Vice President-Lead Commercial Real Estate Portfolio Manager at Wells Fargo

Boston, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

27 Mar, 26

Salary

224000.0

Posted On

27 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Commercial Real Estate Portfolio Management, Low-Income Housing Tax Credit, Real Estate Underwriting, Asset Management, Financial Analysis, Accounting, Market Assessment, Negotiation, Project Management, Analytical Skills, Communication Skills, Leadership, Attention to Detail, Microsoft Excel, Customer Service, Problem Solving

Industry

Financial Services

Description

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Commercial Real Estate (CRE) provides a fully integrated platform of banking, financing, and capital markets solutions to commercial real estate clients including financial sponsors, institutional investors and asset managers, regional developers, and public and private corporations. About this role: Wells Fargo is seeking a Vice President-Lead Commercial Real Estate Portfolio Manager- Tax Credit Portfolio Manager to manage a portfolio of equity investments from some of our largest and most complex affordable housing clients. In this role, you will: Provide coaching and mentoring for more junior employees Provide a single point of contact with general partners and internal departments regarding assigned assets Independently manage a portfolio of investments in real estate partnerships Identify and analyze issues, and recommend and execute action plans Monitor investment and property performance, including construction and lease-up progress Analyze tax returns and property and sponsor financial statements Review third-party inspections and reports in compliance with Low Income Housing Tax Credit (LIHTC) regulations Review requests for capital contributions and reserve releases, including calculations of adjustments to capital contributions due to adjusters Underwrite general partner consent requests (including loan refinances and changes in partnership structures) Perform site visits Negotiate and execute the exit of Wells Fargo from investment partnerships Assess markets in which assets reside, identify market and sub-market risks and issues Participate and/or supervising projects related to asset management process improvement Track any tasks outsourced to third parties 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 peers, colleagues, and mid-level to more experienced managers to resolve issues and achieve goals Lead projects, teams, or serve as a peer mentor 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 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, Asset Management, Tax Credits, Real Estate Workouts, Financial Analysis, Accounting Knowledge of Affordable and Low-Income Housing Ability to review tax returns and audits for LIHTC partnerships Knowledge of Section 42 regulations and compliance Familiarity with partnership legal documents Ability to effectively underwrite perm loan conversions Experience negotiating Investor Limited Partner (ILP) exits Experience managing deals under construction Ability to read and understand complex commercial real estate loan or real estate investment documentation, securitization documents, including pooling and servicing agreements and related documentation Advanced knowledge of financial issues and tax issues Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions Extensive knowledge and understanding of credit and income producing real estate Strong attention to detail and accuracy skills Advanced Microsoft Excel skills Strong organizational, multi-tasking, and prioritizing skills Strong analytical skills and ability to solve complex technical problems Strong communication skills and ability to articulate complex material to a diverse audience Strong project management skills including the ability to handle multiple projects concurrently Leadership experience including; coaching, training, and mentoring Bachelor’s or Master’s degree in Real Estate, Finance, Accounting or related field Job Expectations: Ability to travel as needed Willingness to work on-site in accordance with current office requirements Ability to work additional hours as needed Visa sponsorship is not available This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents. Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process. 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. $119,000.00 - $224,000.00 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 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: 30 Dec 2025 *Job posting may come down early due to volume of applicants. We Value Equal Opportunity Wells Fargo is an equal opportunity employer. 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. 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. 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. Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at www.wellsfargo.com LinkedIn: https://www.linkedin.com/company/wellsfargo For questions on how to search and apply, visit our frequently asked questions.

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Responsibilities

The Vice President will manage a portfolio of equity investments from complex affordable housing clients, providing a single point of contact for general partners and internal departments. Responsibilities include monitoring investment performance, analyzing financial statements, and leading projects related to asset management process improvement.