Underwriter jobs in United States, Illinois, Chicago

This job is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for complex transactions with limited supervision. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance.

Responsibilities:

• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
• Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements

Required Qualifications:

• 3+ years of Commercial Credit and/or Commercial Leasing/Equipment Finance experience

Desired Qualifications:

• Undergraduate degree in finance or accounting; MBA preferred.
• Experience in the analysis and structuring of complex transactions
• Strong credit and risk analysis skills
• Strong presentation, structuring and financial statement analysis skills
• Proven ability to analyze, interpret and negotiate third party documentation
• Proven ability to identify trends and emerging risks in underwriting and client selection

Skills:

• Attention to Detail
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Credit Documentation Requirements
• Credit and Risk Assessment
• Financial Forecasting and Modeling
• Recording/Organizing Information
• Business Acumen
• Collaboration
• Collateral Management
• Loan Structuring
• Prioritization

High School Diploma / GED / Secondary School or equivalent

In this role, you will:

• Underwrite the vendor’s creditworthiness and program terms in accordance with corporate policies, Inventory Finance Standard Operating procedures and adherence to compliance requirements.
• Gather a clear understanding of the various legal documents associated with the vendor and programs. As well as negotiation of the document terms with the vendors.
• Lead periodic performance reviews of the vendor partners.
• Lead meetings and discussions with senior leaders/approvers, commercial team, legal team, other Wells Fargo Lines of business with a relationship with our vendor partner and other stakeholders.
• Collaborate and consult with underwriting peers, colleagues, and managers to resolve issues and achieve goals.
• Participate in and lead SCF projects.
• Serve as a mentor to junior teammates.

Required 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, education.

Desired Qualifications:

• 3+ years of lending experience either floor plan financing, cash flow, asset-based, or securitization lending
• Strong analytical skills, with heightened attention to detail and accuracy, recognizing importance of data integrity and adherence to credit policies and procedures.
• Strong verbal and written communication skills and ability to work effectively with internal stakeholders and clients.
• Working knowledge of various secured lending programs and structures.
• Advanced Microsoft Office (Excel, Word, PowerPoint) skills

Location:

• 10 S Wacker Drive Chicago, Illinois 60606
• 550 S Tryon St Charlotte, NC 28202
• 1100 Abernathy Road Atlanta, GA 30328
• 5000 Riverside Road Irving, Texas 75039

U.S. only – Pay Range:

• Chicago, Illinois:$153,000.00-$239,000.00annually

Actual salary is determined by location, experience and qualifications of the job.

May be considered for a discretionary bonus, Restricted Share Rights, or other long-term incentive awards.

Pay Range

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

This job is responsible for performing real estate deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a real estate credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.

This postion can be filled as a Sr. Underwriter or Underwriter

Responsibilities:

• Leads the underwriting of secured and unsecured transactions to Real Estate Corporate Banking clients, including real estate secured construction and term debt, tunsecured corporate revolvers, bridge financing.
• Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process
• Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings.Occasional travel for client meetings and project tours.
• Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing
• Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans for approval, and presents SERs at quarterly SER meetings

Required Qualifications:

• 3+ years of Commercial Real Estate Credit/Underwriting experience
• Experience analyzing and interpreting commercial real estate financial statements
• Must have financial modeling experience

Desired Qualifications:

• 5+ years of Commercial Real Estate industry and Commercial Real Estate Credit experience
• Bachelor’s degree in finance, accounting or related major

Skills:

• Credit and Risk Assessment
• Customer and Client Focus
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Attention to Detail
• Collateral Management
• Due Diligence
• Oral Communications
• Interpret Relevant Laws, Rules, and Regulations
• Legal Structures and Legal Forms
• Loan Structuring
• Prioritization

Job Description:

• Job Description:
  This job is responsible for performing real estate deal analysis, preparing supporting deal justification, and processing approvals. Key responsibilities include underwriting aspects of a real estate credit transaction (e.g., construction debt, term debt, and tax credit equity) for all product types, performing material modifications to existing facilities, and advising the Commercial Real Estate Banking portfolio group on any post closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.

