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CRE Portfolio Management Sr Manager - Hospitality…
- Wells Fargo (Charlotte, NC)
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About this role:
Wells Fargo is seeking a Commercial Real Estate Portfolio Management Sr Manager for the Hospitality Finance Group (HFG) to be responsible for day-to-day management of HFG’s loan portfolio. The position will include leading a team of portfolio managers and associates. This team lead role will report directly to the Head of Portfolio Management and Underwriting for Specialty Real Estate Finance.
In this role, you will:
+ Manage and develop a team of individual contributors and mentor/guide talent development of direct reports and assist in hiring talent
+ Engage stakeholders and internal partners associated with the Commercial Real Estate Portfolio Management functional area
+ Work in conjunction with the Coverage Banking team to support new originations and closings, and assume responsibility of the asset management of the loans post-closing
+ Work with the Loan Administration, Disbursement Administration and Treasury Management teams to manage loan modifications, as-of-right extensions, earnouts, cash management, construction draws, TM approvals, and establish quality control over all processes
+ Ensure all loans are appropriately hedged and work with the Credit and FX/Derivatives teams to develop hedging solutions for the client and ensure clear communication by the IBCM team
+ Monitor, review, and quality control Annual Financial Reviews, loan grading justifications, and ongoing PRTs
+ Manage the preparation, coordination, quality level, and presentation of the quarterly portfolio reporting processes to the HFG Credit team
+ Drive operational efficiency, including transitions of work to India, and leverage technology to improve productivity and client service
+ Identify and recommend opportunities for process improvement, quality data control, and risk control development
+ Utilize experience with credit policy and regulatory matters to lead collaboration around broad CRE level credit and operational risk efforts
+ Collaborate with the CRE Portfolio Management Team, the COO team, Risk and Control, Technology, CRE Control, CRE Internal Risk Management (IRM), Audit, Finance, Treasury, and Legal departments to execute and lead efforts to develop systems and solutions in the reporting and optimization of the HFG portfolio
+ Make decisions and resolve issues regarding resources and processes that impact the operations of the HFG Portfolio Management functional area and team to meet business objectives
+ Interpret and develop policies and procedures for functions with low to moderate complexity within scope of responsibility
+ Collaborate and consult with peers, colleagues, and multiple level managers, as well as interact directly with external customers for the asset management of the HFG loan portfolio
+ Partner with SREF Head of Portfolio Management and Underwriting to review and develop policies and procedures for functions with low to moderate complexity and improve efficiency, effectiveness, productivity, and control procedures
+ Provide input on special CRE special projects and initiatives, leading as applicable
Required Qualifications:
+ 6+ 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
+ 3+ years of management or leadership experience
Desired Qualifications:
+ In depth knowledge and understanding of commercial real estate lending, underwriting, loan structuring and capital markets
+ Solid background in managing hospitality portfolio with previous knowledge and exposure to public lodging companies
+ Strong analytical skills with high attention to detail and accuracy
+ Excellent verbal, written, and interpersonal communication skills
+ Experience developing and cultivating professional relationships internally and externally
+ Ability to interact with all levels of an organization and work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
+ Ability to work independently with sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations
+ Ability to interact with integrity and a high level of professionalism with all levels of customers, team members and management
+ A Bachelor's Degree or higher in accounting, finance, real estate, or other applicable degree
Job Expectations:
+ This position is not eligible for Visa sponsorship
+ Ability to travel (approx.10% or as needed)
+ Ability to work additional hours as needed
Posting Locations:
+ 550 South Tryon St, Charlotte, North Carolina 28202
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.
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$144,400.00 - $300,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs (https://www.wellsfargojobs.com/en/life-at-wells-fargo/benefits) for an overview of the following benefit plans and programs offered to employees.
+ 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
Posting End Date:
10 Jun 2025
*** **_Job posting may come down early due to volume of applicants._
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.
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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.
**Req Number:** R-460664
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