age, sexual orientation,
gender identity, gender expression, genetic information,
individuals with disabilities, pregnancy, marital status, status as
a protected veteran or any other status protected by applicable
law. Employees support our focus on building strong customer
relationships balanced with a strong risk mitigating and
compliance-driven culture which firmly establishes those
disciplines as critical to the success of our customers and
company. They are accountable for execution of all applicable risk
programs (Credit, Market, Financial Crimes, Operational, Regulatory
Compliance), which includes effectively following and adhering to
applicable Wells Fargo policies and procedures, appropriately
fulfilling risk and compliance obligations, timely and effective
escalation and remediation of issues, and making sound risk
decisions. There is emphasis on proactive monitoring, governance,
risk identification and escalation, as well as making sound risk
decisions commensurate with the business unit's risk appetite and
all risk and compliance program requirements. Candidates applying
to job openings posted in US: All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, disability, or status as a protected veteran.
Keywords: Wells Fargo, Fort Lauderdale , Asset Based Lending and Factoring Underwriter, Accounting, Auditing , Fort Lauderdale, Florida
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