At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

 

About this role:

Wells Fargo is seeking a Lead Commercial Real Estate Asset Manager to support our Balance Sheet Team in our Multifamily Capital (MFC) division. Learn more about our career areas and lines of business at wellsfargojobs.com.

In this role, you will:

Assess, analyze and report balance sheet and investor risk

Monitor, analyze, and report property level operating performance using enterprise and investor reporting applications and tools

Monitor borrower compliance with loan requirements and covenants

Conduct risk ratings

Perform and/or review property physical inspections/assessment of on-site management staff/local market conditions

Complete watch list monitoring

Perform processing of lender consents

Administration of insurance losses and processing draws on collateral reserve accounts

Manage the daily workflow of the assigned portfolio

Adhere to all investor and internal risk mitigation practices, reporting requirements and deadlines

Understand and adhere to all asset management requirements as communicated by the investor (internal or external - Fannie Mae, Freddie Mac, etc. ) via applicable guides, lender memorandums, email and other correspondence

Understand and adhere to all internal credit, risk and internal control policies as are applicable to asset management

Assist the broader Balance Sheet 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:

Advanced Microsoft Excel skills

Familiarity with highly structured loan transactions

Experience in asset managing commercial bank balance sheet loans, Fannie Mae, Freddie Mac or Commercial Mortgage Backed Securities (CMBS)

Communication skills that include experience presenting to varying levels of management

Ability to multi-task, achieve tight timeframes, and stay organized in fast-paced, complex environment while functioning both independently and as part of a team

Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions

Knowledge and understanding of credit and income producing real estate

Strong attention to detail and accuracy skills

Ability to read and understand complex commercial real estate loan or real estate investment documentation

A BS/BA degree or higher in business, finance, accounting, real estate or a related field

Job Expectations:

Ability to work additional hours as needed

Ability to travel as needed including overnight trips

Pay Range:

New York, New York: $138,500 - $185,000 USD Base Pay Annually

Posting Locations:

500 West 33rd St, New York, New York

550 S Tryon St, Charlotte, North Carolina

Required locations listed above.

Relocation assistance is not available for this position.

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.

$120,400.00 - $287,600.00

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 benefits401(k) PlanPaid time offDisability benefitsLife insurance, critical illness insurance, and accident insuranceParental leaveCritical caregiving leaveDiscounts and savingsCommuter benefitsTuition reimbursementScholarships for dependent childrenAdoption reimbursement

Posting End Date:

22 Sep 2024

*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.