Commercial Real Estate Portfolio Associate

About This Role

Wells Fargo is seeking a Commercial Real Estate Portfolio Associate to serve as an analyst on our Triggers Team to support our Commercial Mortgage Servicing (CMS) division. Learn more about our career areas and lines of business at wellsfargojobs.com.

In This Role, You Will

Effectively manage or control the operational and financial risk to Wells Fargo CMS associated with conditional events (Triggers) as defined in the loan documents in which Wells Fargo CMS is responsible for servicingIdentify, review, monitor, abstract, and provide analysis (Credit Decisions) for commercial loan Trigger Events such as: lockbox and reserve springing impounds related to leases, deferred maintenance on property,Furniture, Fixtures & Equipment (FF&E) triggers, tenant credit ratings, Go Dark tenants and occupancy ratioWork with vendor and other CMS teams (Customize Portfolio Servicing, Commercial Mortgage Backed Securities (CMBS) Asset Management, Real Estate Capital Markets (RECM), Multi-family Asset Management, Assumptions, Leasing, and Modifications) to resolve and provide directions on day to day Trigger related mattersIdentify Trigger Events, escalating to Asset Management Teams and follow-up as needed

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

6+ months 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

Strong comprehension and interpretation skillsExcellent verbal, written, and interpersonal communication skillsDemonstrated ability to learn new softwareIntermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skillsKnowledge and interpretation experience with Commercial Real Estate (CRE) loan documentsSolid problem solving and decision making skillsStrong analytical skills with high attention to detail and accuracyAbility to effectively communicate with varying internal bank personnel, customers, consultants, and external counselUnderstanding of the CMBS industry, Pooling and Servicing Agreements and the roles and responsibilities of the Master Servicer and Special ServicerExperience in commercial documentation, preparation & reviewStrong financial analysis of property cash flows, reviewing property operating statements, property rent rolls, market rents and inspection reportsAbility to navigate multiple computer systems concurrently

Posting Locations

550 South Tryon St-Charlotte, NCRequired location listed above.Relocation assistance is not available for this position.

This position is not eligible for Visa sponsorship.

Posting may come down early based on applicant volume.

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

18 Apr 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.

Reference Number

R-359166