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Employment
AVAILABLE POSITION
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Showcase Employer
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Employer
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phone:
866-726-4714
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Wells Fargo Equipment Finance
123 Broad Street
New York, NY 10021
Phone:
866-726-4714
website:
www.wellsfargo.com
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Vendor Program Credit Underwriter
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Location: Chandler, AZ or Minneapolis, MN
Wells Fargo Equipment Finance (WFEF) is the largest bank-owned equipment leasing and finance company in the U.S. with a portfolio exceeding $25 billion, more than 133,000 active customers and 1,100+ team members with coverage in all 50 states and Canada. WFEF provides a full spectrum of financing and lease options for customers’ equipment and capital expenditure requirements through Wells Fargo business, commercial and corporate banking channels, relationships with equipment manufacturers and distributors and direct to market. WFEF has Industry and Asset-type specialists devoted to Construction Equipment, Commercial and Specialty Vehicles, Healthcare, Energy/Marine, Solar, Vendor Finance Programs and Corporate/Private Aircraft. Wells Fargo Equipment Finance is the #1 non-captive lender for construction equipment and commercial vehicles.
The Position:
The Program Credit Underwriter is responsible for the underwriting and management of vendor and third party origination programs where there is high reliance on the program counterparty.
Specific responsibilities include investigation and financial analysis of program counterparties and their ability to fulfill their respective responsibilities within vendor programs. Also responsible for understanding financial statements, program structures (recourse, servicing, etc.), vendor reporting capabilities, legal aspects of program documentation, equipment and insurance related risks, tax and accounting issues, general operational issues and procedures associated with programs, as well as understanding the credit characteristics of end users and contract structures. This position supports the WFEF program approval process and rollout of programs to specific business units and coordinates such activities with senior Sales and Credit Management.
Responsibilities include the preparation of a comprehensive write-up covering all aspects of program risk that may include risk elements related to documentation, third party servicing, end obligor credit profile, equipment collateral and operational capabilities. This is performed in coordination with multiple WFEF departments including
Sales, Legal, Program Servicing, Program Audit, Contract Administration, Accounting and Equipment Management.
The position is responsible for monitoring program performance and tracks, coordinates, and prepares program reviews. A key role is to support, coordinate and respond to the results of program audits that are performed by WFEF Program Audit. The position will recommend and support implementation of remedial actions resulting from program monitoring activities.
The Candidate:
The successful candidate will have 6 years of commercial lending experience.
Interested candidates can post directly at www.wellsfargo.com/careers and then search job id 5332207 or contact Charles LaManna, Senior Recruiter for Wells Fargo Equipment Finance at 646-728-3271 or Charles.LaManna@wellsfargo.com
Wells Fargo is an Affirmative Action and Equal Opportunity Employer,
Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Team members 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 and if 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.
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