Commercial Banking Portfolio Manager
Wells Fargo is seeking a Commercial Banking Portfolio Manager in Middle Market Banking as part of the Northeast Division Credit Portfolio Management team. This key position is responsible for credit portfolio management to meet the long-term financial objectives and risk tolerance for commercial banking clients. Serves as a key member of a client's deal team. In this role, you will: Partner with relationship managers and other deal team members as a key client-facing member of the relationship team. Review, research, and recommend solutions for highly complex and unique challenges requiring in-depth evaluation of multiple factors. Deliver solutions which require vision, creativity, innovation, advanced analytical and inductive thinking, coordination of highly complex activities, and guidance to others. Engage with Commercial Banking Portfolio Management professionals and managers across the company and serve as an expert advisor to leadership. Make decisions and recommendations in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and lead the broader work team to meet deliverables and deliver client solutions. Collaborate and consult with Commercial Banking peers, colleagues, and mid- to high-level managers to resolve issues and achieve goals. Lead projects, teams, or serve as a peer mentor. Manage the credit needs of a portfolio of complex Middle Market (primarily Investor Real Estate ("IRE")) clients and prospects. Monitor assigned portfolio of credit commitments to ensure on-going compliance with loan agreements, covenants and payoff requirements and resolve problem accounts in partnership with deal teams. Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, meeting and interviewing the prospective client's management team, analyzing and obtaining a detailed understanding of the prospective client's cash flows and balance sheet, leverage and key risks. Prepare, review and edit credit memos and present recommendations to senior approvers. Negotiate appropriate terms and conditions for the largest and most complex transactions, and work with deal teams to ensure appropriate documentation is in place. Identify critical transactional and structural risks and propose appropriate structuring alternatives to mitigate those risks. Ensure compliance with all policy and regulatory requirements. Required Qualifications: 5+ years of Commercial Banking 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 underwriting Investor Real Estate clients. Strong Investor Real Estate lending credit analysis skills with high attention to detail and accuracy. Experience with commercial, owner-occupied real estate lending including documentation, due diligence and regulatory compliance processes. Experience negotiating, managing and amending complex credit facility legal documentation. Strong risk management and compliance skills. Excellent verbal, written, and interpersonal communication skills. Job Expectations: This position is not eligible for Visa sponsorship. This position offers a hybrid work schedule. Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process. Ability to travel up to 10% of the time. May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards Job Locations: 1751 & 1753 Pinnacle Dr., McLean, VA 2500 Westchester Ave., Purchase, NY 150 E 42nd St., New York, NY 58 S Service Rd., Melville, NY 99 S Wood Ave., Iselin, NJ 51 John F Kennedy Pkwy., Short Hills, NJ 461 From Rd., Paramus, NJ 7000 Lincoln Dr E., Marlton, NJ 125 High St., Boston, MA Salary Range: VA/NY/NJ - $143,000.00 - $224,000 7000 Lincoln Dr E., Marlton, NJ $131,000 - $206,000 Salary to be determined by the location of the position Pay Range: $131,000.00 - $224,000.00 Benefits: Health benefits 401(k) Plan Paid time off Disability benefits Life insurance, critical illness insurance, and accident insurance Parental leave Critical caregiving leave Discounts and savings Commuter benefits Tuition reimbursement Scholarships for dependent children Adoption reimbursement We Value Equal Opportunity Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Wells Fargo is seeking a Commercial Banking Portfolio Manager in Middle Market Banking as part of the Northeast Division Credit Portfolio Management team. This key position is responsible for credit portfolio management to meet the long-term financial objectives and risk tolerance for commercial banking clients. Serves as a key member of a client's deal team. In this role, you will: Partner with relationship managers and other deal team members as a key client-facing member of the relationship team. Review, research, and recommend solutions for highly complex and unique challenges requiring in-depth evaluation of multiple factors. Deliver solutions which require vision, creativity, innovation, advanced analytical and inductive thinking, coordination of highly complex activities, and guidance to others. Engage with Commercial Banking Portfolio Management professionals and managers across the company and serve as an expert advisor to leadership. Make decisions and recommendations in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and lead the broader work team to meet deliverables and deliver client solutions. Collaborate and consult with Commercial Banking peers, colleagues, and mid- to high-level managers to resolve issues and achieve goals. Lead projects, teams, or serve as a peer mentor. Manage the credit needs of a portfolio of complex Middle Market (primarily Investor Real Estate ("IRE")) clients and prospects. Monitor assigned portfolio of credit commitments to ensure on-going compliance with loan agreements, covenants and payoff requirements and resolve problem accounts in partnership with deal teams. Determine the credit worthiness of prospective clients by analyzing financial statements, projections, appraisals, meeting and interviewing the prospective client's management team, analyzing and obtaining a detailed understanding of the prospective client's cash flows and balance sheet, leverage and key risks. Prepare, review and edit credit memos and present recommendations to senior approvers. Negotiate appropriate terms and conditions for the largest and most complex transactions, and work with deal teams to ensure appropriate documentation is in place. Identify critical transactional and structural risks and propose appropriate structuring alternatives to mitigate those risks. Ensure compliance with all policy and regulatory requirements. Required Qualifications: 5+ years of Commercial Banking 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 underwriting Investor Real Estate clients. Strong Investor Real Estate lending credit analysis skills with high attention to detail and accuracy. Experience with commercial, owner-occupied real estate lending including documentation, due diligence and regulatory compliance processes. Experience negotiating, managing and amending complex credit facility legal documentation. Strong risk management and compliance skills. Excellent verbal, written, and interpersonal communication skills. Job Expectations: This position is not eligible for Visa sponsorship. This position offers a hybrid work schedule. Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process. Ability to travel up to 10% of the time. May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards Job Locations: 1751 & 1753 Pinnacle Dr., McLean, VA 2500 Westchester Ave., Purchase, NY 150 E 42nd St., New York, NY 58 S Service Rd., Melville, NY 99 S Wood Ave., Iselin, NJ 51 John F Kennedy Pkwy., Short Hills, NJ 461 From Rd., Paramus, NJ 7000 Lincoln Dr E., Marlton, NJ 125 High St., Boston, MA Salary Range: VA/NY/NJ - $143,000.00 - $224,000 7000 Lincoln Dr E., Marlton, NJ $131,000 - $206,000 Salary to be determined by the location of the position Pay Range: $131,000.00 - $224,000.00 Benefits: Health benefits 401(k) Plan Paid time off Disability benefits Life insurance, critical illness insurance, and accident insurance Parental leave Critical caregiving leave Discounts and savings Commuter benefits Tuition reimbursement Scholarships for dependent children Adoption reimbursement We Value Equal Opportunity Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.