About this role:Wells Fargo is seeking a credit analyst to join the East credit risk team of Wells Fargo Commercial Auto (WFCA) to support Portfolio Managers by providing research, analysis, and underwriting on extensions of direct and indirect credit exposure.
WFCA provides a comprehensive suite of products and services to serve the diverse financial needs of local and national auto dealers. Financing solutions provided by Commercial Auto include floor plan financing and financing for acquisitions, commercial real estate, and working capital. WFCA also provides a wide range of Commercial Banking products and services, including deposit and Treasury Management products and services.
The credit risk team is part of the client-facing front line team responsible for underwriting credit transactions and modifications to existing loans; monitoring existing relationships for adherence to credit and regulatory policies, regulations, and procedures; negotiating loan terms and legal documents; and ongoing monitoring of the loan portfolio. General responsibilities in this role include working with Portfolio Managers (PMs), Relationship Managers (RMs), and Independent Risk Management (IRM) as well as other internal and external partners to originate, monitor, and grow relationships.
In this role, you will:- Research complex financial, company, and credit information for commercial businesses according to business unit standards.
- Assist with credit analysis, industry and business risk analysis, financial modeling and projections, and loan documentation review in support of loan structuring decisions and determining creditworthiness for Middle Market to Corporate-sized auto dealership groups.
- Assist with collateral analysis including review of real estate due diligence and adherence with related internal policies and external regulations.
- Perform assigned credit risk activities under the guidance of Portfolio Managers including underwriting and origination, loan renewals, annual reviews, and portfolio monitoring.
- Assist with coordinating deal team activity in support of credit approval process.
- Exercise independent judgement while developing understanding of function, policies, procedures, and compliance requirements.
- Collaborate and consult with internal and external stakeholders to understand credit needs and represent the bank in developing and maintaining client relationships.
- Participate in meetings with customer/prospects along with Portfolio Manager and/or Relationship Manager to gather and analyze information relating to credit requests.
Required Qualifications:- 2+ years of Commercial Banking Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:- Commercial auto underwriting experience and/or familiarity with auto finance industry.
- 3+ years of commercial banking experience.
- Knowledge and understanding of underwriting or evaluating commercial credit
- Knowledge and understanding of financial analysis, statements and accounting concepts
- Strong analytical skills with high attention to detail and accuracy
- Strong verbal, written, and interpersonal communication skills
- Ability to present to decision makers and customers in a professional and confident manner
- Intermediate Microsoft Office skills, including using Excel for financial analysis and projection modeling
- A BS/BA degree or higher
Job Expectations:- Ability to travel up to 5% of the time
- This position offers a hybrid work schedule with 4 days in the office at one of the stated locations
@RWF22
Posting End Date: *Job posting may come down early due to volume of applicants. We Value DiversityAt 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, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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