Job Description
Corporate & Investment Bank (CIB) delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. 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 an Associate, Commercial Real Estate Portfolio Manager in Corporate & Investment Banking as part of Commercial Real Estate to assist in managing a group of assigned relationships and commercial real estate loans. This portfolio will be diversified by product type (primarily seniors housing and student housing, with opportunity for some multifamily, industrial, retail and office) and loan structure (recourse/non-recourse and secured vs. unsecured) and will contain bilateral and syndicated transactions. Learn more about the career areas and lines of business at wellsfargojobs.com . In This Role, You Will Be responsible for the management of 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 / site visits Maintain an in-depth knowledge of the local commercial real estate market Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the function, policies, procedures, and compliance requirements Identify opportunities for process improvements within scope of responsibilities or functional area Required Qualifications: 2+ 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 Desired Qualifications: Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions Familiarity with the commercial property types including seniors housing, student housing, multifamily, retail, industrial, office, hospitality etc. Familiarity 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 including some advanced accounting and finance functions in Microsoft Excel A BS/BA degree or higher Job Expectations: Ability to travel as needed Willingness to work on-site in accordance with current office requirements Ability to work additional hours as needed This position is subject to FIN