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Vice President - Commercial Real Estate Portfolio Manager / Underwriter (Real Estate Banking)

Company: Wells Fargo
Location: Scottsdale
Posted on: September 24, 2022

Job Description:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo.It all begins with outstanding talent. It all begins with you. About this role:Wells Fargo is seeking a Senior Commercial Real Estate Portfolio Manager / Underwriter to manage a group of assigned relationships and commercial real estate loans.This portfolio will be diversified by product type (office, multifamily, industrial, retail, mixed-use, land), facility type (construction, term, bridge, perm, lines of credit, etc.) and loan structure (recourse/non-recourse; secured vs. unsecured; mezzanine financing).In this role, you will:

  • Be responsible for the management of a portfolio of commercial real estate loans and investments within Real Estate Banking, our primary balance sheet lending CRE platform
  • 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, lease approvals, collateral releases, requests for letters of credit, funding of reserves/loan holdbacks, loan extensions and loan 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
  • Maintain general knowledge of Wells Fargo products and services to best deliver the firm to the clientRequired Qualifications:
    • 4+ years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:
      • 4+ years of commercial real estate origination underwriting and portfolio management experience
      • Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
      • Familiarity with the commercial property types including multifamily, retail, industrial, office, hospitality etc.
      • Familiarity with various facility types including construction, term, bridge, perm, lines of credit, etc. -and loan structures including recourse/non-recourse, secured/unsecured, and mezzanine financing
      • Experience evaluating market conditions and identifying appropriate comparable properties
      • Ability to apply sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations
      • 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
      • A BS/BA degree or higherJob Expectations:
        • Ability to work additional hours as needed
        • Ability to travel domesticallyWe Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.Candidates applying to job openings posted in US: -All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Keywords: Wells Fargo, Scottsdale , Vice President - Commercial Real Estate Portfolio Manager / Underwriter (Real Estate Banking), Executive , Scottsdale, Arizona

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