Lead Commercial Real Estate Portfolio Manager

About this role:

Wells Fargo is seeking a Lead Commercial Real Estate Portfolio Manager to join their Multifamily Capital asset management platform. This team member will be responsible for the ongoing risk assessment and risk reporting of a portfolio of Fannie Mae multifamily loans. The Portfolio Manager performs all functions associated with monitoring the performance of a multifamily loan throughout its life, commencing with the initial funding and continuing until satisfaction of the debt or transfer to a special servicer pursuant to investor guidelines.

In this role, you will:

• Manage overall asset management of an assigned portfolio of Fannie Mae performing commercial real estate loans.
• Monitoring, analyzing, and reporting property level operating performance using enterprise and investor reporting applications and tools
• Assessing, analyzing, and reporting risk, conducting loan risk ratings
• Monitoring borrower compliance with loan requirements and covenants
• Performing and/or reviewing property physical inspections/assessment of on-site management staff/local market conditions
• Watch list monitoring, as applicable
• Processing of borrower requests and lender consents
• Administration of collateral reserve accounts
• Managing the daily workflow of the assigned portfolio
• Adhering to all investor and internal risk mitigation practices, reporting requirements and deadlines
• Understanding and adhere to all asset management requirements as communicated by the investor (Fannie Mae via applicable guides, lender memorandums, e-mail, and other correspondence
• Understanding and adhering to all internal credit, risk and internal control policies as are applicable to asset management
• Assisting the broader team on projects when needed

Required Qualifications:

• 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

Desired Qualifications:

• 5 years demonstrating a high-level skill set that encompasses financial analysis, real estate and property management operations, market knowledge, knowledge of mortgage and legal documents, and credit risk analysis
• Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions
• Familiarity with structured loan transactions
• Competence with Fannie Mae or Freddie Mac multifamily asset management technology tools
• Extensive knowledge and understanding of credit and income producing real estate
• Comprehension of complex commercial real estate loan documentation
• Exposure to multifamily real estate development, property management or underwriting
• Excellent Microsoft Office skills with advanced Excel capabilities
• Good understanding of Financial Statements relating to Financial/Credit Analysis
• Understanding of valuation and discounted present value concepts
• Bachelor’s or Master’s degree in Real Estate, Finance, Accounting or related field

Job Expectations:

• Ability to travel (approx.10% or as needed)
• Ability to work additional hours as needed

Posting Locations:

• 500 W. 33rd St (30 Hudson Yards), New York, New York 10001
• 1751 1753 Pinnacle Dr., McLean, VA 22102*
• 550 South Tryon St, Charlotte, North Carolina 28202

Required locations listed above. Relocation assistance is not available for this position.

     *Other Washington DC Metropolitan locations may be considered

This position is not eligible for Visa sponsorship

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• 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

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.