Executive Director, Commercial Real Estate Portfolio Management Senior Manager

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 an Executive Director, Commercial Real Estate Portfolio Management Senior Manager in Real Estate Banking will be responsible for leading a team of Portfolio Managers to execute, underwrite, structure and craft optimal financing executions with a specialty in providing balance sheet solutions, and forecast customer needs in partnership with clients, CLI Coverage Bankers, CLI Coverage Banking Managers, Loan Administration and Credit Risk.

In this role, you will:

• Lead a team of Portfolio Managers to execute, underwrite, structure and craft optimal financing executions with a specialty in providing balance sheet solutions, and forecast customer needs in partnership with clients, CLI Coverage Bankers, CLI Coverage Banking Managers, Loan Administration and Credit Risk

• Attract, develop and retain workforce of talented employees and maintain succession planning

• Work closely with peers to drive efficiency, bring consistency across the footprint, and lead a team with primary responsibility for risk underwriting, monitoring, documenting and reacting to the credit quality of an assigned portfolio of clients with loans and other forms of risk exposure

• Ensure group's compliance with all legal, regulatory and internal policies and requirements Serve as subject matter expert and sounding board for underwriting strategies, deal positioning and relationship management strategies

• Advise others on underwriting guidelines and specific considerations and nuances to drive profitable underwriting and portfolio management while remaining within identified risk parameters Collaborate with Head of CLI Portfolio Management and Asset Management on watchlist and problem accounts

• Identify and monitor overall success criteria or performance indicators for underwriting across teams Monitor effectiveness of organizational credit policies and procedures and lead efforts to review and revise existing underwriting policies to further optimize underwriting and value for client and the business

• Identify credit management best practices and coach others to adopt them to drive consistent, holistic credit portfolio management decisions

• Develop or support cross-functional initiatives to promote awareness, product and service understanding, risk evaluation and potential expansion opportunities

• May underwrite transactions and portfolio manage directly with similar responsibilities as Portfolio Manager

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:

• 3+ years managing a team of direct reports preferably in Commercial Real Estate Portfolio management and Low-Income Housing Tax Credits.

• 6+ years’ experience underwriting all commercial real estate property types

• In depth and understanding of low-income housing tax credits

• In depth knowledge evaluating Commercial Real Estate market conditions, with experience determining appropriate comparable properties

• Ability to apply sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations

• Knowledge and understanding of Regulatory Risk and Compliance policies and programs

• Due diligence, underwriting, structuring, and pricing experience

• Ability to motivate a team and lead strategic initiatives, collaborating across a large organization and multi-tasking as required

• Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members

• Ability to influence, partner, and negotiate with senior business leaders to gain commitment to accomplish business goals

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

• This position is not eligible for VISA sponsorship

• 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 demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

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:

*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.