• Job Description

  Req#: R-381090

  About this role:

  T he Fund Finance team provides fund-level financing to private equity funds and other asset managers through structured credit facilities. Fund Finance is part of the Corporate and Investment Bank (CIB). Team members support our focus on building strong customer relationships balanced with a strong risk mitigation and compliance-driven culture that firmly establishes those disciplines as critical to the success of our customers and company.

  As part of the broader Fund Finance team, the Fund Solutions team focuses on providing asset managers differentiated Fund Finance products spanning across Net Asset Value (NAV) financing, Structured Products (Collateralized Fund Obligations/Feeders), Advisory Services and Capital Raising Solutions. The Fund Solutions product set spans across a wide array of financing and capital raising solutions which may be suitable for the bank’s balance sheet and/or distribution to the growing non-bank lender universe (e.g., Insurance Companies and Private Credit Investors).

  Fund Solutions is looking for a motivated experienced Associate to help support the origination, structuring and execution of Fund Solutions products with a preference for a candidate with a strong technical background and/or direct experience in modeling structured finance transactions. Given the breadth of the Fund Solutions product set, the team is searching for a dynamic candidate with the ability to think independently and help build a fast-growing team within Fund Finance. While this role will lean towards the structuring and modeling aspects of the Funds Solutions product set, the position will have the ability to work across the broader Fund Solutions body of work, including: pitching clients and business development, content creation, structuring NAV loans, structured product execution, credit underwriting, rating agency work, portfolio management, transaction distribution/syndication, and internal policy development and refinement.

  In this role, you will:

  Specifically Related to Modeling/Structuring:

  • Build detailed transaction models for Structured Finance and Secondaries NAV lending transactions

  • Analyze portfolio characteristics including projected cash flows, investment strategies, and fund seasoning to develop suitable financing solutions and portfolio construction

  • Work with clients to understand financing needs and provide tailored solutions including structuring transaction deal terms and corresponding term sheets

  • Conduct thorough due diligence including reviewing financial statements, fund documents and legal agreements

  • Lead due diligence meetings

  • Prepare borrowing base calculations in excel

  • Work closely with rating agencies to obtain debt ratings

  • Write detailed credit and approval committee memos

  • Create pitches/term sheets

  • Work closely with internal and external counsel to negotiate legal documentation

  • Partner with analysts and internal partners to manage internal compliance, booking, and funding processes

  • Negotiate, structure, and execute amendments and other facility modifications

  • Monitor financial performance and internal credit ratings of borrowers and limited partners

  • Complete Annual reviews

  Required Qualifications:

  • 2+ years of Investment Banking experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

  Desired Qualifications:

  • Experience with originating and monitoring subscription facilities, NAV facilities, asset backed finance facilities, securitizations, or other structured products is strongly preferred.

  • Highly knowledgeable of private capital, fund finance, and structured finance industries including structure (e.g. waterfall, amortization profile, etc.), investment strategies, cash flows, performance metrics, and various product use cases.

  • Ability to analyze large data sets to provide insights on expected fund performance, pricing strategies, and optimal structuring.

  • Strong analytical skills with high attention to detail and accuracy.

  • Very comfortable and efficient in Excel. Experience writing formulas; organizing, analyzing, and formatting data; and recognizing and auditing errors.

  • Ability to manage a high-volume workload while maintaining excellence and consistency of work. Ability to quickly change focus and stay organized is a must.

  • Ability to work effectively, as well as independently, in a team environment.

  • Excellent verbal, written, and interpersonal communication skills.

  • Experience reading, negotiating, and/or interpreting legal documents.

  • Strong initiative and works proactively to anticipate questions/issues.

  • Direct client interaction experience, including some experience interacting with senior decision makers.

  Job Expectations:

  • Ability to travel up to 10% of the time.

  • Ability to work 50+ hours per week, depending on workload

  • Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.

  • Registration for FINRA Series 79 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.

  • Registration for Securities Industry Essentials (SIE) exam must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.

  Posting Locations:

  • 550 S Tryon St., Charlotte, NC

  • 500 W 33rd St., New York, NY

  Salary Ranges:

  • $120,400 -$250,000 Charlotte, NC

  • $138,500 - $287,600 New York, NY

  Pay Range

  $120,400.00 - $287,600.00

  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:

  19 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.

• About the company

  Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco.

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