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Wells Fargo
LOS ANGELES, CA; 199875-CA-Wells Fargo Tower, Los Angeles
Source: Wells Fargo careers · View original posting
From Wells Fargo's posting. “We” and “our” refer to the employer.
Wells Fargo is seeking an Executive Director, Senior Lead Commercial Real Estate Portfolio Manager to manage a pre-stabilized portfolio of complex LIHTC equity investments, providing strategic leadership across some of Wells Fargo’s largest and most sophisticated affordable housing clients. This Executive Director role requires deep experience in LIHTC equity asset management, particularly the ability to independently monitor a portfolio of assets undergoing construction, lease-up and permanent loan conversion.
Independently manage a portfolio of complex LIHTC equity investments, serving as the primary point of contact for general partners and internal stakeholders.
Monitor performance across construction, lease-up, and stabilized stages, directing market assessments, reviewing third-party inspections, and identifying emerging risks.
Lead risk governance for the portfolio, including surveillance for changes in risk ratings and delivering recommendations to credit partners and senior management.
Analyze financial statements, tax returns/audits, and partnership documentation; review and underwrite general partner consent requests; and evaluate capital contribution and reserve withdrawal requests.
Drive identification of issues and execution of action plans for troubled investments, partnering with internal stakeholders to ensure cross-functional resolution
Provide leadership through coaching and mentoring talent, leading projects and teams, identifying and owning process improvements, and contributing subject matter expertise.
7+ 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
This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
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.
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.
$159,000.00 - $305,000.00
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