Jobs and Careers

Tax Credit Asset Manager Lead Commercial real Estate Portfolio Manager

Wells Fargo

Los Angeles, United Statesfull_timeVerifiedPosted 27 Jun 2025

💰 $262,600/yr($120,400/yr – $262,600/yr)

About the role

About this role:

Wells Fargo is seeking a Tax Credit Asset Manager- Lead Commercial Real Estate Portfolio Manager.

In this role, you will:

Lead complex initiatives including those that are companywide with broad impact
Act as key participant in large scale planning for Commercial Real Estate Portfolio Management functional area
Review and research complex, multifaceted, large scale, and long term business challenges that require in-depth evaluation of multiple factors including intangibles or unprecedented factors
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 and consult with Commercial Real Estate Portfolio Management peers, colleagues, and mid level to more experienced managers to resolve issues and achieve goals
Lead projects, teams, or serve as a peer mentor

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:

3+ years of experience in the Low-Income Housing Tax Credit (LIHTC) industry with one or more of the following functional roles: Real Estate Underwriting, Portfolio Management, Fund Management, Asset Management (Tax Credit Asset Management a plus), Real Estate Workouts, Financial Analysis, Accounting
Familiarity and ability to review tax returns and audits for LIHTC partnerships
Knowledge of IRS Code Section 42 regulations and compliance requirements
Familiarity with Real Estate partnership and Real Estate fund agreement legal documents
Ability to effectively underwrite perm loan conversions
Experience negotiating Investor Limited Partner (ILP) exits from Real Estate Partnerships
Experience managing multifamily housing projects during construction
Advanced knowledge of financial issues and tax issues pertaining to Real Estate
Extensive knowledge and understanding of tax credit and income producing real estate
Experience with tax credit syndication
Advanced Microsoft Excel skills
Strong analytical skills and ability to solve complex technical problems
Strong project management skills including the ability to handle multiple projects concurrently
Experience with coaching, training, and mentoring
Bachelor’s or master’s degree in real estate, Finance, Accounting or related field
Tax Credits is not a functional role

Job Expectations:

Ability to travel up to 10% of the time
Ability to work additional hours as needed
This role requires 4 days in the office and 1 day remote
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.

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$120,400.00 - $262,600.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.