Vice President - Lead Commercial Real Estate Asset Manager - GSE Select Client

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About this role:

Wells Fargo is seeking a Lead Commercial Real Estate Asset Manager on the expanding GSE Select Client team. This team member will be responsible for managing a portfolio of Fannie Mae and Freddie Mac loans for the Wells Fargo GSE Select Clients. The Asset Manager performs all functions associated with monitoring the performance of a multifamily loan throughout its life, commencing with the initial funding and continuing until satisfaction of the debt or transfer to a special servicer pursuant to investor guidelines. Learn more about our career areas and lines of business at wellsfargojobs.com.

In this role, you will:

• Manage overall asset management of an assigned portfolio of GSE Select Client commercial real estate loans consisting of Fannie Mae and/or Freddie Mac/CME multifamily loans

• 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

• Serve as the primary relationship contact for the Borrower/ property management agent, providing customer service, first-line management and due diligence of the loan portfolio in compliance with investor requirements

• Asset Management functions include monitoring, analyzing, and reporting property level operating performance, risk ratings, performing property physical inspections/assessment of on-site management staff/local market conditions, watchlist monitoring, and processing of lender consents

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:

• 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 demonstrating a high-level skill set that encompasses financial analysis, real estate and property management operations, market knowledge, knowledge of commercial or multi-family mortgage and legal documents, and credit risk analysis

• Experience with Fannie Mae and/or Freddie Mac multifamily asset management technology tools

• Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions

• Familiarity with highly structured loan transactions, preferably credit facilities that feature substitution and release provisions

• Extensive knowledge and understanding of credit and income producing real estate

• Excellent verbal, written, and interpersonal communication skills

• Ability to read and understand complex commercial real estate loan documentation and securitization documents, including pooling and servicing agreements and related documentation

• Exposure to multifamily real estate development, property management and/or underwriting

• Ability to multi-task, achieve tight timeframes, and stay organized

Job Expectations:

• Ability to travel as needed

Posting Locations:

• 550 South Tryon St, Charlotte, North Carolina

Required locations listed above.

Relocation assistance is not available for this position.

This position is not eligible for Visa sponsorship.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

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.