Wells Fargo Credit Analyst

Hi Everyone,

I came across this job opportunity at Wells Fargo Bank as a full-time Credit Analyst. I'll post the job description below. I would appreciate your opinion on whether this is a good job opportunity.

Thanks,

Description

Work closely with assigned Relationship Manager for an assigned portfolio of Senior Secured credit facilities of middle market Technology-focused clients. This will include, direct interaction with clients, the underwriting, and approval of credit requests and presentation to senior management. Other responsibilities include (a) the preparation of monthly trend reports & presentation, (b) Assist in compliance-related duties as dictated by regulatory bodies, and (c) financial/covenant/other reporting tracking and analysis. Analyze the financial performance of assigned borrowers compared to industry standards, key competitors, projections, and s historical performance. Perform sensitivity analysis on client s financial and availability projections including the preparation of cash flow models. Perform market-research based valuation analysis including enterprise valuations and discounted cash flow analysis. Travel of 10% to select client meetings and on-site visits.

Qualifications: -Ability to multi-task -Demonstrated ability to effectively communicate through oral and written communication skills -Goal/task completion oriented -Capable of working independently, but within a team context -Proficient at financial statement analysis, financial modeling and possess a general eagerness to learn -Candidate must have 3+ years of general lending, investment banking, or equivalent experience -Working knowledge of Microsoft Excel, Microsoft Word, and the internet -Working knowledge of Capital IQ, Microsoft PowerPoint, LUCAS, and/or WFCF proprietary database application

8 Comments
 

What would the 'eventual' exit opportunities for this position...?

"A man always has two reasons for doing anything: a good reason and the real reason." - JP Morgan
 

Anyone else think a Wells Fargo Credit Analyst position is a hilarious thing to see a job posting for today? I heard all you have to do to get the job is prove you're not a racist.

 
BSDBANKER][quote=BlackHatAnyone else think a Wells Fargo Credit Analyst position is a hilarious thing to see a job posting for today? I heard all you have to do to get the job is prove you're not a racist.

I'm not quite sure what you message you're trying to convey above...Any how Wells Fargo seems to be fairing quite well, then again, we'll find out tomorrow.

http://blogs.wsj.com/deals/2012/07/09/wells-fargo-gets-bullish-buy-reco…]

C'mon. http://money.msn.com/business-news/article.aspx?feed=AP&date=20120712&i…

 
BlackHat][quote=BSDBANKER][quote=BlackHatAnyone else think a Wells Fargo Credit Analyst position is a hilarious thing to see a job posting for today? I heard all you have to do to get the job is prove you're not a racist.

I'm not quite sure what you message you're trying to convey above...Any how Wells Fargo seems to be fairing quite well, then again, we'll find out tomorrow.

http://blogs.wsj.com/deals/2012/07/09/wells-fargo-gets-bullish-buy-reco…]

C'mon. http://money.msn.com/business-news/article.aspx?feed=AP&date=20120712&i…]

ahhh...I did actually gaze over that headline earlier today, I just didn't end up reading the content of the article. Figures.

 

How do you prove that the increase was not based on any objective factors relating to the credit risk? It seems hard to believe that this was an approved practice across a company as huge and diverse as Wells Fargo. What fees were they hit with that white people werent? Banks throw fees at you on loans all the time; if you are savy enough to bitch about them, you can get them removed. Was Wells fargo just throwing fees at the wall, and hoping they were okay with the customer?

 

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