Easter Seals Jobs

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking a Commercial Real Estate Portfolio Management Manager to serve as a Team Leader on the Freddie Mac Agency Asset Management Team. Learn more about our career areas and lines of business at wellsfargojobs.com.

In this role:

The Commercial Real Estate Portfolio Management Manager will be the second -level manager who manages and develops a team of individual contributors with low to moderate complexity and risk in the Freddie Mac Agency Asset Management Team. This includes functions associated with monitoring the performance of a portfolio of multifamily loans, commencing with the initial funding and continuing until satisfaction of the debt or other loan disposition.

More specifically, the successful candidate will manage a team of asset managers who serve as the primary relationship contact for the borrower/property management agent, providing customer service, first-line risk management, and due diligence of the loan portfolio in compliance with investor requirements. The asset manager is responsible for the overall asset management of an assigned portfolio of Freddie Mac multifamily loans.

Asset management functions performed by the team include, but are not limited to:

• Monitoring, analyzing, and reporting property level operating performance

• Conducting risk ratings when applicable

• Performing and/or reviewing property physical inspections/assessment of on-site management staff/local market conditions

• Watchlist monitoring

• Processing of lender consents

• Administration of collateral reserve accounts

A Team Leader on the Freddie Mac Agency Asset Management Team must demonstrate a strong skill set that includes financial analysis, real estate and property management operations, market knowledge, knowledge of mortgage and legal documents, credit risk analysis and the leadership qualities necessary to manage a team of asset management professionals while maintaining a smaller portfolio of loans concurrently. The Team leader is expected to use this skillset to assist and guide asset managers in multiple aspects of their jobs, with the end goal of minimizing and mitigating risk to Wells Fargo, and Freddie Mac, while also providing superior customer service to our clients and manage their small portfolio of loans.

More specifically, the Team Leader is expected to:

• Manage the daily workflow of the assigned portfolio

• Adhere to all investor and internal risk mitigation practices

• Adhere to all investor reporting requirements and deadlines

• Understand and adhere to all asset management requirements as communicated by Freddie Mac via applicable guides, lender memorandums, email, other correspondence and the loan documents

• Understand and adhere to all internal credit, risk and internal control policies as are applicable to asset management

• Assist the team and larger Asset Management platform on projects when needed

• Make decisions and resolve issues regarding resources, objectives, and operations of Commercial Real Estate 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

• Manage allocation of people and financial resources for Commercial Real Estate Portfolio Management

• Mentor and guide talent development of direct reports and assist in hiring talent

The Team Leader is an important part of the GSE Asset Management platform and leadership team. The successful candidate is expected to demonstrate the skills necessary to ensure that the team meets all goals and deadlines while maintaining the highest levels of work quality, customer service, internal controls and risk mitigation.

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.

Required Qualifications:

• 4+ 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

• 2+ years of leadership experience

Desired Qualifications:

• Commercial real estate experience, preferably Freddie Mac multifamily asset management or underwriting

• Familiarity with various Freddie Mac multifamily asset management technology tools

• Exposure to multifamily real estate development, property management and/or underwriting

• Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions

• Extensive knowledge and understanding of credit and income producing real estate

• Strong attention to detail and accuracy skills

• Excellent verbal, written, and interpersonal communication skills

• Ability to read and understand commercial real estate loan or real estate investment documentation, securitization documents, including pooling and servicing agreements and related documentation

• Familiarity with loan documents and third-party reports including appraisals, physical needs assessments, and environmental reports

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

• Strong organizational, multi-tasking, and prioritizing skills

• A BS/BA degree in business, finance, accounting, real estate or a related field

Job Expectations:

• Ability to travel as needed

• Ability to work additional hours as needed

Posting Locations:

• 1751 Pinnacle Drive, 7th Floor, McLean, Virginia 22102

Required locations listed above. Relocation assistance is not available for this position.

This position is not eligible for Visa sponsorship.

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:

1 Jan 2025

*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 (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-421918