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At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses. Note: Additional OCC language is required to be added to Wholesale job openings. This language should be added at the bottom of the job description.
Wells Fargo Commercial Banking delivers a comprehensive suite of products and industry expertise to serve the diverse financial needs of companies with annual sales typically ranging from $5 million to $2 billion. As a leader in serving commercial customers, Wells Fargo offers financial services including credit and treasury management solutions as well as specialized expertise across industries including Technology, Food, Beverage & Agribusiness, Investor Real Estate and Government.
SBA (Small Business Administration) Lending is part of the Specialized Industries Group within Commercial Banking. As a whole, SBA is responsible for the production, management and servicing of approximately a $10B portfolio of government guaranteed SBA 7(A) loans and 504 real estate loans.
SBA Lending has an opportunity for a talented, highly motivated, credit savvy professional for the position of Private/Business Loan Underwriter 4 located in our Minneapolis, MN location however we are open to telecommuting.
The lending team is responsible for underwriting, approval and credit quality of a growing book of SBA business. This individual will be responsible for credit underwriting and approval activities of government guaranteed SBA 7(A) loans and 504 real estate loans in this hub.
Examine loan requests for SBA eligibility testing
Business/personal financial analysis in accordance with SBA 7A, Express and 504 loan programs
Analysis and disposition of complex business and personal financial statements and tax returns forcommercial customers and high net worth individuals
Underwriting loans with aggregate credit exposure based upon approved credit authority limits
Timely identification and documentation of adverse & key credit risk
Ability to structure credit to meet needs of both bank & borrower while minimizing credit risk
Proactive Management of accounts with closers and the sales force to minimize portfolio attrition
Investigating credit standards and determining credit worthiness of businesses
Analyzing third party reports
May perform research and analysis related to loan projects
May negotiate loan provisions
Makes sound/correct underwriting recommendations
Mentors or reviews analysis of less experienced underwriters
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.
6+ years of experience in one or a combination of the following: underwriting, financial analysis or deal structuring in financial services, private banking, corporate/investment banking, or capital markets
4+ years of commercial underwriting experience
Strong analytical skills with high attention to detail and accuracy
Commercial loan experience
Excellent verbal, written, and interpersonal communication skills
Ability to interact with all levels of an organization
A BS/BA degree or higher in accounting, finance, or economics
Strong commercial credit analysis skills
Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
Knowledge and understanding of CRM, Small Business Administration products, or Credit Origination systems
Knowledge and understanding of Small Business Administration (SBA) Standard Operating Procedures (SOP) and Policies
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
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.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo