Vice President, Lead Investment Banker - Fund Finance

$173,300 - $359,900/Yr

Wells Fargo - Charlotte, NC

Full-time - Senior

Charlotte, NC

Credit Intermediation and Related Activities

About the position

The Fund Finance team at Wells Fargo provides fund-level financing to private equity funds and other asset managers through structured credit facilities. This team is a part of the Corporate and Investment Bank (CIB) and is dedicated to building strong customer relationships while maintaining a robust risk mitigation and compliance-driven culture. The success of our customers and the company is firmly rooted in these disciplines. Within the broader Fund Finance team, the Fund Solutions team specializes in offering differentiated Fund Finance products, which include Net Asset Value (NAV) financing, Structured Products (such as Collateralized Fund Obligations and Feeders), Advisory Services, and Capital Raising Solutions. The product offerings are designed to cater to a wide array of financing and capital raising needs, suitable for the bank's balance sheet and distribution to the growing non-bank lender universe, including Insurance Companies and Private Credit Investors. The Vice President role is pivotal in leading the origination, structuring, and execution of Fund Solutions products. This position will spearhead the NAV lending strategy, managing a portfolio of primary and secondary NAV transactions. Responsibilities include client engagement to understand financing needs, conducting due diligence, writing credit memos, negotiating legal documentation, and overseeing transaction syndication. The candidate will also be responsible for maintaining oversight of the Fund Solutions credit portfolio and refining lending frameworks and policies in collaboration with internal groups across Wells Fargo. This role requires a dynamic individual capable of independent thought and leadership within a fast-growing team.

Responsibilities

• Lead the development and execution of Fund Solution's NAV lending strategy, including originating and maintaining a portfolio of primary and secondary NAV transactions.
• Work with clients to understand financing needs and provide tailored solutions, including structuring transaction deal terms and corresponding term sheets.
• Lead due diligence reviews, evaluating financial statements, fund documents, and legal agreements.
• Run client due diligence meetings and write detailed credit and approval committee memos, both independently and in partnership with deal team members.
• Lead negotiation of legal documentation with the support of internal and external counsel.
• Assist with transaction distribution/syndication to non-bank lenders, developing syndication strategy and partnering with lenders to understand transaction details.
• Negotiate, structure, and execute amendments and other facility modifications.
• Ensure completion of all Fund Solution's required Annual reviews.
• Maintain oversight of the Fund Solutions credit portfolio, including internal credit ratings, transaction performance, underlying asset trends, and collection/verification of ongoing reporting.
• Lead the buildout and ongoing monitoring of credit portfolio analysis, creating quarterly trends reports and summary performance of each loan.
• Manage and refine Fund Solution's lending framework/policy, underwriting procedures, and partnerships with internal groups across Wells Fargo.
• Partner closely with Wells Fargo Independent Risk Management on transactions and portfolio construction.
• Create pitches/term sheets across the Fund Solutions product set, often in PowerPoint format.
• Assist with structured product organization, including structuring and distribution.
• Partner on NAV advisory engagements and work closely with rating agencies to obtain debt ratings.
• Partner with analysts and internal partners to manage internal compliance, booking, and funding processes.
• Be a leader in the Fund Solutions team, driving a positive culture, recruiting, and advocating for the team.

Requirements

• 5+ years of Investment Banking experience, or equivalent demonstrated through work experience, training, military experience, or education.
• Experience with originating and monitoring subscription facilities, NAV facilities, asset backed finance facilities, leveraged cash flow lending facilities, securitizations, or other structured products is strongly preferred.
• Knowledgeable of private capital, fund finance, and structured finance industries, including structure (e.g., waterfall, amortization profile), investment strategies, cash flows, performance metrics, and various product use cases.
• Strong analytical skills with high attention to detail and accuracy.
• Experience creating pitchbooks in Microsoft PowerPoint.
• Ability to manage a high-volume workload while maintaining excellence and consistency of work, with the ability to quickly change focus and stay organized.
• Ability to work effectively, as well as independently, in a team environment.
• Excellent verbal, written, and interpersonal communication skills.
• Experience reading, negotiating, and/or interpreting legal documents.
• High level of personal motivation, anticipating questions/issues and doing more than what is asked.

Nice-to-haves

• Direct client interaction experience, including some experience interacting with senior decision makers.
• Willingness to work 50+ hours per week, depending on workload.

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