Commercial Real Estate Program Analyst- Multifamily -Affordable Housing

Wells Fargo Bank•New York, NY

4d•$100,000 - $110,000•Onsite

About The Position

Commercial Real Estate Program Analyst (2nd year) - Multifamily- Affordable Housing Wells Fargo is seeking talent t o join as a Commercial Real Estate Program Analyst in Corporate and Investment Banking. Learn more about the career areas and lines of business at wellsfargojobs.com Commercial Real Estate Overview Commercial Real Estate provides a fully integrated platform of banking, financing, and capital markets as well as financial products and services to clients including financial sponsors, institutional investors, asset managers, regional developers, and public and private corporations. We've built the strongest commercial real estate lending platform in the industry. The CIB Commercial Real Estate Early Career Program is non-rotational. Offers are made for a specific Commercial Real Estate business and location: Multifamily Capital (MFC) specializes in financing multifamily properties through Fannie Mae, Freddie Mac, and FHA programs. The team is highly experienced in originating, underwriting, and closing across these platforms and is recognized as a top multifamily loan servicer, committed to delivering superior customer service throughout the loan lifecycle. MFC also offers balance sheet financing, direct tax-exempt bond purchases, and Life Company loans, providing flexible solutions to meet the diverse needs of multifamily-focused clients. In this role: WHAT THE PROGRAM OFFERS You will work closely with the senior bankers in your office to underwrite real estate and develop a deep understanding of market fundamentals and borrower’s balance sheet profiles. You will also assist senior bankers when they meet with their clients on a regular basis to ensure we continue to meet their needs and to identify future opportunities. You will become an integral part of your office’s team and have the opportunity to assume a significant amount of responsibility that may include: Assembling complex financial models that project the potential financial performance of an asset as well as underwriting risks associated with market demand, supply, net effective rents, expenses, capitalization rates, and tenant quality. Researching specific real estate markets and assessing market data and trends affecting demand generators, risk presented by new supply, and comparable properties. Identifying credit issues early in the underwriting process and recommending ways to reduce exposure. Preparing borrower/guarantor financial reviews as well as writing memorandums focused on a borrower’s and guarantor’s adjusted net worth, leverage, liquidity, and other key risk factors, including cash flows and ability to service debt. Assist in developing pitches for prospective clients, create due diligence reports and track transaction and market data on an ongoing basis. Assist in developing all transaction documents including term sheet, offering memorandum and collateral data tape. Reviewing and assisting in the development of loan agreements and ancillary documents related to the closing of a transaction. Participating in property tours and site visits to develop a deeper understanding of the viability of the real estate and the related transaction. Engaging vendors to facilitate ordering and analyzing third-party reports, including appraisals, property condition reports, environmental reports, and costing analyses. Program duration: 2-year program

Requirements

6+ months of Commercial Real Estate Relationship Management - Program experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Nice To Haves

Knowledge and understanding of financial markets
Strong analytical skills with high attention to detail and accuracy
Ability to be proactive, innovative and creative in meeting customer and enterprise needs
Ability to initiate action, make difficult decisions, and generate creative solutions
Ability to interact with integrity and a high level of professionalism with all levels of team members and management
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Ability to shift priorities as workflow/volume dictates
Ability to take on a high level of responsibility, initiative, and accountability
Ability to work effectively in a team environment
Good verbal, written, and interpersonal communication skills
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
A BS/BA degree or higher with a graduation year in 2024

Responsibilities

Assembling complex financial models that project the potential financial performance of an asset as well as underwriting risks associated with market demand, supply, net effective rents, expenses, capitalization rates, and tenant quality.
Researching specific real estate markets and assessing market data and trends affecting demand generators, risk presented by new supply, and comparable properties.
Identifying credit issues early in the underwriting process and recommending ways to reduce exposure.
Preparing borrower/guarantor financial reviews as well as writing memorandums focused on a borrower’s and guarantor’s adjusted net worth, leverage, liquidity, and other key risk factors, including cash flows and ability to service debt.
Assist in developing pitches for prospective clients, create due diligence reports and track transaction and market data on an ongoing basis.
Assist in developing all transaction documents including term sheet, offering memorandum and collateral data tape.
Reviewing and assisting in the development of loan agreements and ancillary documents related to the closing of a transaction.
Participating in property tours and site visits to develop a deeper understanding of the viability of the real estate and the related transaction.
Engaging vendors to facilitate ordering and analyzing third-party reports, including appraisals, property condition reports, environmental reports, and costing analyses.