Commercial Real Estate Portfolio Manager

Wells Fargo•Boston, MA

2d•$92,000 - $145,000•Onsite

About The Position

Wells Fargo is seeking a Commercial Real Estate Portfolio Manager within the Corporate & Investment Bank focusing on affordable housing in underserved communities. In this role, you will: Manage a small portfolio of investments in real estate partnerships and/or fund investments and assist more senior asset managers with their portfolio. Identify and analyze issues, and recommend and execute action plans Monitor investment and property operations and performance, Analyze tax returns and property and sponsor financial statements. Analyze and calculate annual cashflow distributions. Review budgets Review third-party inspections and reports in compliance with Low Income Housing Tax Credit (LIHTC) regulations Assist with customer funding requests, including review of required documentation and assistance with calculations of adjustments to capital contributions Assist more senior asset managers with review of customer requests. Assess markets in which assets reside, identify market and sub-market risks and issues Track any tasks outsourced to third parties In consultation with more senior asset managers, peers and other Commercial Real Estate colleagues, make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements to resolve issues and achieve goals.

Requirements

2+ years of Commercial Real Estate experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

Experience with the Low-Income Housing Tax Credit (LIHTC) industry or Commercial Real Estate 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/or audits for low-income real estate partnerships
Ability to analyze and interpret complex legal documents, including commercial real estate loan agreements and partnership contracts.
Client-focused with proven experience in analyzing customer needs and delivering effective solutions.
Strong attention to detail and accuracy
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
Project management skills including the ability to handle multiple projects concurrently
Ability to travel as needed
Willingness to work on-site in accordance with current office requirements
Ability to work additional hours as needed

Responsibilities

Manage a small portfolio of investments in real estate partnerships and/or fund investments and assist more senior asset managers with their portfolio.
Identify and analyze issues, and recommend and execute action plans
Monitor investment and property operations and performance
Analyze tax returns and property and sponsor financial statements.
Analyze and calculate annual cashflow distributions.
Review budgets
Review third-party inspections and reports in compliance with Low Income Housing Tax Credit (LIHTC) regulations
Assist with customer funding requests, including review of required documentation and assistance with calculations of adjustments to capital contributions
Assist more senior asset managers with review of customer requests.
Assess markets in which assets reside, identify market and sub-market risks and issues
Track any tasks outsourced to third parties
In consultation with more senior asset managers, peers and other Commercial Real Estate colleagues, make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements to resolve issues and achieve goals.