Vice President, Lead Commercial Real Estate Portfolio Manager
About The Position
Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Commercial Real Estate (CRE) provides a fully integrated platform of banking, financing, and capital markets solutions to commercial real estate clients including financial sponsors, institutional investors and asset managers, regional developers, and public and private corporations. About this role: Wells Fargo is seeking a Vice President, Lead Commercial Real Estate Portfolio Manager / Underwriter to assist in managing a group of assigned relationships and commercial real estate loans. This portfolio will be diversified by product type (office, multifamily, industrial, retail, mixed-use, land), facility type (construction, term, bridge, perm, lines of credit, etc.) and loan structure (recourse/non-recourse; secured vs. unsecured; mezzanine financing).
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 experience with commercial property types including multifamily, retail, industrial, office, hospitality, and other asset classes
- Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
- Experience with various facility types including construction, term, bridge, perm, lines of credit, etc. and loan structures including recourse/non-recourse, secured/unsecured, and mezzanine financing
- 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, with advanced capability in Microsoft Excel to support accounting and finance functions
- Demonstrated leadership in coaching, training, and mentoring
- A BS/BA degree or higher
Responsibilities
- Manage a portfolio of commercial real estate loans and investments within Real Estate Banking, our primary balance sheet lending CRE platform
- Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research
- Review and make recommendations for approval (or denial) of loan requests, lease approvals, collateral releases, requests for letters of credit, funding of reserves/loan holdbacks, loan extensions and loan modifications
- Collaborate with senior portfolio managers 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 our loan closing teams to close modifications and new loans, including review of 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 an in-depth knowledge of the local commercial real estate market
- Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements to influence broader work efforts, meet deliverables, and drive initiatives
- Present recommendations for resolving complex situations and exercise independent judgment based on expertise in the function, policies, procedures, and compliance requirements
- Identify opportunities for process improvements within scope of responsibilities or functional area
Benefits
- Wells Fargo is an equal opportunity employer.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
