Senior Lending Underwriting Manager

About this role:

Wells Fargo Inventory Finance is seeking an Underwriting Manager to join our team.

In this role, you will:

• Manage and develop a team of individual contributors in underwriting, approval, documentation of new credit requests, credit line renewals for existing customers, and on-going monitoring of the current portfolio
• Engage stakeholders and internal partners associated with the Inventory Finance Underwriting functional area
• Identify and recommend opportunities for process improvement and risk control development
• Conduct financial and credit research as well as prepare risk assessments for presentation to more experienced management
• Make decisions and resolve issues regarding resources, objectives, and operations of Inventory Finance Underwriting functional area and team to meet business objectives
• Interpret and develop policies and procedures for functions with low to moderate complexity within scope of responsibility
• Collaborate and consult with Inventory Finance Underwriting peers, colleagues, and multiple level managers as well as interact directly with external customers
• Manage allocation of people and financial resources for Inventory Finance Underwriting
• Mentor and guide talent development of direct reports and assist in hiring talent
• Review and approve transactions within assigned credit authority

Required Qualifications:

• 4+ years of underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 2+ years of leadership experience

Desired Qualifications:

• Experience working with Senior Leadership and Independent Risk Management
• Experience underwriting transactions in Inventory Finance , Asset-Based Lending groups or Commercial Banking
• B.A. degree or equivalent, preferably in Accounting, Finance or Economics
• M.B.A. or equivalent preferred

Job Expectations:

• This position is not eligible for Visa sponsorship 

• This position offers a hybrid work schedule 

• Willingness to work on-site at stated location on the job opening.

• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process

Compensation: 

• Chicago, IL – $122,200.00 - $217,200.00 USD Annual
• Charlotte, NC, Irving, TX and Atlanta, GA- $111,100,00 - $197,500.000 Annual
   

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

Salary is just one component of Wells Fargo's total rewards package. Depending on the role, a Wells Fargo's employee may be eligible for additional forms of compensation, such as sales incentives, discretionary bonuses, and/or equity in the company in the form of Restricted Stock Units (RSUs).

$111,100.00 - $217,200.00

Posting End Date:

24 Apr 2025

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Applicants with Disabilities

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

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

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.