Analyst - Commercial Real Estate Portfolio Associate

About the Role

Wells Fargo is seeking a Commercial Real Estate Portfolio Associate for our Portfolio Surveillance and Servicing Team within Wells Fargo Multifamily Capital (MFC). This employee will support Fannie Mae, Freddie Mac, and FHA Asset Management with meeting various portfolio oversight tasks and deadlines. Specific domains include hazard loss administration, property operating statement collection and analysis, site inspection coordination, covenant monitoring, interest rate hedge administration, and reserve draw administration.

In This Role, You Will

• Collaborate and consult with MFC colleagues, internal partners, and external customers to manage portfolio risk and provide best-in-class customer service.
• Oversee hazard loss claims, confirming repairs are made in accordance with underlying loan documents and Agency requirements.
• Support Asset Managers with property operating statement submissions, ensuring timely analysis and delivery in accordance with Fannie Mae, Freddie Mac, and FHA requirements and expectations.
• Assist with the ordering and tracking of property site inspections, ensuring timely delivery of reports in accordance with Fannie Mae, Freddie Mac, and FHA guidelines.
• Follow up with Asset Managers and/or Borrowers as needed to close identified deferred maintenance items.
• Identify, understand, and review various trigger covenants identified in the loan documents for assignment to respective Asset Managers.
• Administer interest rate hedge renewals, resizing's, and reimbursements to borrowers.
• Present recommendations for resolving less complex situations and exercise independent judgment while developing expertise in the function, policies, procedures, and compliance requirements.
• Contribute to management or control of operational and financial risk to MFC.
• Contribute to improving efficiency with the technological tools made available through Wells Fargo.

Required Qualifications

• 6+ months 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

• Ability to multi-task, achieve tight timeframes, and stay organized.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to adapt and learn new software systems.
• Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills.
• Ability to read, interpret and understand complex Commercial Real Estate (CRE) loan documents.
• Experience working with Fannie Mae, Freddie Mac, and/or FHA loans.
• Solid problem solving and decision-making skills.
• Strong analytical skills with high attention to detail and accuracy.
• Ability to effectively communicate with varying internal bank personnel, customers, consultants.

Job Expectations

• Ability to travel as needed (anticipated < 10% time travelling).
• Willingness to work on-site in accordance with current office requirements.
• This position is not eligible for VISA sponsorship.
• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of 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.