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.
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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.
Wells Fargo Commercial Capital o A market-leading provider of working capital, investment capital, trust services, and sales financing solutions that help customers optimize liquidity and grow their business through their lifecycle Wells Fargo Capital Finance (WFCF) is one of the top lead arrangers of asset-based loans in the U.S.
with a large and diversified portfolio of close to 2,400 customers and more than $33 billion in loans outstanding.
WFCF offers traditional asset-based financing, specialized senior secured financing, accounts receivable financing, purchase order financing, and supply chain financing to a wide range of companies throughout the United States, Canada, and the United Kingdom The Financial Analyst Program incorporates extensive training and coaching to help you build your analytical skills, master credit underwriting, and prepare you for a long term career at Wells Fargo.
You will gain exposure to Wells Fargo’s operations, business strategies, and corporate culture by working in Wells Fargo Commercial Capital’s Asset Based Lending Corporate ABL division with experienced team members.
You will work closely with the Asset Based Lending relationship team and develop expertise in the companies and industries you serve.
Your responsibilities will include:
– Analyzing a company’s financial, operational, and management strengths and weaknesses to identify potential capital, balance sheet, and reputation risks
– Preparing comprehensive company annual financial reviews as well as underwriting memorandums focusing on a company’s leverage, key risk factors, sources of repayment, collateral performance, cash flow, and ability to service debt
– Assembling a variety of financial schedules including projections in support of recommended credit actions and decisioning models as a tool for processing small customer credit requests
– Identifying credit issues early in the underwriting process and recommending ways to mitigate/reduce risks that fall outside of business appetite
– Partnering with relationship managers and credit underwriters to structure multi-million dollar transactions
– Reviewing loan agreements and other legal documents related to credit exposures
– Understanding client needs and identifying other Wells Fargo products and services that can help clients achieve their goal
– Monitoring of current events and financial information for highly visible, often publicly traded companies
– Participating in client meetings, due diligence visits, and other client interactions to gain exposure to key executives and senior bankers
– Assist with risk and compliance related projects and initiatives On-the-job experience: You will work as part of a high-performing team in Asset Based Lending to gain in-depth experience as a financial analyst.
You will begin to build your analytical skills and understanding of credit by actively participating in your teams day-to-day activities Credit fundamentals and accounting/excel modeling training: You will have courses during the Financial Analyst Program to advance your credit underwriting proficiency and solidify your accounting knowledge and excel modeling skills Specialized training: The Asset Based Lending division will offer specialized training to foster a deeper understanding of your business and, you’ll become familiar with financial, technical, and operational tools and processes to help you improve your credit underwriting/problem-solving skills.
Hired to work full time within a wholesale banking office and formally enrolled in the Wholesale Banking Financial Analyst Program (FAP).
Assists with financial modeling/projections, credit analysis and industry/business risk analysis in support of loan structuring decision making activities for mid-sized companies and large corporations.
Researches, examines and interprets customer portfolio, competitors and related industry in order to participate in the preparation of a comprehensive credit report opinion.
Reviews and interprets credit policies and procedures and incorporates requirements into credit analysis, observations and may formulate lending recommendations.
In support of more senior staff performs credit underwriting which accounts for all risk factors and providing risk rating recommendations.
In support of more senior staff, monitors and maintains an existing loan portfolio which includes ongoing interpretation and analysis of financial information to determine borrower compliance.
Completes periodic professional development training as scheduled.
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 months of experience in one or a combination of the following: financial analysis, credit analysis, statistical analysis, or statement spreading demonstrated through work or military experience; or BS/BA degree or higher granted prior to hire date Desired Qualifications Intermediate Microsoft Office skills Strong analytical skills with high attention to detail and accuracy Excellent verbal, written, and interpersonal communication skills High level of initiative and accountability Effective organizational, multi tasking, and prioritizing skills Ability to work in a fast-paced deadline driven environment Solid problem solving and decision making skills Knowledge and understanding of financial analysis, statements and accounting concepts Knowledge and understanding of asset based lending or commercial lending Knowledge and understanding of cash flow lending Knowledge and understanding of middle market commercial banking Knowledge and understanding of statement spreading programs Ability to work effectively, as well as independently, in a team environment Job Expectations Ability to travel up to 10% of the time Street Address PA-Philadelphia: 1 S Broad St
– Philadelphia, PA NY-New York: 150 E 42nd St
– New York, NY 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.