Job Description

Why Wells Fargo:

We ranked #3 on the 2022 LinkedIn Top Companies list – and #1 among financial services companies – as a best workplace in the U.S. At Wells Fargo, we support employees’ career aspirations and growth. We’re proud of our employee-welfare-centered business approach and our commitment to diversity, equity, and inclusion in the workplace. We offer competitive salaries and one of the richest benefits packages in the industry. Our Total Rewards program focuses on wellness, work-life balance and the financial health of our employees. Our customers invest with us, we invest in you.

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About this role:

Wells Fargo is seeking a Commercial Real Estate Asset Manager on the 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
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
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
Have a high level skill set that includes financial analysis, real estate and property management operations, market knowledge, mortgage and legal documents, and credit risk analysis
Make decisions in multifaceted situations requiring 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

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:

2+ 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:

Demonstrate a high level skill set that encompasses financial analysis, real estate and property management operations, market knowledge, knowledge of mortgage and legal documents, and credit risk analysis
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
Competence with Fannie Mae and/or Freddie Mac multifamily asset management technology tools
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 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
Ability to work effectively, as well as independently, in a team environment

Job Expectations:

Ability to work outside of regular business hours
Ability to travel as needed

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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.