at Wells Fargo in CHICAGO, Illinois, United States
Job Description
About this role:
Wells Fargo Rail is seeking a Structured Finance-Secondary Markets professional as part of the Commercial Banking organization. Learn more about the career areas and lines of business at wellsfargojobs.com .
At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
In this role, you will:
+ Manage sale of leases or assets to achieve portfolio management, financial and strategic goals
+ Support facets of the acquisition process including pricing, bidding, securing internal approvals (credit/senior management) and documenting transactions
+ Work with corporate risk and pricing to evaluate creditworthiness of customers, appropriate structures, residual valuations, and oversee the internal approval process while maintaining yield approved by management. Transaction size can range from several million to several hundred million dollars
+ Build and maintain relationships with competitors, customers and financial institutions to facilitate acquisitions, joint ventures, syndications and equipment sales
+ Lead or participate in the growth of rail equipment fleet through acquisitions and direct calls on competitors and customers
+ Support the asset sale process which consists of identifying sale candidates, preparing and sending bid notices to potential buyers, tracking and evaluating bid receipts
+ Assist other department personnel in preparing internal deal summaries and deal approval memos as well as bid documentation
+ Identify opportunities for new and secondary market operating leases, single investor leases, leveraged leases and portfolio purchases through direct and indirect sources
+ Exercise independent judgment while developing expertise in the policies and procedures
+ Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
+ Stay current with industry trends and the develop and strong understanding of latest structure developments, accounting rules and tax laws
+ Attend appropriate education programs including industry training as a means to maintain and develop additional job related skills.
+ Represent WFR at appropriate conferences through attendance
Required Qualifications:
+ 4+ years of Rail Portfolio Sales experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
+ Experience with the acquisition process which consists of pricing, bidding, securing internal approval (credit/senior management) and documenting transactions
+ Experience working with corporate risk and pricing to determine creditworthiness of customers, appropriate structures, residual valuations, and overseeing the approval processes
+ Experience with Salesforce and Excel
+ Experience working with lessees in handling lease-end options on expiring structured leases including purchase options, renewal options or the return of equipment
+ Experience managing asset sale processes which includes of identifying sale candidates, preparing and sending bid notices to potential buyers, tracking and evaluating bid receipts
+ Experience with preparing internal deal approval memos as well as bid documentation
Posting Location
+ 10 S Wacker Chicago IL
Salary range by location
+ $84,400-$143.000
Salary range is determined by location of the job. May be considered for a discretionary bonus, Restricted Share Rights, or other long-term incentive awards.
\#CommercialBanking
Pay Range
$80,400.00 – $143,000.00
Benefits
Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits – Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
+ 401(k) Plan
+ Paid Time Off
+ Parental Leave
+ Critical Caregiving Leave
+ Discounts and Savings
+ Health Benefits
+ Commuter Benefits
+ Tuition Reimbursement
+ Scholarships for dependent children
+ Adoption Reimbursement
Posting End Date:
12 Jul 2024
- Job posting may come down early due to volume of applicants.**
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 unit’s 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, status as a protected veteran, or any other legally protected characteristic.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Company: WELLS FARGO BANK
Req Number: R-375111
Updated: Fri Jul 12 04:16:46 UTC 2024
Location: CHICAGO,Illinois
