Commercial Auto National Accounts - Credit Analyst

at  Wells Fargo

APPLICANTS WITH DISABILITIES

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

WELLS FARGO RECRUITMENT AND HIRING REQUIREMENTS:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process

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, educatio

Desired Qualifications:

• A BS/BA degree or higher
• Commercial auto underwriting experience and/or familiarity with auto finance industry.
• 3+ years of commercial banking experience including hands-on underwriting experience.
• Experience underwriting mid-corporate and large corporation loans
• 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
• Exposure and/or familiarity with public company reporting, syndicated credit structures, and capital markets products.
• Experience analyzing complex corporate ownership and organizational structures.
• Commercial auto underwriting experience and/or familiarity with auto finance industry

Wells Fargo is seeking a credit analyst to join the National Accounts credit risk team of Wells Fargo Commercial Auto (WFCA) to support senior 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 Wells Fargo 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 senior 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.
WFCA is organized into 4 divisions: 3 regional teams that service regionally-based Middle Market to Mid-Corporate-sized auto dealership groups, and a National Accounts team that services Mid-Corporate to Corporate Banking-sized companies operating in the retail automotive space. The National Accounts team supports the largest private and public dealer groups with complex financing needs including capital markets participants, those with institutional debt, equity or Employee Stock Ownership Plan (ESOP) investors, and syndicated credit facilities.
This posting is specifically for the National Accounts team. Available locations are listed below.

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 senior 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.
• May perform research and analysis independently or as part of a team related to special projects, such as industry studies, management reports, periodic portfolio reports, and policies/procedures.
• Identify deteriorating credits quickly and develop action plans together with senior PM, borrower management and Relationship Managers.
• Participate in meetings with customer/prospects along with senior 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:

• A BS/BA degree or higher
• Commercial auto underwriting experience and/or familiarity with auto finance industry.
• 3+ years of commercial banking experience including hands-on underwriting experience.
• Experience underwriting mid-corporate and large corporation loans
• 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
• Exposure and/or familiarity with public company reporting, syndicated credit structures, and capital markets products.
• Experience analyzing complex corporate ownership and organizational structures.
• Commercial auto underwriting experience and/or familiarity with auto finance industry.

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