Associate Commercial Real Estate Portfolio Manager - SREF Hospitality

Wells Fargo•Charlotte, NC

30d•$77,000 - $121,000•Onsite

About The Position

Wells Fargo is seeking an Associate Commercial Real Estate Portfolio Manager to asset manage an assigned group of commercial real estate loans for the Specialty Real Estate Finance (SREF) group. SREF is a collection of specialized balance sheet lending units focused specifically on Hospitality & Leisure, Senior Housing, Manufactured Home Communities and Healthcare & Medical Office sectors. Ideal candidates for this role will have experience working with Hospitality as an asset class. Experience working with other asset classes listed will also be considered. In this role, you will: Assist in the management of a portfolio of commercial real estate loans and investments within Specialty Real Estate Finance, our alternatives balance sheet lending CRE platform. Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research. In conjunction with senior team members, review and make recommendations for approval/ denial of loan requests, lease approvals, collateral releases, requests for letters of credit, funding of reserves/loan holdbacks, loan extensions and loan modifications. Collaborate with coverage bankers to develop strategies around relationship optimization and deal-level execution including screening, underwriting, negotiating, closing, and asset management of loans. 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. Collaborate with senior team members to 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. Maintain an in-depth knowledge of the local commercial real estate market. Maintain general knowledge of Wells Fargo products and services to best deliver the firm to the client.

Requirements

2+ 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.

Nice To Haves

2+ years of commercial real estate origination underwriting or asset management experience.
Experience with hospitality (hotels, resorts, lodging) as an asset class highly preferred; experience with asset classes such a senior housing or healthcare medical office will also be highly considered.
Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
Familiarity with various other commercial property types.
Experience evaluating market conditions and identifying appropriate comparable properties utilizing tools such as CoStar, ARGUS, NIC MAP.
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 a high level of proficiency in Microsoft Excel including various accounting and finance functions.
A BS/BA degree or higher.

Responsibilities

Assist in the management of a portfolio of commercial real estate loans and investments within Specialty Real Estate Finance, our alternatives balance sheet lending CRE platform.
Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research.
In conjunction with senior team members, review and make recommendations for approval/ denial of loan requests, lease approvals, collateral releases, requests for letters of credit, funding of reserves/loan holdbacks, loan extensions and loan modifications.
Collaborate with coverage bankers to develop strategies around relationship optimization and deal-level execution including screening, underwriting, negotiating, closing, and asset management of loans.
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.
Collaborate with senior team members to 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.
Maintain an in-depth knowledge of the local commercial real estate market.
Maintain general knowledge of Wells Fargo products and services to best deliver the firm to the client.