VP – Lead Commercial Real Estate Portfolio Manager
Wells Fargo
full-time
Posted on:
Location Type: Office
Location: Boston • California • Colorado • United States
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Salary
💰 $150,000 - $200,000 per year
Job Level
About the role
- Independently manage a portfolio of LIHTC/affordable housing real estate investments, serving as the primary point of contact for general partners and internal teams.
- Monitor performance of stabilized, construction, and lease‑up assets, including review of third‑party reports, inspections, market conditions, and site visits to identify risks or performance issues.
- Analyze financial statements, tax returns, partnership documentation, and sponsor financials to assess asset health, compliance, and credit quality.
- Identify emerging issues, develop recommendations, and execute action plans, including evaluating and communicating risk rating changes to credit partners and senior management.
- Review and underwrite general partner consent requests, such as loan refinances, partnership structure changes, reserve releases, and capital contribution adjustments.
- Evaluate and process capital contribution requests and reserve withdrawals, ensuring calculations, adjusters, and documentation comply with partnership agreements.
- Provide leadership through coaching, mentoring, and supporting junior team members, while contributing to asset management process improvement initiatives.
- Oversee and track work outsourced to third‑party vendors, ensuring accuracy, timeliness, and alignment with asset management standards.
Requirements
- 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 of LIHTC experience across underwriting, asset/portfolio management, financial analysis, or related roles, with strong knowledge of Section 42 regulations and affordable housing fundamentals
- Proven ability to manage and assess LIHTC/affordable housing assets at all stages, including construction, lease‑up, transition to stabilization, and ongoing operations
- Strong ability to review tax returns, audits, and financial statements, with deep understanding of financial and tax‑related issues affecting real estate investments
- Experience underwriting perm loan conversions, evaluating construction‑stage deals, and reviewing complex CRE loan, investment, and partnership legal documents
- Demonstrated ability to solve complex problems with accuracy, advanced Excel skills
- Ability to manage multiple concurrent deals/projects with strong organization; experience coaching, mentoring, or supporting team development.
- Ability to effectively summarize and present complex material to diverse stakeholders.
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
LIHTCfinancial analysisunderwritingasset managementportfolio managementtax return reviewfinancial statement analysisExcelconstruction-stage evaluationCRE loan documentation
Soft Skills
problem solvingorganizationcoachingmentoringcommunicationleadershipteam developmentpresentation skills