Senior Lead Commercial Real Estate Portfolio Manager
Wells Fargo
full-time
Posted on:
Location Type: Office
Location: Atlanta • District of Columbia • Florida • United States
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Salary
💰 $159,000 - $305,000 per year
Job Level
About the role
- 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 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 / site visits
- Maintain an in-depth knowledge of the local commercial real estate market
- Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the function, policies, procedures, and compliance requirements
Requirements
- 7+ 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 various facility types including construction, term, bridge, perm, lines of credit, etc. and loan structures including recourse/non-recourse, secured/unsecured, and mezzanine financing
- 5+ years’ experience with commercial property types including multifamily, retail, industrial, and office.
- Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions.
- 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.
- Demonstrated leadership in coaching, training and mentoring
- Strong verbal, written, and interpersonal communication skills
- Advanced Microsoft Excel skills, including formulas and dynamic spreadsheets to support core accounting and finance functions.
- A BS/BA degree or higher
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 managementloan underwritingfinancial analysisproperty level analysismarket researchcredit approvalconstruction loan drawsloan modificationsmezzanine financingadvanced Microsoft Excel
Soft Skills
relationship managementjudgmentleadershipcoachingtrainingmentoringcommunicationinterpersonal skillsproblem-solvingstrategic thinking
Certifications
BS/BA degree