Lead Commercial Real Estate Portfolio Manager - VP

Lead Commercial Real Estate Portfolio Manager / Underwriter

Wells Fargo is seeking a 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).

In this role, you will:

• 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
• Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and lead broader work team to meet deliverables and drive new initiatives
• 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
• 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

Required Qualifications:

• 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

Desired Qualifications:

• 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 with commercial property types including multifamily, retail, industrial, and office.
• Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions.
• 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
• Demonstrated leadership in coaching, training and mentoring
• Strong verbal, written, and interpersonal communication skills
• Advanced Microsoft Excel skills, including formulas and dynamic spreadsheets to support core accounting and finance functions
• 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 not eligible for VISA sponsorship

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.