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’s Multifamily Capital Asset Management team is seeking an Executive Director to oversee a team responsible for troubled Fannie Mae and Freddie Mac multifamily loans, including criticized assets, watchlist/defaulted loans, and/or property condition issues. The team works closely with originations staff and regularly meets with clients to develop action plans and mitigate risk across the portfolio. Learn more about the career areas and lines of business at wellsfargojobs.com
In this role, you will:
The Commercial Real Estate Portfolio Management Senior Manager will be the first level manager who directs and controls the strategy, workflow, and execution of special asset management functions for the Multifamily Capital team. The successful candidate will manage, coach, and develop a team of individual contributors.
More specifically, special asset management functions performed by the team include:
Collaboration and consultation with Multifamily Capital colleagues, internal partners, external customers, and other stakeholders.
Proactive management of the watchlist portfolio by meeting regularly with clients to understand performance issues, develop action plans, and ensure remediation activities are completed.
Oversight of the special credits portfolio, ensuring that rehab projects are completed as agreed and that any new property condition issues are remediated in a timely fashion, ultimately ensuring properties in the portfolio are safe and maintained to ensure longevity.
Implementation of forbearance, workout, and/or foreclosure activities in collaboration with internal stakeholders and as instructed by Agency partners.
Supervision of quarterly risk assessment and grading activities for the larger Asset Management team.
Travel to conduct property site inspections as required pursuant internal and Agency guidelines. Carefully review third-party site inspections when policy allows vendor outsourcing.
Review property operating statements to understand drivers of performance, working with borrowers and origination staff to fully understand variances from underwriting, prior periods, and expectations.
Ensure covenants and trigger items are adhered to pursuant loan documents and Agency guidelines.
Present recommendations for resolving complex situations and exercise independent judgment while developing expertise in the function, policies, procedures, and compliance requirements.
Contribute to management or control of operational and financial risk to Multifamily Capital and Wells Fargo.
The team manager must demonstrate a high-level skill set that includes financial analysis, real estate and property management operations, market knowledge, knowledge of mortgage and legal documents, credit risk analysis and the leadership qualities necessary to manage a team of asset management professionals. The team manager is expected to use this skillset to assist and guide their team in every aspect of their jobs, with the end goal of minimizing and mitigating risk to Wells Fargo, Fannie Mae, and Freddie Mac, while also providing superior customer service. The successful candidate also must:
Manage the daily workflow of the assigned portfolio
Adhere to all investor and internal risk mitigation practices
Adhere to all investor reporting requirements and deadlines
Understand and adhere to all asset management requirements as communicated by Fannie Mae and Freddie Mac via applicable guides, lender memorandums, email, other correspondence and the loan documents
Understand and adhere to all internal credit, risk and internal control policies as are applicable to asset management
Assist the larger Multifamily Capital team on projects when needed
The team manager is an important part of the Multifamily Capital Asset Management platform and leadership team. The successful candidate is expected to demonstrate the skills necessary to ensure that the team meets all goals and deadlines while maintaining the highest levels of work quality, customer service, internal controls and risk mitigation.
Required Qualifications:
7+ years of Commercial Real Estate Portfolio Management or leadership experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
3+ years of management or leadership experience
Desired Qualifications:
Commercial real estate experience, preferably in Fannie Mae and/or Freddie Mac multifamily asset management or underwriting
Familiarity with various Fannie Mae and/or Freddie Mac multifamily asset management technology tools
Exposure to multifamily real estate development, property management and/or underwriting
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
Excellent verbal, written, and interpersonal communication skills
Ability to read and understand commercial real estate loan or real estate investment documentation, securitization documents, including pooling and servicing agreements and related documentation
Familiarity with loan documents and third-party reports including appraisals, physical needs assessments, and environmental reports
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Strong organizational, multi-tasking, and prioritizing skills
A BS/BA degree in business, finance, accounting, real estate or a related field
Job Expectations:
Up to 25% travel
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.
Posting Location:
550 S Tryon St, Charlotte, NC
1751 & 1753 Pinnacle Drive, McLean, VA
1445 Ross Avenue, Dallas, TX
Posting End Date:
4 May 2026*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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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.
