Job Abstract

Manage overall asset management of an assigned portfolio of commercial real estate loans consisting 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. Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and... more details

About this role:

Wells Fargo is seeking a Lead Commercial Real Estate Asset Manager (aka Portfolio Manager) on the GSE Freddie Mac team. This team member will be responsible for managing a portfolio of Freddie Mac loans for Wells Fargo as Primary Servicer. 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 commercial real estate loans consisting 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
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

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 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
Exposure/Insight into Muti-family Property Inspections

Job Expectations:

Ability to travel as needed
4 days a week in office

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Posting End Date:

3 May 2024

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

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, status as a protected veteran, or any other legally protected characteristic.

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.

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.

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