Executive Director, Senior Lead Commercial Real Estate Portfolio Manager
Wells Fargo
- Location
- NEW YORK, NY
- Work model
- On-Site
- Level
- Staff
- Posted
- 17h ago
About this role
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 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). In this role, you will: Be responsible for the management of a portfolio of commercial real estate loans within Community Lending & Investment (CLI), our primary CRE balance sheet lending platform for multifamily-affordable housing. 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. 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.
Required Qualifications
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 This position is not eligible for VISA sponsorship This position is subject to FINRA background screening