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Wells Fargo Senior Lead Commercial Real Estate Portfolio Manager United States, New York, New York 844339178
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About this role:
secured vs. unsecured).
In this role, you will:
- Be responsible for the management of a portfolio of commercial real estate loans within Community Lending & Investment (CLI), our primary CRE balance sheet lending platform formultifamily-affordablehousing.
- Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research.
- Review and make recommendations for approval (or denial) of loan requests, extensions and modifications.
- Collaborate with senior management and coverage bankers to develop strategies around relationship optimization and deal level execution.
- Interface with customers to assist in identifying needs and maintaining strong relationships.
- Perform both sponsorship and loan level financial analysis.
- Complete in-depth property level analysis and market research.
- Present and advocate to credit committee for approval of loans.
- Work with outside counsel, internal compliance, and our loan closing teams to close modifications and new loans including review of third-party reports and loan documentation.
- Review and approve construction loan draws.
- Conduct quarterly and annual portfolio reviews to identify potential concerns.
- Conduct property tours / site visits.
- Maintain an in-depth knowledge of the local commercial real estate market.
Required Qualifications:
- 7+ years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions.
- Familiarity with multifamily – affordable housing, including the Low-Income Housing Tax Credit program.
- Familiarity with various facility types including construction, bridge, letters of credit, perm, lines of credit, etc. and loan structures includingrecourse/non-recourseand secured/unsecured.
- Experience evaluating market conditions and identifying appropriate comparable properties.
- Ability to apply sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations.
- Strong verbal, written, and interpersonal communication skills.
- Ability to interact with all levels of an organization.
- Intermediate Microsoft Office skills including some advanced accounting and finance functions in Microsoft Excel.
Job Expectations:
- Ability to travel up to 20% domestically or as needed
- Ability to work additional hours as needed
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Pay Range
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit 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
Wells Fargo Recruitment and Hiring Requirements:
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
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