Lead Commercial Real Estate Portfolio Manager - VP

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 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