About this role:
Wells Fargo is seeking talent to join the REIT Finance Group as part of the Commercial Real Estate Early Career Development Program in Corporate and Investment Banking.
In this role, you will work closely with the relationship managers in your office to underwrite REIT borrowers and develop a deep understanding of market fundamentals and borrower's balance sheet profiles. You will also assist relationship managers managing deal flow and serving customer needs. 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 or borrower 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.
- 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.
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- 6+ months of Commercial Real Estate Relationship Management - Program experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 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
- Good verbal, written, and interpersonal communication skills
- Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
- A BS/BA degree or higher with an expected graduation in December 2024
- 550 S Tryon St, Charlotte, North Carolina
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Posting End Date:
28 Sep 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 .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.