Asset Based Lending (ABL) Underwriter
Wells Fargo Company is a diversified financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance. We’re headquartered in San Francisco, California, with offices from coast to coast in the U.S. and overseas — and strategic relationships with more than 3,000 banks around the world.
Our international division truly spans the globe, with a combined workforce of more than 2,700 dedicated team members and more than 30 overseas offices. Through our coast-to-coast U.S. presence, overseas offices in strategic Locations, and technology platforms, we provide our clients the direct and on-the-ground support they need to effectively manage all their global business in 130 countries.
The London branch of Wells Fargo, based in Fenchurch Street, has approximately 400 Team Members.
Our vision: “We want to satisfy all our customers’ financial needs and help them succeed financially.”
About Burdale Financial Limited
Burdale Financial Limited, a Wells Fargo company, is a leader in Comprehensive Asset-Based Lending (“CABL”) operating in the UK and Europe. CABL is one of the most advanced forms of asset-based commercial finance and a powerful way of leveraging a company’s underlying assets.
Burdale has a strong track record of providing innovative and flexible tailored funding structures to businesses. Burdale provides funding to support MBO/MBIs, acquisitions, full or partial VC exits and cash-outs. These businesses may be capital-intensive, rapidly expanding, highly leveraged or underperforming.
Position Overview
The ABL Underwriter will be responsible for all aspects of the prospective transaction process, including underwriting to the risk associated with the credit, be primarily responsible for preparing the approval memoranda, negotiating legal documentation and ensuring that the transaction conforms to credit and regulatory approvals.
The Underwriter will be required to coordinate diligence requests with third parties and internal team members with the client to make sure the transaction closes within the agreed-to timeframe and within budget. Will be responsible for overseeing financial and collateral analysis, evaluating capacity, capitalization, corporate and legal structure of the prospect. During the underwriting process, the incumbent will be required to keep the Regional Underwriter Manager fully informed as to any credit risks uncovered and provide mitigates as appropriate. The Underwriter is responsible for the final written credit approval and the oral presentation to credit committee.
Qualifications
- Extensive commercial lending experience, including underwriting.
- Prior lending experience in a lead underwriter, loan closer, or relationship manager type of role in an Asset Based or Cash-Flow Lending servicing middle-market and/or large corporate borrowers.
- Ability to communicate effectively through verbal and written communications.
- Strong organizational skills, capable of managing multiple transactions concurrently in a deal-driven environment with time pressure constraints.
- Working knowledge of PowerPoint, Excel, Microsoft Windows, and Word.
Preferred Skills
- Collateral audit experience.
- Financial modeling expertise.
- Proficient in Moodys Risk Analyst.
- ACA, ACCA, or CIMA qualification preferred.
Please apply using the link to our career site below, search for Req ID 1737BR.
https://sjobs.brassring.com/TGWebHost/home.aspx?partnerid=25486siteid=5553
Confirmation of the right to live and work in the United Kingdom will be required. If you are a non-EU national, you may visit the Border and Immigration Service website http://www.ukba.homeoffice.gov.uk/workingintheuk/ for details of the new Points Based Immigration System. Candidates who cannot establish the right to live and work in the United Kingdom will not be considered.
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