Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.
At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.
Commercial Real Estate (CRE) operates throughout the United States, as well as Canada and the United Kingdom, to deliver a comprehensive platform of financing and banking products for experienced commercial real estate companies including balance sheet lending, CMBS origination and distribution, loan servicing, agency financing for multifamily properties, and debt and equity capital for affordable housing.
Community Lending and Investment (CLI) is responsible for investing debt and equity capital for economic development, job creation and affordable housing in areas of need nationwide. The vertically integrated group offers a suite of debt and equity products, including Low Income Housing Tax Credits, New Market Tax Credits, construction finance and permanent finance for affordable housing, and Charter School Finance, serving for-profit and non-profit developers and other organizations.
The Senior Asset Manager on our Construction Due Diligence team will manage the review of low-income housing tax credit (LIHTC) Real Estate projects as part of the Community Lending & Investment direct equity tax credit team.
Pre-Closing responsibilities include, but are not limited to:
Providing overall construction/development expertise to internal origination teams
Managing the construction review process and determine required front-end construction due diligence necessary for transaction closing
Evaluating and reviewing technical construction contract documents to determine soundness of the project and conformance with industry standards, with the ability to identify and resolve construction issues
Working closely with origination teams and underwriters to properly mitigate construction issues pursuant to the banks credit policy
Clearly articulating construction issues and mitigates to approval committee
Ordering front end construction evaluation reports.
Reviewing both internal & external reports, and when necessary directly review plans, specifications, surveys, permits, construction contracts, schedules, geotechnical reports, design and engineering contracts, P&P bonds, and other construction due diligence.
Visiting project sites of planned renovations to confirm the planned renovation will result in an acceptable product for the bank
Post-Closing responsibilities include, but are not limited to:
Providing overall construction/development expertise to asset management team.
For projects which are currently under construction, providing guidance to asset managers addressing construction related issues, including budget, schedule issues, and change order review
For projects which are complete but have physical issues, providing guidance in resolving them and their repairs
Visiting project sites when necessary.
***7+ years of construction management experience will be considered as applicable in order to meet the required qualifications for this role. Please take this into account when responding to questions during the application process***
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.
7+ years of underwriting or asset management experience in one or a combination of the following: Commercial Mortgage Backed Securities (CMBS), multifamily/agency commercial real estate or low-income housing tax credit investment or commercial real estate balance sheet lending
Telecommuting is allowed.
Internal Number: 5577103
About Wells Fargo - Commercial Real Estate
About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies and small businesses in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.