Executive Director, Senior Lead Commercial Real Estate Portfolio Manager

Wells Fargo Bank•Los Angeles, CA

19h

About The Position

Wells Fargo is seeking a Senior Lead Commercial Real Estate Portfolio Manager / Underwriter to manage a group of assigned relationships and commercial real estate loans. This portfolio will be concentrated in multifamily – affordable housing, but diversified by facility type (construction, bridge, letters of credit, perm, lines of credit, etc.) and loan structure (recourse/non-recourse; secured vs. unsecured). In this role, you will be responsible for the management of a portfolio of commercial real estate loans within Community Lending & Investment (CLI), our primary CRE balance sheet lending platform for multifamily-affordable housing. 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, extensions and modifications. You will collaborate with senior management 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. You will conduct quarterly and annual portfolio reviews to identify potential concerns and conduct property tours / site visits. You will maintain an in-depth knowledge of the local commercial real estate market. You will supervise a team of analysts and conducted performance evaluations to support development and accountability.

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.

Nice To Haves

Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions.
Familiarity with multifamily – affordable housing, including the Low-Income Housing Tax Credit program.
Familiarity with various facility types including construction, bridge, letters of credit, perm, lines of credit, etc. and loan structures including recourse/non-recourse and secured/unsecured.
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.

Responsibilities

Manage a portfolio of commercial real estate loans within Community Lending & Investment (CLI).
Analyze and underwrite new loan opportunities within the assigned portfolio.
Review and make recommendations for approval (or denial) of loan requests, extensions and modifications.
Collaborate with senior management 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 loan closing teams to close modifications and new loans.
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.
Supervise a team of analysts and conducted performance evaluations.