Tax Credit Asset Manager Lead Commercial Real Estate Portfolio Manager, Wells Fargo

Wells Fargo

120400.00 - 262600.00 USD / Year

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Wells Fargo is seeking a Tax Credit Asset Manager- Lead Commercial Real Estate Portfolio Manager.

Lead complex initiatives including those that are companywide with broad impact
Act as key participant in large scale planning for Commercial Real Estate Portfolio Management functional area
Review and research complex, multifaceted, large scale, and long term business challenges that require in-depth evaluation of multiple factors including intangibles or unprecedented factors
Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and lead broader work team to meet deliverables and drive new initiatives
Collaborate and consult with Commercial Real Estate Portfolio Management peers, colleagues, and mid level to more experienced managers to resolve issues and achieve goals
Lead projects, teams, or serve as a peer mentor

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
3+ years of experience in the Low-Income Housing Tax Credit (LIHTC) industry with one or more of the following functional roles: Real Estate Underwriting, Portfolio Management, Fund Management, Asset Management (Tax Credit Asset Management a plus), Real Estate Workouts, Financial Analysis, Accounting
Familiarity and ability to review tax returns and audits for LIHTC partnerships
Knowledge of IRS Code Section 42 regulations and compliance requirements
Familiarity with Real Estate partnership and Real Estate fund agreement legal documents
Ability to effectively underwrite perm loan conversions
Experience negotiating Investor Limited Partner (ILP) exits from Real Estate Partnerships
Experience managing multifamily housing projects during construction
Advanced knowledge of financial issues and tax issues pertaining to Real Estate
Extensive knowledge and understanding of tax credit and income producing real estate
Experience with tax credit syndication
Advanced Microsoft Excel skills
Strong analytical skills and ability to solve complex technical problems
Strong project management skills including the ability to handle multiple projects concurrently
Experience with coaching, training, and mentoring
Bachelor’s or master’s degree in real estate, Finance, Accounting or related field

What we offer:

Employment Type:

Fulltime

Work Type:

Hybrid work

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