Atlanta, GA

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.

About this role:

Wells Fargo is seeking a Senior Commercial Real Estate Asset Manager to manage a portfolio of equity investments from some of our largest and most complex affordable housing clients. Learn more about our career areas and lines of business at wellsfargojobs.com .

In this role, you will:

• Provide a single point of contact with general partners and internal departments regarding assigned assets
• Independently manage a portfolio of investments in real estate partnerships
• Identify and analyze issues, and recommend and execute action plans
• Monitor investment and property performance, including construction and lease-up progress
• Analyze tax returns and property and sponsor financial statements
• Review third-party inspections and reports in compliance with Low Income Housing Tax Credit (LIHTC) regulations
• Review requests for capital contributions and reserve releases, including calculations of adjustments to capital contributions due to adjusters
• Underwrite general partner consent requests (including loan refinances and changes in partnership structures)
• Perform site visits
• Negotiate and execute the exit of Wells Fargo from investment partnerships
• Assess markets in which assets reside, identify market and sub-market risks and issues
• Participate and/or supervising projects related to asset management process improvement
• Track any tasks outsourced to third parties
• Make decisions in complex and multifaceted situations requiring exceptional 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 peers, colleagues, and mid level to more experienced managers to resolve issues and achieve goals
• Lead projects, teams, or serve as a peer mentor

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:

• 4+ 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

Desired Qualifications:

• 4+ years of experience in the Low-Income Housing Tax Credit (LIHTC) industry with one or more of the following functional roles: Real Estate Underwriting, Portfolio Management, Asset Management, Tax Credits, Real Estate Workouts, Financial Analysis, Accounting
• Ability to review tax returns and audits for LIHTC partnerships
• Knowledge of Section 42 regulations and compliance
• Familiarity with partnership legal documents
• Ability to effectively underwrite perm loan conversions
• Experience negotiating Investor Limited Partner (ILP) exits
• Experience managing deals under construction
• Ability to read and understand complex commercial real estate loan or real estate investment documentation, securitization documents, including pooling and servicing agreements and related documentation
• Advanced knowledge of financial issues and tax issues
• Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions
• Extensive knowledge and understanding of credit and income producing real estate
• Strong attention to detail and accuracy skills
• Advanced Microsoft Excel skills
• Strong organizational, multi-tasking, and prioritizing skills
• Strong analytical skills and ability to solve complex technical problems
• Strong communication skills and ability to articulate complex material to a diverse audience
• Strong project management skills including the ability to handle multiple projects concurrently
• Leadership experience including; coaching, training, and mentoring
• Bachelor's or Master's degree in Real Estate, Finance, Accounting or related field

Job Expectations:

• Ability to travel up to 25% of the time
• Ability to work additional hours as needed

Pay Range: $150,000 - $200,000 USD Annual

**Due to a city-wide mandate in New York City, all individuals who perform in-person work or interact with the public during business must be fully vaccinated against COVID-19 or qualify for an approved accommodation to be exempt from being fully vaccinated. Currently, this position falls under the scope of this mandate. **

Pay Range

$111,100.00 - $197,500.00 Annual

Benefits

• Information about Wells Fargo's employee benefits

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, or status as a protected veteran.