Vice President, Lead Investment Banker, Fund Finance

About the position

Wells Fargo, CIB Fund Finance Group is seeking an Investment Banking Vice President to join its Charlotte or New York office. The Fund Finance Group provides financing to private equity funds and other asset managers through structured credit facilities. Fund Finance is part of the Corporate and Investment Bank (CIB). A Vice President on the Fund Finance Group will cover a portfolio of existing and prospective clients (fund sponsors) and will be part of lean deal teams that include senior and junior team members. The Vice President role includes structuring, legal negotiation, credit analysis, and execution of new subscription facilities as well as maintenance (including ongoing credit, re-structuring, and legal work), collateral analysis, and monitoring of existing Fund Finance credit facilities.

Responsibilities

• Manage day-to-day job responsibilities for new deals including creating pitches/term sheets.
• Prepare borrowing base calculations in Excel.
• Lead due diligence meetings.
• Act as the lead banker on driving internal underwriting and credit approval process, including writing detailed credit memos and leading internal discussions with credit partners.
• Work closely with internal and external counsel to negotiate legal documentation.
• Work with clients to understand financing needs and provide tailored solutions including structuring transaction deal terms.
• Work closely with analysts and internal partners to manage internal compliance, booking, and funding processes.
• Manage day-to-day job responsibilities for existing deals including maintaining client relationships, researching and reconciling questions/discrepancies, and proactively ensuring that all deal requirements are met.
• Negotiate, structure, and execute amendments and other facility modifications.
• Support team members in collateral analysis and compliance tracking.
• Monitor financial performance and internal credit ratings of borrowers and limited partners.
• Conduct periodic client due diligence and annual reviews.
• Contribute to portfolio analysis across the broader Fund Finance Group portfolio.

Requirements

• 5+ years of Investment Banking experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Nice-to-haves

• 7+ years of front office or credit experience at a major firm with a focus in finance.
• Bachelor's Degree in Business, Finance, Accounting, Math, Economics or Engineering (or MBA).
• Experience reading, negotiating, and/or interpreting legal documents.
• Deal origination & credit underwriting experience.
• Experience in structured finance or investment banking is preferred.
• Direct client interaction experience, including experience leading relevant transaction elements and interacting with senior decision makers.
• Leadership experience and/or experience training others in a relevant professional capacity.
• Analytical thinker. Able to make decisions and recommendations that are well-reasoned.
• High level of personal motivation. Does more than what is asked for and anticipates questions/issues.
• Ability to manage a high-volume workload while maintaining excellence and consistency of work. Ability to quickly change focus and stay organized is a must.
• Strong analytical skills with high attention to detail and accuracy.
• Excellent verbal, written, and interpersonal communication skills.
• Experience with originating and monitoring subscription facilities, asset backed finance, securitization, or other structured products.
• Ability to work effectively, as well as independently, in a team environment.
• Ability to work in a fast-paced, deadline driven environment.
• Familiarity with private equity funds.
• Very comfortable and efficient in Excel. Experience writing formulas; organizing, analyzing, and formatting data; and recognizing and auditing errors.
• Able to review and interpret financial statements.
• Experience monitoring covenants and client reporting.
• Formal credit training program experience.

Benefits

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement