Wells Fargo

Senior Equipment Finance Underwriter

Wells Fargo$110K — $179K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 4+ years of Equipment Finance Underwriting experience required
  • Commercial underwriting experience mandatory; residential mortgage, consumer, and real estate underwriting do not qualify
  • Experience underwriting transactions and exposures exceeding $1MM
  • Financial Analysis experience
  • Experience in underwriting within the transportation industry
  • Bachelor's degree in accounting, business, economics, finance, or related field
  • Proficiency in Microsoft Office, especially Excel, Word, and PowerPoint

Responsibilities

  • Lead or participate in research and assess the creditworthiness of moderate complexity loans and lease requests
  • Review and evaluate moderately complex loan and lease applications requiring detailed analysis
  • Conduct periodic portfolio reviews on assigned credits
  • Maintain risk ratings and pertinent data in system records
  • Approve loans or leases within authorized credit limits and recommend larger transactions
  • Collaborate with underwriting peers and managers to meet business objectives
  • Engage with internal and external partners to gather necessary decision-making information

Benefits

  • Health benefits
  • 401(k) Plan
  • Paid time off
  • Disability benefits
  • Life insurance, critical illness insurance, and accident insurance
  • Parental leave
  • Critical caregiving leave
  • Discounts and savings
  • Commuter benefits
  • Tuition reimbursement
  • Scholarships for dependent children
  • Adoption reimbursement
Full Job Description

In this role, you will:

  • Lead or participate in research and underwrite the creditworthiness of moderately complex commercial or business loan and lease requests within Equipment Finance Underwriting functional area

  • Review and research moderately complex commercial or business loan and lease requests that require an in-depth evaluation

  • Perform periodic reviews on assigned portfolio credits

  • Maintain risk ratings and other relevant data on systems of record

  • Approve loans or leases within delegated credit authority and recommend transactions in excess of that authority

  • Collaborate and consult with Equipment Finance Underwriting peers, colleagues, and middle level managers and achieve business objectives

  • Work with internal and external business partners to gather information to make appropriate decisions


Required Qualifications:

  • 4+ years of Equipment Finance Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education


Desired Qualifications:

  • Commercial underwriting experience required; residential mortgage, consumer, and real estate underwriting experience alone does not meet this qualification.

  • Experience underwriting transactions and exposures in excess of $1MM
  • Financial Analysis experience
  • Experience in underwriting in the transportation industry
  • Bachelor's degree in accounting, business, economics, finance or related field
  • Experienced and proficient with Microsoft Office suite of products, including Excel, Word and PowerPoint


Job Expectations:

  • This position is not eligible for Visa sponsorship

  • This position offers a hybrid work schedule, 4 days in the office and 1 day remote

  • Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process

#commercialbanking

Additional Information:

Minneapolis, MN Pay Range: $110,000-$179,000 USDannual (this range may not be applicable to other locations)

Chicago, Illinois Pay Range: $110,000-$179,000 USDannual (this range may not be applicable to other locations)

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

Salary is just one component of Wells Fargo's total rewards package. Depending on the role, a Wells Fargo's employee may be eligible for additional forms of compensation, such as sales incentives, discretionary bonuses, and/or equity in the company in the form of Restricted Stock Units (RSUs).

$100,000.00 - $196,000.00

Benefits

  • Health benefits
  • 401(k) Plan
  • Paid time off
  • Disability benefits
  • Life insurance, critical illness insurance, and accident insurance
  • Parental leave
  • Critical caregiving leave
  • Discounts and savings
  • Commuter benefits
  • Tuition reimbursement
  • Scholarships for dependent children
  • Adoption reimbursement

Posting End Date:

14 Jul 2026

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

About Wells Fargo

Wells Fargo Careers

Joining Wells Fargo means becoming part of a distinguished financial institution that has been a cornerstone of innovation and leadership in the banking industry. At Wells Fargo, we offer a plethora of job opportunities designed to empower your career growth and development in a diverse and inclusive environment.

Work You’ll Do

At Wells Fargo, you will be part of a team that values diversity and is committed to fostering an inclusive culture. We are looking for professionals who are eager to drive innovation and lead with integrity. Our employees are our greatest asset, and we invest in their professional growth through comprehensive leadership and diversity training programs that are recognized industry-wide.

Explore a Multitude of Career Paths

Whether you're interested in a position in finance, IT, customer service, or management, Wells Fargo has career opportunities in various fields. Our team members benefit from job stability, competitive benefits, and a culture that values and rewards performance and dedication.

Internship Programs

Kickstart your career with a Wells Fargo internship. Our programs provide invaluable industry exposure, professional skills development, and networking opportunities that often lead to full-time employment offers. Interns at Wells Fargo work on real projects, solve actual challenges, and gain the mentorship of seasoned professionals.

Professional Growth and Development

We believe in nurturing the potential of our employees. Wells Fargo offers robust training programs and resources to help every team member excel in their current roles and prepare for future challenges. Growth at Wells Fargo is not just about climbing the career ladder but expanding your skills and expertise to add value to our team and customers.

Benefits and Rewards

Wells Fargo is committed to the well-being of our team members. We offer a comprehensive benefits package that includes health care, retirement plans, and generous paid time off. Additionally, we provide unique perks like employee discounts, adoption assistance, and tuition reimbursement.

Join Our Team

Discover the opportunities waiting for you at Wells Fargo by exploring open positions that match your skills and interests. We are continuously hiring and looking for individuals who bring creativity, passion, and a drive to serve our customers.

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Networking and Innovation

At Wells Fargo, networking and innovation go hand in hand. We encourage our employees to connect across departments and roles to foster new ideas and strategies that lead to groundbreaking solutions.

Empower Your Career

Step into a role at Wells Fargo where your skills will be honed, your achievements recognized, and your career can flourish. We're not just filling positions; we're building leaders who are equipped to navigate the complexities of the financial world. Join Wells Fargo today and be part of a team that’s redefining the future of banking.
Learn more about Wells Fargo
Size
246,577 employees
Market Cap
$155.2 billion
Industry
Net Income
$3.3 billion
Founded
1852
5 Year Trend
-5.9%
NASDAQ

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