Wells Fargo Commercial Real Estate Underwriter- CMBS Securitization 

India, Karnataka, Bengaluru 

941866930

In this role, you will:

• Participate in reviewing and issuing applications under the direction of a more experienced underwriter and identify opportunities for process improvements within scope of responsibilities or Commercial Real Estate Underwriting functional area
• Review and research less complex operational challenges that require evaluation and selection of alternatives and exercise independent judgement to guide medium risk deliverables
• Present recommendations for resolving more complex situations and exercise independent judgement while developing expertise in the function, policies, procedures, and compliance requirements
• Collaborate and consult with Commercial Real Estate Underwriting colleagues, internal partners, and stakeholders, including internal and external customers.
• Your responsibilities include, but not limited to:
• Performing loan file review procedures on pools of commercial mortgage loans and properties
• Maintaining and updating critical data to reflect the results of loan file review procedures.
• Responsible for evaluating financial performance of borrower / guarantor based on a variety of factors. This would include review of financial statements and compare it against CRE guidelines.
• Evaluate existing leases within the property to determine possible impact on cash flows by reviewing for pertinent clauses, such as termination options / go dark.
• Review loan documents and summarize salient facts of the loan and ongoing covenants (both financial and non-financial) to be maintained by the borrower.
• Perform market research of real estate using various third-party applications and compare performance of subject property against market data to draw conclusion of overall performance.
• Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset.
• Interacting with clients to discuss, explain and reconcile data and offering document exceptions.
• Reviewing the Securitization offering documents for accuracy and completeness of collateral disclosure
• Document and synthesize all the findings based on above mentioned reviews.
• Assisting with training, mentoring, performing quality checks and developing junior team members
• Contribute towards building strong client relationships through interactions with client personnel.
• Contribute to a positive team attitude.

Required Qualifications:

• 2+ years of Commercial Real Estate Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Master's degree in accounting, finance, economics, business administration
• 5+ years of relevant Commercial Real Estate working experience.
• Previous CMBS or ABS experience
• 3+ years of experience in financial cash flow modeling securitization transactions in Excel/VBA.
• Exposure to industry platforms such as REIS, Costar, TREPP
• Knowledge of CMBS-related legal/offering documents and commercial mortgage loan and property source documents
• Proficiency with Microsoft Office products (Excel, Word, Access); spreadsheet modeling experience is a plus.
• 1+ years of experience in coordinating and communicating with working parties such as bankers and portfolio managers.

27 Feb 2025

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.