Alternative Investments Financing Senior Lead Wealth Underwriter

Benefits

Additional Information

About this role: 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. Working at Wells Fargo | Jobs and Careers at Wells Fargo (wellsfargojobs.com) Wells Fargo is seeking a Senior Lead Wealth Underwriter in the Banking, Lending, & Trust's (BL&T) center of excellence within Wealth & Investment Management (WIM). As part of its vision for a flatter, more nimble organization that is easier to do business with, WIM has created horizontal functions known as centers of excellence to support all client coverage channels. BL&T is a center of excellence that brings teams and functions across WIM's consumer businesses under a common, WIM-level organization. The Underwriter will be on the Alternative Investments Financing team providing custom credit solutions focused on credit delivery to Private Capital and Hedge Fund Managers, as well as to family offices and Ultra High Net Worth individuals with significant Private Capital and Hedge Fund investment portfolios. In this role, you will: Perform diligence, analysis and underwriting of alternative investment funds which are the form of collateral or part of the custom loan structure Work with internal risk management ongoing approval and inclusion as collateral of alternative investment funds Monitor alternative investment funds on an ongoing basis, perform collateral reviews, coordinate all fund ratings and analysis with broader Wells Fargo, including CIB partners Develop subject matter expertise in the Alternatives Asset industry Responsible for the efficient and timely analysis and underwriting of highly complex loan structures, financial and collateral circumstances Responsible for highly complex credit structuring and communicating recommendations verbally and in writing Drive private banking credit execution to deliver high quality custom credit solutions to existing and new clients while meeting goals for asset quality, banking revenue, and profitability Regularly monitor existing portfolio and communicate findings and recommended solutions to management in a timely manner. This will assist with leadership decisions in credit risk management and ensure credit portfolio satisfactory risk exams Meet with clients in partnership with a Custom Credit Banker in a client advisory role and in credit negotiations, as required Provide leadership and guidance to others. Exercise independent judgment and work with no direct supervision Required Qualifications: 7+ years of Wealth Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications: A background in fund/ alternative investment fund due diligence, counterparty credit risk management, fund underwriting, fund credit risk Background in wealth & commercial lending/underwriting is preferred. Familiarity with collateral including alternative assets. Ability to monitor a portfolio on an ongoing basis. Be a subject matter expert in alternative investment funds, the market, and ongoing factors that affect these funds. Thorough knowledge of financial accounting theory and logic, loan structuring, and banking products and services Excellent credit skills: ability to develop, negotiate, and document a broad range of loan types, structures, and complex requests Demonstrated ability to make sound, independent business and credit decisions Ability to independently negotiate/structure legal documents with the use of external counsel. Strong interpersonal communication skills and partnering skills Job Expectations: This position offers a hybrid work schedule in one of the listed locations This position is not eligible for Visa sponsorship Job Location: 550 S Tryon St, Charlotte NC, 28202 90 S 7th St, Minneapolis MN, 55402 Pay Range Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $111,100.00 - $197,500.00

Your Match

How well this role fits your profile.

Company Intel

What employees say

Worked at Wells Fargo? Share your experience