Vice President - Lead Commercial Real Estate Asset Manager - GSE Select Client

Wells Fargo - Charlotte, NC

Full-time - Mid Level

Charlotte, NC

Credit Intermediation and Related Activities

About the position

Wells Fargo is seeking a Lead Commercial Real Estate Asset Manager to join the expanding GSE Select Client team. This role is pivotal in managing a portfolio of Fannie Mae and Freddie Mac loans for Wells Fargo's GSE Select Clients. The Asset Manager will oversee all functions related to monitoring the performance of multifamily loans from the initial funding stage until the debt is satisfied or transferred to a special servicer, in accordance with investor guidelines. This position requires a comprehensive understanding of the commercial real estate landscape, particularly in relation to GSE loans, and the ability to navigate complex business challenges that may arise throughout the loan lifecycle. In this capacity, the Asset Manager will be responsible for the overall asset management of an assigned portfolio, which includes reviewing and researching multifaceted business challenges that necessitate a thorough evaluation of various factors. The role demands making informed decisions in complex situations, requiring a deep understanding of the function, policies, procedures, and compliance requirements that govern the work. Collaboration is key, as the Asset Manager will work closely with peers in Commercial Real Estate Portfolio Management and engage with mid-level to experienced managers to resolve issues and achieve strategic goals. Additionally, the Asset Manager will serve as the primary relationship contact for borrowers and property management agents, ensuring exceptional customer service and due diligence in managing the loan portfolio in compliance with investor requirements. Key asset management functions include monitoring and analyzing property-level operating performance, conducting risk assessments, performing physical inspections, and processing lender consents. The role emphasizes a strong commitment to building customer relationships while maintaining a robust risk management and compliance culture, which is essential for the success of both the customers and the company.

Responsibilities

• 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
• Review and research complex, multifaceted, large scale, and long-term business challenges that require in-depth evaluation of multiple factors
• Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements
• Collaborate and consult with Commercial Real Estate Portfolio Management peers and mid-level to 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 and due diligence of the loan portfolio
• Monitor, analyze, and report property level operating performance and risk ratings
• Perform property physical inspections and assess on-site management staff and local market conditions
• Monitor watchlist and process lender consents

Requirements

• 5+ years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through work experience, training, military experience, or education
• 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 Fannie Mae and/or Freddie Mac multifamily asset management technology tools
• Customer service focus with experience actively listening and comprehending customer issues/needs
• 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
• Exposure to multifamily real estate development, property management and/or underwriting
• Ability to multi-task, achieve tight timeframes, and stay organized

Nice-to-haves

• Experience with Fannie Mae and/or Freddie Mac multifamily asset management technology tools
• Familiarity with highly structured loan transactions, preferably credit facilities that feature substitution and release provisions
• Exposure to multifamily real estate development, property management and/or underwriting