Lead Wealth Underwriter
Wells Fargo · Bengaluru · onsite · Posted 61d ago
Undisclosed7–12 yrsfulltimeSourced from
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About this role
Job Summary
Wells Fargo is seeking a Senior Wealth Underwriter 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
- 7+ years of Wealth Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 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.
- 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.
- 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.
- 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.
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Skills
Debtfinancial dataFinancial CrimesCredit administrationcredit approval1120SCASH FLOWCredit AnalysisCredit Underwritingcredit riskAdministrationfinancial analysiscomplianceCustomer RelationshipsCommercial Real Estate
About Wells Fargo
Wells Fargo
Financial Services
20k+
employees
1852
174 years old
Bengaluru/Bangalore, Karnataka
India
About
Wells Fargo works to create positive social impact in the communities it serves by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
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Financial Services
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