Private Business Loan Underwriter 4 - Commercial Auto Underwriter

Employment Type

: Full-Time


: Accounting

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Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.

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.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.

The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

Our Commercial Services team offers auto dealers competitive financing solutions for real estate, floor plan, buying/leasing equipment, working capital, and acquisition or mergers. Commercial Services also provides dealerships with access to an extensive array of commercial banking services through Wells Fargo Bank, N.A., including interest rate risk management, deposit and treasury management services, insurance services, merchant services, employee benefits, and wealth management.

The Commercial Auto Underwriter partners with the Commercial Auto Relationship Manager to manage client credit relationships.

This position is responsible for executing sound and consistent underwriting and account management of commercial loan risk while recognizing the need for a balanced commitment to loan, deposit and fee growth, relationship profitability, and customer retention and credit quality.

  • Underwriting large, complex commercial loans including floor plan, real estate, and acquisition financing.
  • Underwrites loans with aggregate credit exposure based upon experience level.
  • Compiles, analyzes, and documents loan data and credit risk, borrower and property information, and coordinates activity in support of credit approval process.
  • Investigates credit standards and determines credit worthiness of credits in an assigned portfolio, understands financial statements and reports for the specific area of business.
  • May perform research and analysis related to loan projects, such as industry studies and management reports.
  • May negotiate loan structures and terms.

Duties Include:

  • Execution of underwriting and structuring of commercial credit to meet client needs, using credit analytics, capital formation expertise, and sound business judgment.
  • Partner with Sales Managers and Relationship Managers to achieve segment goals, communicate risk parameters for new potential deals, identify and cultivate selected prospects, and coordinate underwriting and closing procedures.
  • Partners with numerous groups across the Bank to provide the best client solution while balancing the risk to the bank.
  • Maintain feedback loop with customers, as well as sales partners, to monitor quality of customer service and internal partnerships.
  • Maintain regular contact with the largest and/or highest risk customers in the assigned portfolio.

Required Qualifications

  • 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

Desired Qualifications

  • 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
  • 6+ years of commercial underwriting experience
  • 6+ years of commercial banking experience
  • Knowledge and understanding of underwriting or evaluating commercial credit
  • Knowledge and understanding of financial analysis, statements and accounting concepts
  • Knowledge and understanding of auto finance industry

Job Expectations

  • Ability to travel up to 10% of the time


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.

Job Requirements:

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