Distribution Finance Underwriting Associate at Wells Fargo
Mississauga, ON, Canada -
Full Time


Start Date

Immediate

Expiry Date

14 Sep, 25

Salary

0.0

Posted On

15 Jun, 25

Experience

6 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Data Integrity, Finance, Excel, Communication Skills, Microsoft Office, Training, Commerce, Distributors, Adherence, Powerpoint, Financial Statements, Legal Structures

Industry

Financial Services

Description

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:

  • 6+ months of Distribution Finance Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educatio

Desired Qualifications:

  • 6+ months of financial analysis experience or similar experiences/ exposure in reviewing financial statements
  • Proficient in MS Office (Word, Excel, PowerPoint)
  • Strong communication skills and the ability to work effectively and cooperatively with internal stakeholders and clients which include dealers, distributors and manufacturers
  • Demonstrate strong attention to detail, recognize the importance of data integrity and adherence to credit policy and procedures
  • Possess fundamental knowledge of corporate legal structures, security and documentation requirements, and security perfection including familiarity with PPSA and RDPRM
  • Working knowledge in various inventory finance programs and agreements.
  • Undergraduate degree in Commerce, Business, Accounting, Finance or equivalent work experience in commercial finance lending or within the commercial banking industry
  • Bilingual (French/English) is preferred but not required
Responsibilities

Wells Fargo is seeking a Distribution Finance Underwriting Associate within our Inventory Finance department. This role is for a vacancy in our Mississauga or Montreal office.
Wells Fargo Inventory Finance provides inventory financing solutions, services, and intelligence through in-depth industry expertise and a commitment to customers. As a leading provider in specialized financing and servicing solutions to over 40,000 customers globally, Inventory Finance delivers when it comes to helping facilitate the manufacturing, distribution, and sale of products across a variety of industries - from Powersports, Marine, and Recreational Vehicles, to Outdoor Lawn & Garden, Agriculture, Technology, and Electronics & Appliances.

In this role, you will:

  • Be responsible for the underwriting of basic floor plan lending transactions.
  • Analyze customer financial, organizational and credit information and prepare credit write ups.
  • Identify relevant business, market and other commercial risks faced by the customer.
  • Review new credit requests and monitor existing credit facilities on an ongoing basis.
  • Assist in portfolio management including reviewing waiver requests, satisfying credit conditions and assessing collateral information in support of new and existing credit facilities.
  • Use results of analysis and sound judgment, approve or decline transactions within delegated credit authority and make sound recommendations for transactions which exceed delegated authority.
  • Operate in a regulated environment and adhere to all regulatory and compliance requirements.

Required Qualifications:

  • 6+ months of Distribution Finance Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

  • 6+ months of financial analysis experience or similar experiences/ exposure in reviewing financial statements
  • Proficient in MS Office (Word, Excel, PowerPoint)
  • Strong communication skills and the ability to work effectively and cooperatively with internal stakeholders and clients which include dealers, distributors and manufacturers
  • Demonstrate strong attention to detail, recognize the importance of data integrity and adherence to credit policy and procedures
  • Possess fundamental knowledge of corporate legal structures, security and documentation requirements, and security perfection including familiarity with PPSA and RDPRM
  • Working knowledge in various inventory finance programs and agreements.
  • Undergraduate degree in Commerce, Business, Accounting, Finance or equivalent work experience in commercial finance lending or within the commercial banking industry
  • Bilingual (French/English) is preferred but not required.
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