AMVETS 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.

In this role, you will:

• Provide a single point of contact with our clients and internal departments regarding assigned assets

• Make decisions in complex and multifaceted situations requiring exceptional understanding of the function, policies, procedures, and compliance requirements that influence and lead broader work team to meet deliverables and drive new initiatives

• Collaborate and consult with Commercial Real Estate peers, colleagues, and mid level to more experienced managers to resolve issues and achieve goals

• Identify and analyze issues, and recommend and execute corrective action plans

• Monitor investment and property or fund performance, including construction and lease-up progress

• Analyze tax returns and property and client financial statements

• Review requests for capital contributions and reserve releases, including calculations of adjustments to capital contributions based on agreements.

• Underwrite general partner / fund manager partners consent requests (including loan refinances and changes in partnership structures)

• Negotiate and execute the exit of Wells Fargo from investment partnerships

• May need to assess markets in which assets reside, identify market and sub-market risks and issues

• Lead projects, teams, or serve as a peer

• Participate and/or supervise projects related to Wells Fargo's internal asset management process improvement

• Track any tasks outsourced to third parties

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:

• 5+ 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

Desired Qualifications:

• 5+ years of experience in the Low-Income Housing Tax Credit (LIHTC) industry with one or more of the following functional roles: Real Estate Underwriting, Portfolio Management, Fund Management, Asset Management (Tax Credit Asset Management a plus), Real Estate Workouts, Financial Analysis, Accounting

• Familiarity and ability to review tax returns and audits for LIHTC partnerships

• Knowledge of IRS Code Section 42 regulations and compliance requirements

• Familiarity with Real Estate partnership and Real Estate fund agreement legal documents

• Ability to effectively underwrite perm loan conversions

• Experience negotiating Investor Limited Partner (ILP) exits from Real Estate Partnerships

• Experience managing multifamily housing projects during construction

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

• Advanced knowledge of financial issues and tax issues pertaining to Real Estate

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

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

• Experience with tax credit syndication

• Strong attention to detail and accuracy skills

• Advanced Microsoft Excel skills

• Strong organizational, multi-tasking, and prioritizing skills

• Strong analytical skills and ability to solve complex technical problems

• Strong communication skills and ability to articulate complex material to a diverse audience

• Strong project management skills including the ability to handle multiple projects concurrently

• Experience with coaching, training, and mentoring

• Bachelor's or Master's degree in Real Estate, Finance, Accounting or related field

• Tax Credits is not a functional role

Job Expectations:

• Ability to travel up to 10% of the time

• Ability to work additional hours as needed

• This role requires at least 4 days in the office

Additional Information:

• Pay Range: $150,000 - $175,000 USD Annual

• May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive award

• Relocation assistance is not available for this position.

• The position is not eligible for Visa sponsorship.

• Posting may come down early based on applicant volume.

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

$120,400.00 - $287,600.00

Benefits

Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan

• Paid Time Off

• Parental Leave

• Critical Caregiving Leave

• Discounts and Savings

• Health Benefits

• Commuter Benefits

• Tuition Reimbursement

• Scholarships for dependent children

• Adoption Reimbursement

Posting End Date:

10 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.

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.

Company: WELLS FARGO BANK

Req Number: R-365023-2

Updated: Sat Jun 08 02:17:36 UTC 2024

Location: BOSTON,Massachusetts