Lead Commercial Real Estate Portfolio Manager
Lead Commercial Real Estate Portfolio Manager
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$ 126400 - 287600
1 Vacancy
Job Description
About this role:
Wells Fargo is seeking a Lead Commercial Real Estate Portfolio Manager / Underwriter to manage a group of assigned relationships and commercial real estate loans. This portfolio will be concentrated in multifamily affordable housing but diversified by facility type (construction bridge letters of credit perm lines of credit etc.) and loan structure (recourse/nonrecourse; 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 for multifamilyaffordable housing.
- Analyze and underwrite new loan opportunities within the assigned portfolio utilizing market research internal loan information client data and thirdparty 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 indepth 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 thirdparty 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 indepth knowledge of the local commercial real estate market.
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:
- Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions.
- Familiarity with multifamily affordable housing including the LowIncome Housing Tax Credit program.
- Familiarity with various facility types including construction bridge letters of credit perm lines of credit etc. and loan structures including recourse/nonrecourse and 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 240.17f2 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.
$126400.00 $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:
19 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
