Executive Director, Senior Lead Commercial Real Estate Portfolio Manager

Wells Fargo•Boston, MA

1d•Onsite

About The Position

Wells Fargo is seeking an Executive Director, Senior Lead Commercial Real Estate Portfolio Manager to manage a portfolio of complex LIHTC equity investments, providing strategic leadership across some of Wells Fargo’s largest and most sophisticated affordable housing clients. This Executive Director role requires deep experience in LIHTC equity asset management, particularly the ability to independently monitor a portfolio of prestabilized assets.

Requirements

7+ 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
Candidates must successfully complete and pass a background check prior to hire.
Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.

Nice To Haves

7+ years of LIHTC experience across underwriting, portfolio/asset management, workouts, and dispositions, with strong knowledge of Section 42 and affordable housing fundamentals
Proven experience negotiating Investor Limited Partner (ILP) exits and leading exit/workout strategies, including interpreting partnership agreements and executing disposition plans
Advanced financial and tax analysis capabilities, with demonstrated ability to model deal economics and assess credit/portfolio impacts
Proficiency with complex CRE and partnership documentation, including underwriting perm loan conversions and evaluating construction-stage transactions
Executive-level communication and stakeholder management, with a track record of influencing cross-functional partners and senior leaders
Leadership experience includes coaching, training, mentoring, and directing project teams in a fast-paced environment
Strong analytical skills and advanced Excel proficiency, with exceptional attention to detail and sound judgment in complex situations
Bachelor’s or Master’s degree in Real Estate, Finance, Accounting or related field

Responsibilities

Independently manage a portfolio of complex LIHTC equity investments, serving as the primary point of contact for general partners and internal stakeholders.
Monitor performance across construction, lease-up, and stabilized stages, directing market assessments, reviewing third-party inspections, conducting site visits, and identifying emerging risks.
Lead risk governance for the portfolio, including surveillance for changes in risk ratings and delivering recommendations to credit partners and senior management.
Analyze financial statements, tax returns/audits, and partnership documentation; review and underwrite general partner consent requests; and evaluate capital contribution and reserve withdrawal requests.
Drive issue identification and execution of action plans for troubled investments.
Champion asset-management process improvements and cross-functional resolutions.
Provide executive leadership through coaching and mentoring talent, leading projects and teams, and collaborating with CRE partners and managers to resolve complex issues and achieve strategic goals.