Vice President - Lead Commercial Real Estate Portfolio Manager

About the role

Wells Fargo is seeking a Vice President, Lead Commercial Real Estate Portfolio Manager - Tax Credit to manage a portfolio of stabilized equity investments from some of our largest and most complex affordable housing clients. The role involves independently managing a portfolio of stabilized LIHTC/affordable housing real estate investments, serving as the primary point of contact for general partners and internal teams.

Responsibilities

• Monitor performance of stabilized assets, including review of third-party reports, inspections, market conditions, and site visits to identify risks or performance issues.
• Analyze financial statements, tax returns, partnership documentation, and sponsor financials to assess asset health, compliance, and credit quality.
• Identify emerging issues, develop recommendations, and execute action plans, including evaluating and communicating risk rating changes to credit partners and senior management.
• Review and underwrite general partner consent requests, such as loan refinances, partnership structure changes, property management changes, and reserve withdrawals.
• Provide leadership through coaching, mentoring, and supporting junior team members, while contributing to asset management process improvement initiatives.
• Oversee and track work outsourced to third-party vendors, ensuring accuracy, timeliness, and alignment with asset management standards.

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.
• 5+ years of LIHTC equity experience across underwriting, asset/portfolio management, financial analysis, or related roles, with strong knowledge of Section 42 regulations and affordable housing fundamentals.
• Proven ability to manage and assess LIHTC/affordable housing assets at all stages, including construction, lease-up, transition to stabilization, and ongoing operations.
• Strong ability to review tax returns, audits, and financial statements, with deep understanding of financial and tax-related issues affecting real estate investments.
• Experience reviewing complex CRE loan, investment, and partnership legal documents. Demonstrated ability to solve complex problems with accuracy.
• Strong organizational skills with demonstrated ability to manage multiple concurrent deals/projects.
• Demonstrated ability to coach, mentor, or support team development.
• Ability to effectively summarize and present complex material to diverse stakeholders.

Desired Qualifications

• Strong knowledge of Section 42 regulations and affordable housing fundamentals.
• Experience managing and assessing LIHTC/affordable housing assets at all stages, including construction, lease-up, transition to stabilization, and ongoing operations.
• Experience reviewing complex CRE loan, investment, and partnership legal documents.
• Proven ability to solve complex problems with accuracy.
• Strong organizational skills with demonstrated ability to manage multiple concurrent deals/projects.
• Demonstrated ability to coach, mentor, or support team development.
• Ability to effectively summarize and present complex material to diverse stakeholders.

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

Posting End Date

21 Jul 2026

Company Information

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.