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Vice President, Lead Commercial Real Estate Portfolio Manager
Wells FargoVice President managing a portfolio of commercial real estate loans as part of Wells Fargo's banking services. Analyzing market opportunities and collaborating with clients across various property types.
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
commercial real estate portfolio managementfinancial analysismarket researchloan underwritingcredit approvalconstruction loan managementloan modificationproperty level analysistransaction executionprocess improvement
Soft Skills
relationship managementcommunication skillsjudgmentleadershipcoachingmentoringproblem-solvingcollaborationindependent decision-makinginterpersonal skills
Tools & Technologies
Microsoft OfficeMicrosoft Excel
Certifications & Qualifications
BS/BA degree
Industry Keywords
commercial real estateasset classesloan structuresrecourse financingnon-recourse financingsecured financingunsecured financingmezzanine financingportfolio reviewscredit committee
About the role
Key responsibilities & impact- Manage 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 portfolio managers 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 and site visits
- Maintain an in-depth knowledge of the local commercial real estate market
- Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements to influence broader work efforts, meet deliverables, and drive initiatives
- Present recommendations for resolving complex situations and exercise independent judgment based on expertise in the function, policies, procedures, and compliance requirements
- Identify opportunities for process improvements within scope of responsibilities or functional area
Requirements
What you’ll need- 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 experience with commercial property types including multifamily, retail, industrial, office, hospitality, and other asset classes
- Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
- Experience 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, with advanced capability in Microsoft Excel to support accounting and finance functions
- Demonstrated leadership in coaching, training, and mentoring
- A BS/BA degree or higher
Benefits
Comp & perks- This position is not eligible for VISA sponsorship
- This position is subject to FINRA background screening requirements
- Wells Fargo maintains a drug free workplace