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 a Commercial Real Estate Asset Manager on our Freddie Mac team. This team member will be responsible for managing a portfolio of Freddie Mac loans. 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 Freddie Mac 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.

• Provide insight in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and participate in 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 Asset Managers to resolve issues and achieve goals.

• 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.

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 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 Freddie Mac multifamily asset management technology tools.

• 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.

• Intermediate skills in Microsoft Office, including Excel.

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
• 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.

Pay Range
 

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.

c. Please be prepared to provide accurate information and supporting documentation in connection with any lawful employment and education verification conducted by Wells Fargo.