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Wells Fargo SBA Private / Business Underwriter 4 in Phoenix, Arizona

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 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.

Commercial Banking provides financial solutions to businesses with annual sales generally in excess of $5 million. Our business lines are Wells Fargo Commercial Capital, Middle Market Banking, and Treasury Management & Payment Solutions.

Middle Market Banking

  • Services private and public companies with annual sales of $5 million to $2 billion

  • Specialized expertise across industry sectors

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 two talented, highly motivated, credit savvy professional for the position of Private/Business Loan Underwriter 4 located in one of our hub locations 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.

Responsibilities include:

  • 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 for commercial 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

Salary range is determined by location of the job.

May be considered for a discretionary bonus,Restricted Share Rights or other long-term incentive awards.

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.

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 in accounting, finance, or economics

  • Strong commercial credit analysis skills

  • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities

  • Leadership experience

  • 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

Disclaimer

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.

Benefits Summary

Benefits

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.

Company: Wells Fargo

Req Number: 5588718-1

Updated: 2021-08-01 04:00:20.933 UTC

Location: Phoenix,AZ

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