Associate - Commercial Real Estate Underwriter/Portfolio Manager
Location: San Francisco, California
Type: Full Time
Eligible for annual variable bonus
Internal Number: R-165609
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 Commercial Real Estate Portfolio Manager to manage and underwrite an assigned group of relationships and commercial real estate loans.
In this role, you will:
Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research
Assist in the management of a portfolio of commercial real estate loans and investments within Real Estate Banking, our primary balance sheet lending CRE platform
In conjunction with senior team members, 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 coverage bankers to develop strategies around relationship optimization and deal-level execution including screening, underwriting, negotiating, closing, and asset management of loans
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
Collaborate with senior team members to 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
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 client
2+ 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
2+ 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 various commercial property types
Experience evaluating market conditions and identifying appropriate comparable properties utilizing tools such as CoStar and ARGUS
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 a high level of proficiency in Microsoft Excel including various accounting and finance functions
We’re strong for our customers and communities
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852, and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance through more than 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com), and mobile banking and has offices in 31 countries and territories to support customers who conduct business in the global economy.
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are available at Wells Fargo Stories.
Additional information may be found at wellsfargo.com?Twitter: @WellsFargo