Specialty Real Estate Finance (SREF) Portfolio Management Senior Manager

at  Wells Fargo

WHY WELLS FARGO:

Are you ready for the next step in your career? This is where it begins - at a company known for our “Well Life” approach to supporting employees’ career aspirations, work-life balance, and mental and physical health. We ranked #2 on the 2023 Linkedln Top Companies list - and #1 among financial services companies - as the best workplace “to grow your career” in the U.S. We’re especially proud of our tangible, meaningful commitment to diversity, equity, and inclusion in the workplace. When it comes to employees’ financial health, we offer competitive salaries and generous benefits package. Apply today.

APPLICANTS WITH DISABILITIES

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

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

Required Qualifications:

• 6+ 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 Management experienc

Desired Qualifications:

• 3+ years of leadership experience (coaching, training, mentoring, etc) as demonstrated through current, previous, or extracurricular roles
• In depth knowledge and understanding of commercial real estate lending, underwriting, loan structuring and capital markets
• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Experience developing and cultivating professional relationships internally and externally
• Ability to interact with all levels of an organization and work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
• Ability to work independently with sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations
• Ability to interact with integrity and a high level of professionalism with all levels of customers, team members and management
• A Bachelor’s Degree or higher in accounting, finance, real estate, or other applicable degre

Wells Fargo is seeking a Commercial Real Estate - Specialty Real Estate Finance (SREF) Portfolio Management Manager to be responsible for day-to-day management of a portion of the SREF loan portfolio. The position will include leading a team of portfolio managers and associates. This team lead role will report directly to the SREF Head of Portfolio Management and Underwriting. Learn more about our career areas and lines of business at wellsfargojobs.com.

In this role, you will:

• Manage and develop a team of portfolio managers
• Engage stakeholders and internal partners associated with the Commercial Real Estate Portfolio Management functional area
• Effectively execute control procedures over all PM related processes
• Work in conjunction with the coverage team for new originations and closings, and assume responsibility of the loan asset management post-closing
• Work with the Loan Administration, Wholesale Loan Office and Treasury Management teams to portfolio manage existing loans, including but not limited to: producing monthly and quarterly reporting, managing loan maturities, modifications/extensions, earnouts, collateral contributions and releases, cash management, construction draws, and TM approvals.
• Ensure all loans are appropriately hedged and work with the Credit and FX/Derivatives teams to develop hedging solutions for the client and ensure clear communication by the IBCM team
• Monitor, review, and quality control Annual Financial Reviews, loan grading justifications, and ongoing monthly and quarterly PRT reporting
• Manage the preparation, coordination, and presentation of the quarterly portfolio reporting processes
• Drive operational efficiency, including transitioning work to WFIP, and leverage technology to improve productivity and client service
• Interact with internal and external audit (RAR, SNC, OCC etc.) or regulatory inquiries, as needed
• Manage the reporting and resolutions of customer complaints, redress events or fraud events, and operational risk events, as needed
• Identify and recommend opportunities for process improvement, quality data control, and risk control development
• Utilize experience with credit policy and regulatory matters to lead collaboration around broader CRE level credit and operational risk efforts
• Collaborate with CRE Portfolio Management, COO team, Technology team, CRE Control, CRE Internal Risk Management (IRM), Audit, Finance, Treasury, and Legal departments to execute and lead efforts to develop systems and solutions in the reporting and optimization of the portfolio
• Make decisions and resolve issues regarding resources, objectives, and the day to day operations of SREF portfolio management to meet business objectives
• Contribute to the Risk Control Self Assessment ("RCSA") initiative and issues management objectives
• Lead and provide input as an SME on CRE special projects and initiatives

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.

Required Qualifications:

• 6+ 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 Management experience

Desired Qualifications:

• 3+ years of leadership experience (coaching, training, mentoring, etc) as demonstrated through current, previous, or extracurricular roles
• In depth knowledge and understanding of commercial real estate lending, underwriting, loan structuring and capital markets
• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Experience developing and cultivating professional relationships internally and externally
• Ability to interact with all levels of an organization and work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
• Ability to work independently with sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations
• Ability to interact with integrity and a high level of professionalism with all levels of customers, team members and management
• A Bachelor’s Degree or higher in accounting, finance, real estate, or other applicable degree

Posting Locations:

• 550 S Tryon St, Charlotte, NC
• 500 W 33rd St, New York, NY
• 1700 K St NW, Washington, D.C.

Pay Range:

• $144,400.00 - $300,000.00 USD Annually

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 Ill, 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.