This list contains only the countries for which job offers have been published in the selected language (e.g., in the French version, only job offers written in French are displayed, and in the English version, only those in English).
Wells Fargo is seeking an Associate, Commercial Real Estate Portfolio Manager to assist in underwriting, closing and managing a group of assigned digital real estate loans in partnership with Clients, CRE Coverage Bankers, Loan Closers, Counsel and Credit Risk. This portfolio will be diversified by facility type (construction, term, devco, bridge, lines of credit, etc.) and loan structure (recourse/non-recourse) and will contain bilateral and syndicated transactions.
Job Responsibility:
Be responsible for the management of an assigned portfolio of digital real estate loans and investments within Digital Real Estate, a fast paced, high demand / growth team primarily focused on the data center vertical
Analyze, underwrite and present new opportunities to business leaders and credit officers
Review term sheets and loan documents
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
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
Maintain an in-depth knowledge of the data center industry, relevant markets and sector trends
Present recommendations for resolving more complex situations and exercising independent judgment while developing expertise in the function, policies, procedures, and compliance requirements
Perform both sponsorship and loan level financial analysis
Complete in-depth property level analysis and market research, including review of third-party reports
Present and advocate to credit committee for approval of loans
Work with internal / external counsel, internal compliance, and our loan closing teams to close new loans and loan modifications
Conduct quarterly and annual portfolio reviews to identify potential concerns
Conduct property tours / site visits
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
Familiarity 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
Experience underwriting digital real estate loans
Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
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
strong analytical skills with high attention to detail and accuracy
Ability to interact with all levels of an organization
Advanced Microsoft Excel skills, including formulas and dynamic spreadsheets to support core accounting and finance functions
A BS/BA degree or higher
Ability to travel as needed
Willingness to work on-site in accordance with current office requirements
Ability to work additional hours as needed
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.
Nice to have:
Familiarity 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
Experience underwriting digital real estate loans
Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
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
strong analytical skills with high attention to detail and accuracy
Ability to interact with all levels of an organization
Advanced Microsoft Excel skills, including formulas and dynamic spreadsheets to support core accounting and finance functions
A BS/BA degree or higher
What we offer:
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance