Jobs › Wells Fargo

This position has closed. Wells Fargo removed this listing from their careers page on Oct 6, 2026. The interview prep below is still useful, and there are similar open roles at the bottom of this page.

Secured Lending Underwriter

Wells Fargo · Chicago, IL · $87,000–$140,000 a year · Full time

Posted Oct 1, 2026 · We last checked this listing on Oct 5, 2026

Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a financing memo you wrote. How did you structure it?

What they are checking: Whether they can tell a clear credit story with strengths, risks and mitigants that approvers trust.

Tell me about a time you found an error in your own analysis after sharing it.

What they are checking: Whether they correct mistakes openly and quickly, which is essential in credit work.

How do you stay up to date on credit policy and procedures?

What they are checking: Whether they take ownership of learning the rules that shape every deal they touch.

What would you do

The numbers in a borrower's financial statements don't match what the relationship manager told you. What do you do?

What they are checking: Whether they rely on the documents, ask questions and flag the gap instead of smoothing it over.

How do you decide when a question needs your supervisor and when you can resolve it yourself?

What they are checking: Whether they use independent judgment within their level and escalate the right issues.

A deal team is pushing to close quickly and your analysis isn't done. How do you respond?

What they are checking: Whether they protect quality while communicating realistic timing to the deal team.

About the work

Walk me through how you'd calculate a fixed charge coverage ratio covenant.

What they are checking: Whether they can actually compute common covenants and understand what the result says about the borrower.

What makes asset-based or secured lending different from cash flow lending?

What they are checking: Whether they understand borrowing bases, collateral monitoring and how secured lenders get repaid.

How would you evaluate inventory as collateral for an inventory finance deal?

What they are checking: Whether they think about turnover, obsolescence and liquidation value rather than just the book number.

What red flags would you look for in a borrower's accounts receivable aging?

What they are checking: Whether they recognize concentration, past-due trends and dilution that weaken collateral.

Practice this interview out loud.

Offer builds a real interview for this exact role at Wells Fargo from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

Practice this out loud

The full job description

As published by Wells Fargo.

About this role: At Wells Fargo, we are looking for talented people who will put our customers at the center of Everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wells Fargo is seeking a Secured Lending Underwriter within our Commercial Banking team. Learn more about the career areas and lines of business at wellsfargojobs.com . In this role, you will: • Participate in the partnership with the Underwriting team on all aspects of new business transaction process • Perform financial analysis, calculate financial covenants, and prepare financing memorandum within Secured Lending Underwriting • Review basic issues, policies, or procedures where answers can quickly be obtained related to low to medium risk and deliverables • Receive direction from Secured Lending Underwriting supervisor and exercise independent judgement while developing understanding of function, policies, procedures, and compliance requirements • Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals Required Qualifications: • 2+ years of Secured Lending Underwriting experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications: • Inventory Finance experience • Commercial Banking Underwriting experience • 2+ years of secured lending experience • B.A. degree or equivalent, in Accounting, Business, Finance or Economics • Experience in Finance or Asset-Based lending • Accounting and finance knowledge • Proficient in MS Office: PowerPoint, Excel, and Word Job Expectations: • This position is not eligible for Visa sponsorship • This position offers a hybrid work schedule • 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 • May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards Additional Information: • Atlanta - Georgia Pay Range: $87,000-$140,000 USD annually (this range may not be applicable to other locations) • Chicago - Illinois Pay Range: $104,000-$168,000 annually (this range may not be applicable to other locations) • Hoffman Estates - Illinois Pay Range: $96,000-$154,000 annually (this range may not be applicable to other locations) • Charlotte – North Carolina Pay Range: $87,000-$140,000 USD annually (this range may not be applicable to other locations) • Irving - Texas Pay Range: $87,000-$140,000 USD annually (this range may not be applicable to other locations) #CommercialBank Pay Range 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). Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.
$87,000.00 - $168,000.00 Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees. • 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: 8 Oct 2026 * Job posting may come down early due to volume of applicants. We Value Equal Opportunity Wells Fargo is an equal opportunity employer. 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. 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. 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. Wells Fargo Recruitment and Hiring Requirements: a. Third-Party recordings are prohibited unless authorized by Wells Fargo. b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.