LowerMerionRecruiter Since 2001
the smart solution for Lower Merion jobs

Commercial Real Estate Relationship Manager 2 (Community Lending & Investment)

Company: Wells Fargo Bank
Location: Springfield
Posted on: November 13, 2019

Job Description:

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to 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 want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses. Wholesale Commercial Real Estate (WCRE) 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 Commercial Real Estate Relationship Manager 2 position is on the CLI Debt team which provides financing products that include construction and permanent financing of both ground-up development and the acquisition & rehabilitation of existing affordable housing properties. The majority of our financing is structured around the use of the federal Low Income Housing Tax Credit program in addition to federal, state, and local housing subsidies. Responsibilities for this position include, but are not limited to:

  • Regular calling efforts on customers and prospects to solicit opportunities for construction financing and other banking services
  • Conducting initial review of new lending opportunities and preparing term sheets and letters of interest
  • Underwriting credit requests and complete approval documents and other supporting documentation for new loan requests, extensions and modifications
  • Managing and maintaining credit quality of existing loan portfolio
  • Completing Quarterly Status Reports using the Portfolio Review Tool (PRT) for each relationship and related loan(s).
  • Maintaining credit and entity files in good order according to bank and department standards
  • Completing and updating financial reviews for borrowers and guarantors at the time of new credit request and as needed for ongoing relationships
  • Coordinating critical path items such as appraisal engagement, costing and engineering reviews, environmental reviews, and credit investigations on new transactions
  • Close coordination with internal partners including CLI Equity team members, Loan Administrators and Client Service Managers.
  • Keeping the Office Manager (OM) and Credit Supervisor abreast of important issues relating to loan portfolio
  • Appropriately initiating loan grades and maintaining appropriate loan grading during the term of the credit.
  • Monitoring and approving monthly construction draws.
  • Completing required annual compliance and other trainings.
  • Representing CLI and Wells Fargo at industry events and conferences
  • Working closely with OM to target high potential, high probability business opportunities Team members 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
    • 2+ years of account relationship or credit analyst experience; or successful completion of Wells Fargo Wholesale Credit Management Training Program

      Desired Qualifications
      • Intermediate Microsoft Office skills
      • Ability to navigate multiple computer systems, applications, and utilize search tools to find information
      • Strong analytical skills including the ability to analyze financial metrics
      • Strong technical/computer skills to maintain various models, and handle multiple ad hoc requests
      • Excellent verbal, written, and interpersonal communication skills
      • Ability to interact with all levels of an organization

        Other Desired Qualifications
        • Balance sheet lending experience
        • Knowledge and understanding of the Low Income Housing Tax Credit (LIHTC) program
        • Sales or business development experience
        • Real estate finance experience
        • A BS/BA degree or higher
        • Ability to work independently and in a team environment

          Job Expectations
          • Ability to travel up to 20% of the time

            Disclaimer

            All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

            Relevant military experience is considered for veterans and transitioning service men and women.
            Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Keywords: Wells Fargo Bank, Lower Merion , Commercial Real Estate Relationship Manager 2 (Community Lending & Investment), Executive , Springfield, Pennsylvania

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Other Executive Jobs


Global Marketing Manager
Description: Global Marketing Manager NA-United States-Delaware-Wilmington Strategic Responsible for creation and execution of Business Strategy in close collaboration with Business Director Participates in the annual (more...)
Company: DuPont
Location: Wilmington
Posted on: 12/6/2019

NAV Oversight Vice President - DEL
Description: DescriptionAbout this roleGAAPS Alternatives - Vice President NAV Oversight - WilmingtonAbout BlackRockElevate your career by joining the world's largest asset manager Thrive in an environment that promotes (more...)
Company: BlackRock
Location: Wilmington
Posted on: 12/6/2019

Contract Management System Analyst II
Description: Contract Management System Analyst II USA-Pennsylvania-Harrisburg Position Purpose: Design, develop, and build interview wizard functionality in the contract management system utilizing logic code statements (more...)
Company: Cenpatico
Location: Harrisburg
Posted on: 12/6/2019


Director, Manufacturing, Science & Technology
Description: Overview br br The Director of MS T is responsible for development, scale up, and transfer of production processes into commercial manufacturing. br br Responsibilities br br --- Responsible (more...)
Company: Renaissance Pharmaceuticals
Location: Lakewood
Posted on: 12/6/2019

Campaign Manager, Watershed Advocacy (Harrisburg, PA)
Description: About us: PennFuture is leading the transition to a clean energy economy in Pennsylvania and beyond. We are protecting our air, water, and land, and empowering citizens to build sustainable communities (more...)
Company: Citizens for Pennsylvania's Future - PennFuture
Location: Harrisburg
Posted on: 12/6/2019

Product Manager, Monetization
Description: ConsumerTrack is unique in the digital marketing and media industry - we combine marketing, digital, content and fintech. Our performance based approach increases brand awareness and generates targeted (more...)
Company: ConsumerTrack
Location: Bethlehem
Posted on: 12/6/2019

Clinical Director - Registered Nurse (RN)
Description: Job DescriptionClinical Director RN Aveanna Healthcare, the largest pediatric home health care company in the U.S., is hiring a Clinical Director to supervise all clinical services of the Health Care (more...)
Company: Aveanna Healthcare
Location: Hackensack
Posted on: 12/6/2019

Manager, Talent and Organizational Development
Description: Manager, Talent and Organizational Development NA-United States-Delaware-Wilmington, NA-United States-Maryland, NA-United States-Pennsylvania INTRODUCTION The Manager, Talent and Organization Development (more...)
Company: DuPont
Location: Wilmington
Posted on: 12/6/2019

Product Manager 3
Description: Job Description 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 (more...)
Company: Wells Fargo Bank
Location: Wilmington
Posted on: 12/6/2019

Warehouse Operations Manager
Description: Warehouse Operations Manager Tracking Code 979-990 Job Description GENERAL DESCRIPTION / PRIMARY PURPOSE The Warehouse Operations Manager directs warehousing activities for Dole Diversified North America. (more...)
Company: Dole Food Company
Location: Wilmington
Posted on: 12/6/2019

Log In or Create An Account

Get the latest Pennsylvania jobs by following @recnetPA on Twitter!

Lower Merion RSS job feeds