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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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