Wells Fargo - Chicago, IL

posted 4 months ago

Full-time - Mid Level
Chicago, IL
Credit Intermediation and Related Activities

About the position

At Wells Fargo, we are looking for talented individuals 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. This is where your true career begins. We ranked #3 on the 2022 LinkedIn Top Companies list - and #1 among financial services companies - as the best workplace "to grow your career". We support employees' career aspirations and growth, and we are proud of our employee-centered business approach and our commitment to diversity, equity, and inclusion in the workplace. We offer competitive salaries and one of the richest benefits packages in the industry. Our Total Rewards program focuses on wellness, work-life balance, and the financial health of our employees. Wells Fargo is seeking a Senior Commercial Banking Portfolio Manager to join our Market Coverage team as part of Commercial Banking. In this role, you will participate in performing financial research, underwriting, and structuring of highly complex private banking as well as consumer and mortgage relationships within the Commercial Banking Portfolio Management functional area. You will review and research business financial statements and tax returns that require an in-depth evaluation of multiple factors. Additionally, you will resolve moderately complex issues and lead the Commercial Banking Portfolio Management team to meet project deliverables, while leveraging a solid understanding of the function, policies, procedures, and compliance requirements. Collaboration and consultation with Commercial Banking Portfolio Management peers, colleagues, and mid-level managers will be essential to resolve issues and achieve goals. You will also lead projects and teams or serve as a mentor for less experienced individuals.

Responsibilities

  • Participate in performing financial research, underwriting, and structuring of highly complex private banking as well as consumer and mortgage relationships within Commercial Banking Portfolio Management.
  • Review and research business financial statements and tax returns that require an in-depth evaluation of multiple factors.
  • Resolve moderately complex issues and lead the Commercial Banking Portfolio Management team to meet project deliverables.
  • Collaborate and consult with Commercial Banking Portfolio Management peers, colleagues, and mid-level managers to resolve issues and achieve goals.
  • Lead projects and teams or serve as a mentor for less experienced individuals.

Requirements

  • 4+ years of Commercial Banking Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
  • Loan negotiation (rates, terms, and collateral requirements) experience.
  • Underwriting experience including advanced commercial or specialty group relationship portfolio credit.
  • Extensive knowledge and understanding of credit policy, loan servicing, risk management, and group underwriting requirements.
  • Knowledge and understanding of commercial and specialty group banking products and services.
  • 4+ years of commercial underwriting experience.
  • Intermediate Microsoft Office skills.
  • Strong analytical skills including analyzing complex data.
  • Excellent verbal, written, and interpersonal communication skills.
  • A BS/BA degree or higher.

Nice-to-haves

  • Experience in loan negotiation and underwriting in commercial banking.
  • Advanced knowledge of credit policy and risk management practices.

Benefits

  • 401(k) Plan
  • Paid Time Off
  • Parental Leave
  • Critical Caregiving Leave
  • Discounts and Savings
  • Health Benefits
  • Commuter Benefits
  • Tuition Reimbursement
  • Scholarships for dependent children
  • Adoption Reimbursement
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