Executive Director, Senior Lead Commercial Real Estate Portfolio Manager

About the role

Wells Fargo is seeking an Executive Director, Senior Lead Commercial Real Estate Portfolio Manager / Underwriter to manage a group of assigned relationships and commercial real estate loans. This portfolio will be concentrated in multifamily, affordable housing, but diversified by facility type (construction, bridge, letters of credit, perm, lines of credit, etc.) and loan structure (recourse/non-recourse; secured vs. unsecured).

Responsibilities

• 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, extensions and modifications.
• Collaborate with senior management 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.
• 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.

Requirements

• 7+ 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 multifamily, affordable housing, including the Low-Income Housing Tax Credit program.
• 5+ years' experience with various facility types including construction, bridge, letters of credit, perm, lines of credit, etc. and loan structures including recourse/non-recourse and secured/unsecured.
• Demonstrated expertise in building and sustaining client relationships while driving the successful execution of complex transactions.
• Strong judgment and analytical acumen applied to credit approval, deal structuring, and ongoing portfolio management recommendations.
• Expertise in leveraging analytical conclusions to inform credit approval, structuring, and management decisions with sound judgment.
• Experience evaluating market conditions and identifying appropriate comparable properties.
• Strong verbal, written, and interpersonal communication skills.
• Ability to interact with all levels of an organization.
• Intermediate Excel skills, including advanced accounting and finance functions.

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.

Benefits

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement