Job Listings

ABL Underwriter

Posted on: January 18, 2019

Wells Fargo

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ABL Underwriter
Los Angeles

Wells Fargo Capital Finance (WFCF) is one of the top lead arrangers of asset-based loans in the U.S. with a large and diversified portfolio of close to 2,500 customers and $37 billion in loans outstanding. Capital Finance offers traditional asset-based financing, specialized senior secured financing, accounts receivable financing, purchase order financing, and supply chain financing to a wide range of companies throughout the United States, Canada and the United Kingdom.

The Position:

The ABL Underwriter will be responsible for all aspects of the prospect transaction process including underwriting, closing, and funding of factoring and ABL deals. Primary prospect transaction responsibilities include: coordinating and analyzing audits, appraisals and background investigation reports; analyzing historical financial statements, cash flow statements, and borrowing base projections; recommending and structuring financial covenants; performing collateral analysis and industry analysis; preparing and presenting credit approval memorandums to credit committee; and overseeing the preparation, negotiation, and execution of legal documents. Throughout the process, the Underwriter will interface with Originations, Portfolio, Operations, Field Exam, Compliance, Customer Credit, 3rd Party Appraisal Firms, 3rd Party Law Firms, 3rd Party Accounting Firms, and other WF LOB’s (e.g., Middle Market Banking).

The Candidate:

5+ years of commercial lending and underwriting experience.

Interested candidates can visit wellsfargo.com/careers and search by Job ID# 5454562 to apply or contact Charles LaManna, Senior Recruiter for Wells Fargo Capital Finance at 646-728-3271 or Charles [dot] LaManna [at] wellsfargo [dot] com.

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2019 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.