Vice President, Lead Commercial Real Estate Portfolio Manager

Wells Fargo•Boston, MA

2d•Onsite

About The Position

Wells Fargo is seeking a Vice President, Lead Commercial Real Estate Portfolio Manager - Tax Credit to manage a portfolio of equity investments from some of our largest and most complex affordable housing clients. This requisition represents multiple VP opportunities across the Tax Credit Asset Manager (TCAM) team, supporting various hiring managers. While the core responsibilities are consistent across roles, individual positions may differ based on portfolio focus (e.g., stabilized vs. pre‑stabilized transactions). Candidates will be evaluated for the best fit across available openings.

Requirements

5+ 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

5+ years of LIHTC experience across underwriting, asset/portfolio management, financial analysis, or related roles, with strong knowledge of Section 42 regulations and affordable housing fundamentals
Proven ability to manage and assess LIHTC/affordable housing assets at all stages, including construction, lease‑up, transition to stabilization, and ongoing operations
Strong ability to review tax returns, audits, and financial statements, with deep understanding of financial and tax‑related issues affecting real estate investments
Experience underwriting perm loan conversions, evaluating construction‑stage deals, and reviewing complex CRE loan, investment, and partnership legal documents
Demonstrated ability to solve complex problems with accuracy, advanced Excel skills
Ability to manage multiple concurrent deals/projects with strong organization; experience coaching, mentoring, or supporting team development.
Ability to effectively summarize and present complex material to diverse stakeholders.

Responsibilities

Independently manage a portfolio of LIHTC/affordable housing real estate investments, serving as the primary point of contact for general partners and internal teams.
Monitor performance of stabilized, construction, and lease‑up assets, including review of third‑party reports, inspections, market conditions, and site visits to identify risks or performance issues.
Analyze financial statements, tax returns, partnership documentation, and sponsor financials to assess asset health, compliance, and credit quality.
Identify emerging issues, develop recommendations, and execute action plans, including evaluating and communicating risk rating changes to credit partners and senior management.
Review and underwrite general partner consent requests, such as loan refinances, partnership structure changes, reserve releases, and capital contribution adjustments.
Evaluate and process capital contribution requests and reserve withdrawals, ensuring calculations, adjusters, and documentation comply with partnership agreements.
Provide leadership through coaching, mentoring, and supporting junior team members, while contributing to asset management process improvement initiatives.
Oversee and track work outsourced to third‑party vendors, ensuring accuracy, timeliness, and alignment with asset management standards.