Wells Fargo

Commercial Real Estate Portfolio Manager

Wells Fargo

full-time

Posted on:

Location Type: Office

Location: Los Angeles • California • Colorado • United States

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Salary

💰 $85,000 - $145,000 per year

About the role

  • 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.
  • Work closely with the Portfolio Manager to jointly analyze and underwrite new loan opportunities, utilizing a combination of market research, internal portfolio data, client information, and third‑party insights.
  • 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.

Requirements

  • 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
  • Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
  • Familiarity with multifamily – affordable housing, including the Low-Income Housing Tax Credit program
  • Familiarity 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
  • 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.
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
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
Commercial Real Estate Portfolio ManagementFinancial AnalysisMarket ResearchLoan UnderwritingCredit ApprovalProperty Level AnalysisConstruction Loan DrawsLoan ModificationsAnalytical JudgmentTransaction Execution
Soft Skills
Relationship ManagementCommunication SkillsInterpersonal SkillsCollaborationStrategic DevelopmentProblem SolvingJudgmentOrganizational SkillsAdvocacyCustomer Service
Certifications
Low-Income Housing Tax Credit Program Familiarity