Commercial Lending Underwriter

5 days ago

Mississauga, Canada Wells Fargo Full time

Wells Fargo Distribution Finance provides inventory financing solutions, services, and intelligence through in-depth industry expertise and a commitment to customers. As a leading provider in specialized financing and servicing solutions to over 40,000 customers globally, DF delivers when it comes to helping facilitate the manufacturing, distribution, and sale of products across a variety of industries - from Powersports, Marine, and Recreational Vehicles, to Outdoor Lawn & Garden, Agriculture, Technology, and Electronics & Appliances.

Wells Fargo Distribution Finance is seeking a Commercial Lending Underwriter in our Mississauga office. This role is for the mid-size ticket underwriting team in Canada and is responsible for underwriting and documentation of new credit requests, credit line renewals for existing customers, and on-going monitoring of the portfolio.

**In this role, you will**:

- Be responsible for the underwriting of mid-size ticket floor plan lending transactions.
- Analyze complex customer financial, organizational and credit information and prepare credit write ups for management and present to management.
- Collaborate with business functions, more closely with Commercial and Portfolio Management, to support the business and customers and interacts regularly with senior business leaders and senior credit leaders.
- Identify relevant business, market and other commercial risks faced by the customer.
- Review new credit requests and monitor existing credit facilities on an ongoing basis.
- Assist in portfolio management including reviewing waiver requests, satisfying credit conditions and assessing collateral information in support of new and existing credit facilities.
- Using results of analysis and sound judgment, approve or decline transactions within delegated credit authority and make sound recommendations for transactions which exceed delegated authority.
- Operate in a regulated environment and adhere to all regulatory and compliance requirements.

**Required Qualifications**:

- 2+ years of commercial lending/ underwriting and financial statement analysis experiences, familiarity with combinations, consolidations and cashflow.
- Proficient in MS Office (Word, Excel, PowerPoint)
- Strong communication skills and the ability to work effectively and cooperatively with internal stakeholders and clients which include dealers, distributors and manufacturers.
- Work independently with mínimal direction
- Demonstrate strong attention to detail, recognize the importance of data integrity and adherence to credit policy and procedures.
- Possess fundamental knowledge of corporate legal structures, security and documentation requirements, and security perfection including familiarity with PPSA and RDPRM.
- Strong knowledge in various inventory finance programs and agreements
- Possess strong coaching skills and be a mentor to the underwriting team

**Desired Qualifications**:

- Undergraduate degree in Commerce, Business, Accounting or Finance with equivalent work experience in commercial finance lending or within the commercial banking industry
- Bilingual (English/French) is preferred but not required

**We Value Diversity**

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.

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