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in Boston, MA
ABL Rel Manager 1 (Credit Analyst)
•30 days ago
Hours | Full-time, Part-time |
---|---|
Location | boston, Massachusetts |
About this job
Job Title:
ABL Rel Manager 1 (Credit Analyst)
Job ID Number:
5164375
Schedule Type:
Reg-Time
Work Hours:
40
Location:
Boston,MA
Qualifications:
Job Description
Wells Fargo Capital Finance (WFCF) offers traditional asset-based financing, specialized senior secured financing, accounts receivable financing purchase order financing, and supply chain financing to a wide range of companies throughout the U.S.
The successful candidate for this position will have the opportunity to learn and gain an understanding of the asset based lending environment with borrowers in the retail industry.
The Credit Analyst (CA) will work on a team with Account Executives (AE s), Loan Administrator(s) (LA s) and a Loan Portfolio Manager (LPM). This person will develop a working understanding of inventory collateral and be closely involved in daily account management. This person will also maintain and analyze financial information provided by borrowers and work with internal business partners to share information and address issues.
Primary duties and responsibilities:
Assist Account Executives in preparation of Credit Modification Requests (CMR) including detailed write-ups for review and discussions with Senior Credit Committee members; Perform financial and credit analysis of borrower's financial statements, business plan and liquidity forecasts; Review all covenant and compliance testing for assigned accounts; Maintain Financial Statement Spread (FSS) system for assigned accounts; Prepare responses to all audits and appraisals for review and approval of the AE; Perform regular review and analysis of required reporting submitted by borrowers including borrowing base certificates; Attend client meetings and work together with the AE, LA and Director of Audit/Appraisals to address significant trends or changes in key asset valuation and credit indicators or variables; Prepare and complete all necessary evolving compliance requirements; Complete periodic projects assigned by LPM and support the AEs as directed; Assist with preparation of client strategies for targeted bank product services; Actively participate in periodic group and department meetings; and Perform other related duties and assignments as required.
Required Qualifications
2+ years of commercial lending experience, credit analysis experience, or a combination of both
Desired Qualifications
A BS/BA degree or higher in accounting, finance, or economics Good verbal, written, and interpersonal communication skills Intermediate Microsoft Office (Word, Excel, and Outlook) skills
Other Desired Qualifications
2 +years of financial analysis, audit, appraisal or credit analysis experience Demonstrated working knowledge of middle market corporate finance Basic understanding of financial statements Asset Based Lending experience
Disclaimer
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
ABL Rel Manager 1 (Credit Analyst)
Job ID Number:
5164375
Schedule Type:
Reg-Time
Work Hours:
40
Location:
Boston,MA
Qualifications:
Job Description
Wells Fargo Capital Finance (WFCF) offers traditional asset-based financing, specialized senior secured financing, accounts receivable financing purchase order financing, and supply chain financing to a wide range of companies throughout the U.S.
The successful candidate for this position will have the opportunity to learn and gain an understanding of the asset based lending environment with borrowers in the retail industry.
The Credit Analyst (CA) will work on a team with Account Executives (AE s), Loan Administrator(s) (LA s) and a Loan Portfolio Manager (LPM). This person will develop a working understanding of inventory collateral and be closely involved in daily account management. This person will also maintain and analyze financial information provided by borrowers and work with internal business partners to share information and address issues.
Primary duties and responsibilities:
Assist Account Executives in preparation of Credit Modification Requests (CMR) including detailed write-ups for review and discussions with Senior Credit Committee members; Perform financial and credit analysis of borrower's financial statements, business plan and liquidity forecasts; Review all covenant and compliance testing for assigned accounts; Maintain Financial Statement Spread (FSS) system for assigned accounts; Prepare responses to all audits and appraisals for review and approval of the AE; Perform regular review and analysis of required reporting submitted by borrowers including borrowing base certificates; Attend client meetings and work together with the AE, LA and Director of Audit/Appraisals to address significant trends or changes in key asset valuation and credit indicators or variables; Prepare and complete all necessary evolving compliance requirements; Complete periodic projects assigned by LPM and support the AEs as directed; Assist with preparation of client strategies for targeted bank product services; Actively participate in periodic group and department meetings; and Perform other related duties and assignments as required.
Required Qualifications
2+ years of commercial lending experience, credit analysis experience, or a combination of both
Desired Qualifications
A BS/BA degree or higher in accounting, finance, or economics Good verbal, written, and interpersonal communication skills Intermediate Microsoft Office (Word, Excel, and Outlook) skills
Other Desired Qualifications
2 +years of financial analysis, audit, appraisal or credit analysis experience Demonstrated working knowledge of middle market corporate finance Basic understanding of financial statements Asset Based Lending experience
Disclaimer
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.