Commercial Real Estate Portfolio Manager

Wells Fargo & Company•Houston, TX

1d•Onsite

About The Position

Wells Fargo is seeking a Commercial Real Estate Portfolio Manager / Underwriter to manage assigned commercial real estate relationships, loans, and investments within Real Estate Banking, its primary balance sheet lending CRE platform. The diversified portfolio may include different property types, facility types, and loan structures. The role involves underwriting and analyzing new loan opportunities, assessing loan and property performance, reviewing requests and recommending approval or denial, and presenting loan recommendations to credit committee. The Portfolio Manager works with clients, internal teams, outside counsel, and other stakeholders to maintain relationships and close new loans and modifications. The position also includes construction draw reviews, portfolio reviews, property tours, market research, and identifying process improvements. The role requires on-site work in accordance with current office requirements and additional hours as needed. Visa sponsorship is not available. The position is subject to FINRA background screening and ongoing regulatory obligations.

Requirements

At least 2 years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through work experience, training, military experience, or education.
Willingness to work on-site in accordance with current office requirements.
Ability to work additional hours as needed.
Successful completion of a background check before hire and compliance with ongoing regulatory obligations, including periodic screening and mandatory reporting of certain incidents.

Nice To Haves

Ability to develop and maintain strong relationships while actively participating in complex transaction execution.
Familiarity with commercial property types including multifamily, retail, industrial, office, and hospitality.
Familiarity with facility types such as construction, term, bridge, permanent, and lines of credit, and with recourse/non-recourse, secured/unsecured, and mezzanine financing structures.
Experience evaluating market conditions and identifying appropriate comparable properties.
Ability to apply sound judgment to analytical conclusions for credit approval, transaction 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

Act as a key participant in large-scale planning for the Commercial Real Estate Portfolio Management functional area.
Review and research complex, multifaceted, large-scale, and long-term business challenges, evaluating multiple factors including intangible or unprecedented factors.
Make decisions in complex situations, apply knowledge of functional policies and compliance requirements, and influence the broader work team to meet deliverables and drive initiatives.
Collaborate with Commercial Real Estate Portfolio Management peers, colleagues, and managers to resolve issues and achieve goals.
Manage a portfolio of commercial real estate loans and investments within Real Estate Banking.
Analyze and underwrite new loan opportunities using market research, internal loan information, client data, and third-party market research.
Review and recommend approval or denial of loan requests, lease approvals, collateral releases, letters of credit, reserve or loan holdback funding, extensions, and modifications.
Interface with customers to identify needs and maintain strong relationships.
Perform sponsorship-level and loan-level financial analysis.
Conduct in-depth property-level analysis and market research.
Present and advocate loan requests to credit committee.
Work with outside counsel, internal compliance, and loan closing teams to close modifications and new loans, including reviewing 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 and site visits.
Maintain in-depth knowledge of the local commercial real estate market.
Present recommendations for resolving complex situations and exercise independent judgment.
Identify process improvement opportunities within the scope of responsibilities or functional area.
Follow applicable Wells Fargo risk programs, policies, procedures, and compliance obligations; monitor and escalate risks and issues as required.