Associate, Commercial Real Estate Portfolio Manager

Wells Fargo & Company•Washington, DC

2d•Onsite

About The Position

Wells Fargo is seeking an Associate, Commercial Real Estate Portfolio Manager in Corporate & Investment Banking as part of Commercial Real Estate to assist in managing a group of assigned relationships and commercial real estate loans. This portfolio will be diversified by product type (primarily seniors housing and student housing, with opportunity for some multifamily, industrial, retail and office) and loan structure (recourse/non-recourse and secured vs. unsecured) and will contain bilateral and syndicated transactions.

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
Ability to travel as needed
Willingness to work on-site in accordance with current office requirements
Ability to work additional hours as needed
This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire.
In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer.
Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.
Information will be shared about expectations during the recruitment process.

Nice To Haves

Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
Familiarity with the commercial property types including seniors housing, student housing, multifamily, retail, industrial, office, hospitality etc.
Familiarity with various facility types including construction, term, bridge, perm, lines of credit, etc. and loan structures including recourse/non-recourse, secured/unsecured, and mezzanine financing
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
A BS/BA degree or higher

Responsibilities

Be responsible for the management of a portfolio of commercial real estate loans and investments within Real Estate Banking, our primary 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
Review and make recommendations for approval (or 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 senior portfolio managers 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
Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the function, policies, procedures, and compliance requirements
Identify opportunities for process improvements within scope of responsibilities or functional area