Fall Veteran Employment Transition (Vet) Program: Commercial Real Estate Program Analyst

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About these roles:

The Veteran Employment Transition (VET) Program is a nationwide 8-week Spring and Fall development program that converts directly to a full-time opportunity based on performance. We're hiring a class of 35 - 45 to begin on September 25th starting with an intensive training and orientation led by professional instructors and senior Wells Fargo employees. You'll network with your peers and Wells Fargo leaders while developing your skills and knowledge of our financial products and services before joining a team of experienced Wells Fargo employees for on-the-job training and development. If you are a problem-solver who enjoys working in a fast-paced environment, working hard to achieve a goal, learning new things, and improving yourself, this program might be a good fit for you.

In addition, successful candidates are team-players who work well in a collaborative environment and have strong situational analysis skills. All ranks are encouraged to apply as we are hiring at multiple levels. This program is NOT DOD SkillBridge eligible as it's a Wells Fargo paid internship.

We believe each of our employees offer something extraordinary and we consider military experience a tremendous asset to our work environment. That's why we're committed to hiring military veterans, veterans with disabilities, military families and active military Reserve and National Guard personnel.

#VETProgram

Program Expectations:

• Must be able to start on September 25, 2024 and attend the full duration of the 8-week internship program

• Must be off active duty no later than September 24, 2024. (Only exceptions: terminal leave and/or traditional Guard or Reserve status, these are eligible)

Program Required Qualifications:

• 6+ months of work experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• Service in any branch of the United States military

• Able to work on the first day of the program, September 25, 2024

Commercial Real Estate, a division of Corporate & Investment Banking (CIB), is seeking the following:

Commercial Real Estate Program Analyst (Available locations: Charlotte, NC; New York, NY; San Francisco, CA)

Commercial Real Estate delivers a comprehensive suite of capital markets, banking, and financial products and services. The business provides financing services to experienced real estate owners, developers, investors, and real estate investment trusts (REITs), through all stages of their growth and development. We've built the strongest commercial real estate lending platform in the industry.

The Commercial Real Estate Analyst Program is a 2-year non-rotational program. Offers are made for a specific Commercial Real Estate business and location, based on candidate preference and business need in one of the following:

• Real Estate Syndicated Finance (Charlotte or San Francisco)
• Specialty Real Estate Finance (Charlotte or New York)
• Multifamily Capital (New York)

You will work closely with the relationship managers in your office to underwrite real estate and develop a deep understanding of market fundamentals and borrower's balance sheet profiles. You will also assist relationship managers as they meet with their clients on a regular basis to ensure we continue to meet their needs and to identify future opportunities. You will become an integral part of your office's team and have the opportunity to assume a significant amount of responsibility that may include:

• Assembling complex financial models that project the potential financial performance of an asset as well as underwriting risks associated with market demand, supply, net effective rents, expenses, capitalization rates, and tenant quality

• Researching specific real estate markets and assessing market data and trends affecting demand generators, risk presented by new supply, and comparable properties

• Identifying credit issues early in the underwriting process and recommending ways to reduce exposure

• Preparing borrower/guarantor financial reviews as well as writing memorandums focused on a borrower's and guarantor's adjusted net worth, leverage, liquidity, and other key risk factors, including cash flows and ability to service debt Partnering with relationship managers to structure multi-million-dollar transactions

• Reviewing and assisting in the development of loan agreements and ancillary documents related to the closing of a transaction

• Participating in property tours and site visits to develop a deeper understanding of the viability of the real estate and the related transaction

• Working alongside relationship managers ensuring compliance with Wells Fargo's "Know Your Customer" BSA/AML requirements

• Engaging vendors to facilitate ordering and analyzing third-party reports, including appraisals, property condition reports, environmental reports, and costing analyses

Desired Qualifications:

• 6+ months of Commercial Real Estate Relationship Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• Analysts must demonstrate a combination of academic aptitude, quantitative skills and personal motivation

• Knowledge and understanding of financial markets

• Strong analytical skills with high attention to detail and accuracy

• Ability to be proactive, innovative and creative in meeting customer and enterprise needs

• Ability to initiate action, make difficult decisions, and generate creative solutions

• Ability to interact with integrity and a high level of professionalism with all levels of team members and management

• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

• Ability to shift priorities as workflow/volume dictates

• Ability to take on a high level of responsibility, initiative, and accountability

• Ability to work effectively in a team environment

• Excellent verbal, written, and interpersonal communication skills

• Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills

• A BS/BA degree or higher

Job Expectations:

• Adhere to the Wells Fargo Return To Office (RTO) stipulations which require employees to work in an approved core location. CIB may require up to 5 days a week in the office

• May be required to work extended hours

• For those hired into Real Estate Syndicated Finance, there will be licensing and registration requirements including the following: Securities Industry Essentials (SIE), and Series 63 and 79 licenses within 90 days of the date of full-time hire

Pay Range:

Charlotte: $32.00 - $99.00

New York: $32.00 - $99.00

San Francisco: $32.00 - $99.00

Actual VET Program compensation is determined by location, experience, and qualifications of the job.

Posting End Date:

27 Jun 2024

• Job posting may come down early due to volume of applicants.

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, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

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