Community Development Financial Institution Portfolio Manager-Lead Commercial Real Estate Portfolio Management:
Community Development Financial Institution Portfolio Manager-Lead Commercial Real Estate Portfolio Management:
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$ 120400 - 287600
1 Vacancy
Job Description
About this role:
Wells Fargo is seeking a Lead Community Development Financial Institution Portfolio Manager (technical job title: Lead Commercial Real Estate Portfolio Manager) to help manage a large national portfolio of loans to Community Development Financial Institutions (CDFIs) and related entities and to manage a group of assigned relationships and related loans. This portfolio contains loans and lines of credit with diversified terms and structures.
In this role you will:
- In support of senior management and coverage bankers be responsible for portfoliowide tracking and reporting for a portfolio of CDFI loans within Community Lending & Investment (CLI) the group that houses our primary balance sheet lending platform for community development loans (which also includes our lending for affordable housing community facilities etc.)
- Analyze and underwrite new loan opportunities within the assigned portfolio utilizing client data market knowledge internal loan information and thirdparty market research.
- Review and make recommendations for approval (or denial) of 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 solving daytoday account issues identifying needs and maintaining strong relationships.
- Present and advocate to credit committee for approval of loans modifications and extensions.
- Work with outside counsel internal compliance and our loan closing teams to close modifications and new loans.
- Review and approve draws on lines of credit.
- Conduct quarterly and annual portfolio reviews to identify potential concerns.
- Maintain an indepth knowledge of the CDFI industry.
Required Qualifications:
- 5 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:
- Demonstrated interest in leading portfolio management activities.
- Strong organizational skills and attention to detail.
- Experience in the Community Development Financial Institutions (CDFI) industry.
- Ability to develop and maintain strong internal and external relationships while actively participating in the successful execution of complex transactions.
- Familiarity with various loan structures.
- 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 240.17f2 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
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements skills experience or work location. The range listed is just one component of the compensation package offered to candidates.
$120400.00 $287600.00Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits many of which are listed below. VisitBenefits 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:
9 May 2025*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 compliancedriven 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 units risk appetite and all risk and compliance program requirements.
Applicants with Disabilities
To request a medical accommodation during the application or interview process visitDisability 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. ThirdParty 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.
Required Experience:
Manager
Employment Type
Full-Time