  Responsibilities:

  • Leads the underwriting of secured and unsecured transactions to Real Estate Corporate Banking clients, including real estate secured construction and term debt, tunsecured corporate revolvers, bridge financing.
  • Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process
  • Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely and client-centric loan closings.Occasional travel for client meetings and project tours.
  • Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, gaining approval, and closing
  • Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans for approval, and presents SERs at quarterly SER meetings

  Required Qualifications:

  • 3+ years of Commercial Real Estate Credit/Underwriting experience
  • Experience analyzing and interpreting commercial real estate financial statements
  • Must have financial modeling experience

  Desired Qualifications:

  • 5+ years of Commercial Real Estate industry and Commercial Real Estate Credit experience

  • Bachelor’s degree in finance, accounting or related major

  Skills:

  • Credit and Risk Assessment
  • Financial Analysis
  • Underwriting
  • Written Communications
  • Analytical Thinking
  • Attention to Detail
  • Customer and Client Focus
  • Due Diligence
  • Oral Communications
  • Collateral Management
  • Interpret Relevant Laws, Rules, and Regulations
  • Legal Structures and Legal Forms
  • Loan Structuring
  • Prioritization

About this role:

This individual will be responsible for underwriting and closing a variety of moderately complex transactions with moderate support and oversight.

In this role, you will:

• 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

Required 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, education

Desired Qualifications:

• Asset Based Lending and/or Supply Chain Finance experience
• Experience with private equity firms
• Customer facing experience
• Secured lending legal loan documentation and negotiation experience

Job Expectations:

• This position is not eligible for Visa sponsorship

• This position offers a hybrid work schedule

• Willingness to work on-site at stated location on the job opening.

• Specific compliance policies may applyregardingoutside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process

Pay Range

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

Job Description:

Job Description:

This job is responsible for performing commercial real estate credit analysis, preparing supporting deal justification, and closing credit facilities. Key responsibilities include underwriting aspects of real estate credit transaction (e.g., construction loan, term loan, revolving credit facility) for all product types, due diligence processes, performing material modifications to existing facilities, and advising the portfolio/coverage teams on any post-closing credit actions as needed. Job expectations may include driving operational excellence and influencing leaders, peers, and clients.

Responsibilities:

• Leads the loan underwriting for Real Estate Commercial Banking clients, including term debt, lines of credit, construction and bridge loan opportunities.

• Performs the requisite due diligence once a credit opportunity is mandated, preparing the approval request documents, receiving final loan approval on a timely basis, and participating in the loan closing process.

• Collaborates with the client, relationship coverage team, and product partners, as applicable, to facilitate timely, client-centric loan closings. Occasional travel for client meetings and project tours also required.

• Leads the end-to-end process for loan modifications and extensions on existing loans including structuring, due diligence, approval, and closing.

• Completes Scheduled Exposure Reviews (SERs) and Risk Rating Scorecards for adversely risk rated loans. Underwriter then presents SER at quarterly SER meetings.

• Proactive management of many parties involved in a closing

Required Qualifications:

• 3+ years of Commercial Real Estate Credit experience.

• Experience analyzing and interpreting commercial real estate financial statements.

• Must have financial modeling experience.

Desired Qualifications:

• Bachelor’s degree in finance, accounting or related major

• 5+ years of Commercial Real Estate industry and Enterprise Credit experience

Skills:

• Credit and Risk Assessment
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Attention to Detail
• Customer and Client Focus
• Due Diligence
• Oral Communications
• Collateral Management
• Interpret Relevant Laws, Rules, and Regulations
• Legal Structures and Legal Forms
• Time Management and Prioritization
• Collaboration

Job Description:

Job Description:

The UW is responsible for underwriting and structuring of credit transactions. The UW is able to underwrite credit transactions with minimal oversight from the Credit Officer (CO) and also approves complex credit transactions with some coaching from the CO/Commercial Credit Manager (CCM). The UW leads the credit approval process with assistance from the CCM as needed for clients without CO coverage and is an active participant with the CO in credit approval process for complexUWs may call on credit clients and prospects in partnership or independently with the RM and/or CO as appropriate. Provides ongoing management and primary accountability for a portion of the monitoring and maintenance activities on an assigned portfolio or market, including a higher composition of complex client relationships. They monitor clients operating performance and financial condition to proactively identify issues and opportunities. They deliver financial, industry, economic and other analysis to facilitate decision making, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The UW's provide ongoing coaching and support to other Credit team members. They report to CCM and partner closely with COs.

Responsibilities:

• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
• Delivers financial modeling, loan structure, industry, economic, and other analysis to team members to support the loan decision-making process
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements

Skills:

• Attention to Detail
• Credit and Risk Assessment
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Credit Documentation Requirements
• Financial Forecasting and Modeling
• Recording/Organizing Information
• Business Acumen
• Collaboration
• Collateral Management
• Loan Structuring
• Prioritization

Required Qualifications:

• 3+ years of solid experience in Commercial Banking performing financial analysis, structuring, underwriting and portfolio management

• strong communication and analytical/technical skills, including financial accounting, modeling and loan structuring.

Desired Qualifications:

• Participate with RM or CO's to negotiate Credit Agreements & loan documents, as needed.

• Be knowledgeable of the closing process & timeline for all types of loans (i.e. real estate, revolvers, etc.)

• BA/BS Desired