Wells Fargo Secure Lending Portfolio Manager (Commodities Underwriter)

About this role:

The Portfolio Manager (Commodities Underwriter) will primarily support the Commodity Linked Finance Desk to underwrite and diligence counterparties and service providers that are not currently supported by a Wells Fargo Lending LOB, as well as structured financing transactions. Primary underwriting responsibilities include: modeling financial projections; performing financial and/or collateral analysis; performing industry analysis; and drafting underwriting memorandums.

In addition, the Portfolio Manager will also have primary responsibility for managing the CLF counterparty portfolio by: (1) coordinating and monitoring the customer onboarding and document negotiation process for physical and financial trading customers; (2) monitoring trading limits and tenors; (3) providing periodic reviews of the portfolio to senior management, risk partners and other stakeholders; and (4) monitoring physical commodity property tax assessments.

In this role, you will:

  • Participate in comprehensive reviews including report preparation and analysis of findings, and propose recommendations for a fundamental impact on future product quality
  • Determine appropriate course of remedial action, conduct investigative steps to fully identify the issues, and research product information, terms, conditions, or contracts
  • Review complex transactions, process gaps, or researches that require in-depth evaluation and special handling
  • Contribute to the resolution of highly sensitive client inquiries
  • Collaborate with executives, experienced management, and other internal partners or business lines to resolve highly sensitive customer inquiries
  • Act as a mentor to less experienced individuals and may assist with their development

Required Qualifications, US:

  • 5+ years credit underwriting experience

  • 5+ years of experience in the commodity industry

  • Experience analyzing financial statements

  • Ability to assess a company's industry and competition

  • Working knowledge of Microsoft Windows, Excel, and Word

  • Ability to communicate effectively though verbal and written communication skills

  • Strong organizational skills, and multi task completion orientation

  • Oriented toward a fast paced deal driven environment

Preferred Qualifications

  • 3+ years Financial Modeling experience
  • Bachelors/Masters Degree in Accounting, Finance or other Quantitative Field
  • CPA licensing

Up to 10% travel

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 units risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US:All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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.

Salary Range
$74,000.00 - $102,000.00
per Year
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Houston, TX, 77246, US