Associate, Investment Banking, Fund Solutions

About the Role

The Fund Solutions team within Wells Fargo's Corporate & Investment Bank (CIB) provides differentiated Fund Finance products to asset managers and private capital investors. This includes Net Asset Value (NAV) financing, Structured Products (Collateralized Fund Obligations/Rated Feeders), Advisory Services, and Capital Raising Solutions. The team is seeking an Associate to support the origination, structuring, and execution of these products, with a focus on Collateralized Fund Obligations (CFOs) and rated feeder solutions.

Key Responsibilities

• Structuring and Transaction Execution:
• Manage transaction execution from initial deal preparation and structuring through marketing, investor diligence, documentation, and closing.
• Build and maintain detailed transaction models for CFOs, rated feeders, Secondary NAV facilities, and other structured or lending transactions.
• Analyze portfolio characteristics including projected cash flows, investment strategies, and fund seasoning to develop suitable financing solutions and portfolio construction.
• Conduct thorough due diligence including reviewing financial statements, fund documents, and legal agreements.
• Work closely with rating agencies to obtain debt ratings.
• General Responsibilities:
• Prepare client presentations, transaction materials, term sheets, internal approval memoranda, and investor marketing materials.
• Perform credit underwriting for new transactions and support annual reviews of existing facilities.
• Prepare borrowing base calculations in Excel.
• Work closely with internal and external counsel to negotiate legal documentation.
• Negotiate, structure, and execute amendments and other facility modifications.
• Partner with analysts and internal partners to manage internal compliance, booking, and funding processes.
• Contribute to portfolio analysis across the broader Fund Finance team portfolio.

Requirements & Tech Stack

• Investment Banking experience (2+ years) or equivalent demonstrated through work experience, training, military experience, or education.
• Proficiency in Excel, including writing formulas, organizing, analyzing, and formatting data, and recognizing/auditing errors.
• Experience reading, negotiating, and/or interpreting legal documents.
• FINRA Series 63 and 79 examinations, or equivalent, must be completed within 90 or 180 days of employment commencement.

Qualifications

• 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, investment strategies, cash flows, performance metrics, and 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.
• Ability to manage a high-volume workload while maintaining excellence and consistency.
• Ability to quickly change focus and stay organized.
• Ability to work effectively and independently in a team environment.
• Excellent verbal, written, and interpersonal communication skills.
• High level of personal motivation; does more than what is asked for and anticipates questions/issues.
• Direct client interaction experience, including interacting with senior decision makers.
• Willingness to work 50+ hours per week, depending on workload.
• Job Expectations:
• Obtaining and/or maintaining appropriate FINRA license(s) is required.
• Compliance with state law registration and licensing requirements is mandatory.
• Successful completion of background check prior to hire, meeting enhanced financial fitness and criminal background standards.
• Ability to travel up to 10% of the time.