Vice President, Lead Commercial Real Estate Portfolio Manager

About the role

Wells Fargo is seeking a 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

• 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

• 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 with multifamily - affordable housing, including the Low-Income Housing Tax Credit program.
• 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.
• 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 Microsoft Office skills including some advanced accounting and finance functions in Microsoft Excel.