Vice President, Lead Commercial Real Estate Portfolio Manager

Wells Fargo & Company•New York, NY

18h•$143,000 - $224,000•Hybrid

About The Position

Wells Fargo is seeking a Vice President, 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).

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

3+years’ experience with multifamily, affordable housing, including the Low-Income Housing Tax Credit program
3+years’ experience 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
Demonstrated expertise in building and sustaining client relationships while driving the successful execution of complex transactions
Strong judgment and analytical acumen applied to credit approval, deal structuring, and ongoing portfolio management recommendations.
Expertise in leveraging analytical conclusions to inform credit approval, structuring, and management decisions with sound judgment
Experience evaluating market conditions and identifying appropriate comparable properties.
Strong verbal, written, and interpersonal communication skills.
Ability to interact with all levels of an organization.
Intermediate Excel skills, including advanced accounting and finance functions

Responsibilities

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.
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, 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 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 / site visits.
Maintain an in-depth knowledge of the local commercial real estate market.