Associate Commercial Real Estate Portfolio Manager
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About The Position
Wells Fargo is seeking a Commercial Real Estate Portfolio Manager / Underwriter to assist in managing a group of assigned relationships and commercial real estate loans. This portfolio will be diversified by product type (office, multifamily, industrial, retail, mixed-use, land), facility type (construction, term, bridge, perm, lines of credit, etc.) and loan structure (recourse/non-recourse; secured vs. unsecured; mezzanine financing). In this role, you will 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. You will analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research. You will 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. You will collaborate with senior portfolio managers and coverage bankers to develop strategies around relationship optimization and deal level execution. You will interface with customers to assist in identifying needs and maintaining strong relationships. You will perform both sponsorship and loan level financial analysis, complete in-depth property level analysis and market research, and present and advocate to credit committee for approval of loans. You will 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. You will review and approve construction loan draws, conduct quarterly and annual portfolio reviews to identify potential concerns, conduct property tours / site visits, and maintain an in-depth knowledge of the local commercial real estate market. You will present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the function, policies, procedures, and compliance requirements. You will identify opportunities for process improvements within scope of responsibilities or functional area.
