Commercial Real Estate Asset Manager - GSE Select Client
Location: CHARLOTTE, North Carolina
Type: Full Time
Salary: $80,000 - $100,000
Corporate Real Estate
Internal Number: R-220142
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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.
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
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
We’re strong for our customers and communities
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852, and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance through more than 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com), and mobile banking and has offices in 31 countries and territories to support customers who conduct business in the global economy.
Wells Fargo serves one in three households in the United States.
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Additional information may be found at wellsfargo.com?Twitter: @WellsFargo