About this role:

Wells Fargo is seeking a Senior Wealth Underwrite experienced in Commercial Real Estate Lending Underwriter with strong expertise in borrower and collateral underwriting. The candidate should be skilled in analyzing personal and business financial statements, interpreting U.S. tax returns, evaluating entity structures, and determining global cash flows and key financial ratios. The role requires in-depth knowledge of CRE collateral analysis, including property performance, cash flow assessment, market risk evaluation, and review of third-party reports such as appraisals and environmental reports. The underwriter will prepare comprehensive credit memoranda and provide well-supported lending recommendations. Additionally, the candidate will be responsible for portfolio monitoring, covenant compliance, annual reviews, and managing loan renewal, modification, and servicing requests for assigned relationships

In this role, you will:

Lead or participate in moderately complex initiatives and deliverables and contribute to large-scale planning related to Wealth Underwriting

Review, analyze, and evaluate borrower financial data for moderately complex high-net-worth loans to determine credit worthiness and monitor existing portfolio to identify issues that require an in-depth evaluation of variable factors; present recommendations for resolving moderately complex situations

Independently resolve moderately complex business, operational, or technical issues and lead team to meet deliverables while leveraging solid understanding of Wealth Underwriting functional area policies, procedures, regulations, and compliance requirements

Develop solid understanding of Commercial Real Estate Lending policies, procedures, regulations, and compliance requirements for Wealth Investment Management client as needed

Collaborate and consult with Wealth Underwriting peers, colleagues, and mid-level managers to resolve issues and achieve goals; serve as a mentor for lower level staff

Provide input to assist leaders with credit risk management decisions to ensure satisfactory credit portfolio risk examinations

Required Qualifications:

7+ years of Wealth Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

5+ year of experience in Commercial Real Estate Collateral Underwriting

5+year of experience in Credit Underwriting and Risk Assessment

4+years of experience in Evaluate property cash flows and determine stabilized Net Operating Income (NOI), Debt Service Coverage Ratios (DSCR), and valuation metrics

Desired Qualification

Borrower and Financial Analysis

Perform comprehensive credit analysis of individuals, trusts, partnerships, LLCs, corporations, and other borrowing entities.

Analyze Personal Financial Statements (PFS), business financial statements, and supporting documentation to assess borrower strength, liquidity, leverage, and repayment capacity.

Review and interpret U.S. tax returns, including individual (Form 1040), partnership (Form 1065), corporate (Forms 1120/1120S), and trust returns, to determine sustainable cash flow and identify potential risks.

Evaluate organizational and formation documents, ownership structures, guarantor relationships, and complex entity structures.

Calculate and interpret key financial metrics, including debt service coverage ratios, liquidity metrics, leverage ratios, debt-to-income ratios, net worth calculations, and global cash flow analysis.

Perform detailed reviews of balance sheets, income statements, cash flow statements, and supporting schedules to identify trends, risks, and mitigating factors.

Commercial Real Estate Collateral Underwriting

Conduct thorough collateral reviews across various commercial real estate asset classes, including multifamily, office, retail, industrial, hospitality, mixed-use, and special-purpose properties.

Analyze property operating statements, rent rolls, leasing trends, occupancy levels, and historical operating performance.

Evaluate property cash flows and determine stabilized Net Operating Income (NOI), Debt Service Coverage Ratios (DSCR), and valuation metrics.

Review third-party reports such as appraisal reports, environmental assessments, engineering/property condition reports, market studies, flood determinations, and title reports.

Assess market fundamentals, economic trends, competitive positioning, and property-specific risks impacting collateral performance.

Credit Underwriting and Risk Assessment

Integrate borrower, guarantor, collateral, and market analysis to form an independent credit opinion.

Identify key credit strengths, weaknesses, risks, and mitigants associated with lending transactions.

Prepare detailed and well-supported credit memoranda summarizing financial analysis, collateral evaluation, market conditions, risk assessments, and lending recommendations.

Ensure underwriting analysis complies with internal credit policies, regulatory requirements, and risk management standards.

Partner with relationship managers, credit officers, portfolio managers, legal teams, and other stakeholders throughout the credit approval process.

Portfolio Management and Monitoring

Perform ongoing monitoring of assigned loan portfolios to ensure credit quality and policy compliance.

Track and review financial covenant compliance, reporting requirements, borrowing base submissions, and other post-closing obligations.

Complete annual reviews, periodic risk assessments, and portfolio surveillance activities.

Evaluate loan modification requests, renewals, extension requests, and other portfolio management activities.

Monitor market conditions and borrower performance to identify emerging risks and recommend appropriate actions.

Ensure timely completion of assigned portfolio management and credit administration responsibilities.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees 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 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.