Wells Fargo Denver , CO 80208
At Wells Fargo, we have one goal: to satisfy our customers' financial needs and help them achieve their dreams. 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 9 major business lines include Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and the Investment Portfolio. 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.
The Commercial Real Estate Relationship Manager 3 ("RM3") position will be directly responsible for a group of assigned relationships and real estate loans.
The responsibilities for this position include but are not limited to:
Relationship and loan level financial analysis
Ordering and reviewing appraisals/environmental reports
Reviewing and making recommendations for approval (or denial) of loan requests, lease approvals, collateral releases, requests for letters of credit, changes in property managers, funding of reserves/loan holdback, loan extensions and loan modifications.
Reviewing and approving construction loan draws
Completing in-depth property level analysis and market research
Working with the various Wells Fargo systems for loan approvals and monitoring
Working with outside counsel, internal compliance, Loan Administration, among others to close modifications and new loans
Meeting with customers to maintain strong customer relationships
Conducting property tours
General knowledge of Wells Fargo products to refer customers to cross sell partners if appropriate
Learning and maintaining in depth knowledge of the local commercial real estate market
Portfolio maintenance responsibilities relate to insuring delivery of accurate and timely loan and property level information as required under the loan documents. Portfolio duties include:
Quarterly review and analysis of property-level financial statements and rent rolls
Updating market research
Preparation of Quarterly Summary Reports, Annual Financial Reviews, accurate Risk Ratings, and other tasks required to manage the overall relationship
Presentations during Portfolio Review and Credit calls
Report and monitor any potential problem loans
Monitoring customer levels and usage of Treasury Management accounts
Property re-underwriting when appropriate to make credit decisions and/or during quarterly reviews
Loan covenant monitoring for the borrowers and guarantors
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 and if 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.
Experience developing and maintaining client relationships
Experience generating revenue and actively participating in the successful completion of complex transactions
Ability to apply sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations
Ability to interact with all levels of an organization
Intermediate Microsoft Office skills
Strong verbal, written, and interpersonal communication skills
CO-Denver: 1700 Lincoln St - Denver, CO
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.
WHOLESALE BANKING 0003037 WHOLESALE BANKING