Vice President, Lead Commercial Real Estate Portfolio Manager
Wells FargoAbout the role
Job Description
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).
In this role, you will:
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
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:
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
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