At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
About this role:
Wells Fargo is seeking a Senior Commercial Real Estate Portfolio Manager/Underwriter to support our Multifamily Capital/Balance Sheet team. Learn more about our career areas and lines of business at wellsfargojobs.com.
In this role, you will:
Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and other relevant resources
Represent Wells Fargo as an industry expert within the assigned market
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 management and originators 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
Lead presentations within a deal team while advocating 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
May review and approve construction loan draws
Conduct quarterly and annual portfolio reviews to identify potential concerns
Conduct property tours
Maintain expert knowledge of Wells Fargo products and services to best deliver the firm and increase revenue generation from our clients
4+ 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
2+ years of commercial real estate underwriting, portfolio management, or related experience
Experience developing and maintaining strong relationships
Familiarity with the nuances of multifamily commercial real estate
In depth knowledge evaluating market conditions, with experience 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 including the ability to conduct presentations at all levels of an organization
Intermediate Microsoft Office skills including a high level of proficiency in Microsoft Excel including various accounting and finance functions
A BS/BA degree or higher
Ability to work additional hours as needed
Ability to travel domestically
Locations: New York, NY; Bethesda, MD; Mclean, VA; Charlotte, NC; Dallas, TX
Internal Number: R-155151
About Wells Fargo
We’re strong for our customers and communities
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852, and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance through more than 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com), and mobile banking and has offices in 31 countries and territories to support customers who conduct business in the global economy.
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are available at Wells Fargo Stories.
Additional information may be found at wellsfargo.com?Twitter: @WellsFargo