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Wells Fargo · 7 hours ago

Vice President - Lead Commercial Real Estate Portfolio Manager

DALLAS, TX

Full-time

Onsite

Mid, Senior Level

5+ years exp

Wells Fargo is a leading financial services company that provides a comprehensive suite of banking, capital markets, and advisory solutions. They are seeking a Lead Commercial Real Estate Portfolio Manager to manage a diversified portfolio of commercial real estate loans and investments, analyze new loan opportunities, and collaborate with peers to optimize relationships and execute deals.

BankingFinancial ServicesFinTechInsurancePayments

Responsibilities

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

Be responsible for the management of a portfolio of commercial real estate loans and investments within Real Estate Banking, our primary balance sheet lending CRE platform

Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research

Review and make recommendations for approval (or denial) of loan requests, lease approvals, collateral releases, requests for letters of credit, funding of reserves/loan holdbacks, loan extensions and loan modifications

Collaborate with senior portfolio managers and coverage bankers to develop strategies around relationship optimization and deal level execution

Interface with customers to assist in identifying needs and maintaining strong relationships

Perform both sponsorship and loan level financial analysis

Complete in-depth property level analysis and market research

Present and advocate to credit committee for approval of loans

Work with outside counsel, internal compliance, and our loan closing teams to close modifications and new loans including review of third-party reports and loan documentation

Review and approve construction loan draws

Conduct quarterly and annual portfolio reviews to identify potential concerns

Conduct property tours / site visits

Maintain an in-depth knowledge of the local commercial real estate market

Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the function, policies, procedures, and compliance requirements

Identify opportunities for process improvements within scope of responsibilities or functional area

Qualification

Commercial Real Estate ManagementLoan UnderwritingFinancial AnalysisMarket ResearchRelationship ManagementMicrosoft ExcelCommunication SkillsProblem SolvingTeam Leadership

Required

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

Preferred

Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions

Familiarity with the commercial property types including multifamily, retail, industrial, office, hospitality etc

Familiarity with various facility types including construction, term, bridge, perm, lines of credit, etc. and loan structures including recourse/non-recourse, secured/unsecured, and mezzanine financing

Experience evaluating market conditions and identifying appropriate comparable properties

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

Strong verbal, written, and interpersonal communication skills

Ability to interact with all levels of an organization

Intermediate Microsoft Office skills including some advanced accounting and finance functions in Microsoft Excel

A BS/BA degree or higher