Commercial Real Estate Underwriting Associate

About this role:

Wells Fargo is seeking a Commercial Real Estate Underwriting Associate.

In this role, you will:

• Participate in credit research and investigation of existing and prospective clients and counterparties under the direction of more experienced individuals within Commercial Real Estate Underwriting functional area
• Review basic issues, policies, or procedures for which answers can be quickly obtained, and are related to low to medium risk tasks and deliverables
• Receive direction from supervisor and exercise independent judgment while developing understanding of function, policies, procedures, and compliance requirements
• Collaborate and consult with Commercial Real Estate Underwriting managers, functional colleagues, and stakeholders, including internal as well as external customers.
• Your responsibilities include, but not limited to:
• Performing loan file review procedures on pools of commercial mortgage loans and properties
• Maintaining and updating critical data to reflect the results of loan file review procedures.
• Responsible for evaluating financial performance of borrower / guarantor based on a variety of factors. This would include review of financial statements and compare it against CRE guidelines.
• Evaluate existing leases within the property to determine possible impact on cash flows by reviewing for pertinent clauses, such as termination options / go dark.
• Review loan documents and summarize salient facts of the loan and ongoing covenants (both financial and non-financial) to be maintained by the borrower.
• Perform market research of real estate using various third-party applications and compare performance of subject property against market data to draw conclusion of overall performance.
• Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset.
• Interacting with clients to discuss, explain and reconcile data and offering document exceptions.
• Reviewing the Securitization offering documents for accuracy and completeness of collateral disclosure
• Document and synthesize all the findings based on above mentioned reviews.
• Assisting with training, mentoring, performing quality checks and developing junior team members
• Contribute towards building strong client relationships through interactions with client personnel.
• Contribute to a positive team attitude.

Required Qualifications:

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

Desired Qualifications:

• Master's degree in accounting, finance, economics, business administration
• 5+ years of relevant Commercial Real Estate working experience.
• Previous CMBS or ABS experience
• 3+ years of experience in financial cash flow modeling securitization transactions in Excel/VBA.
• Exposure to industry platforms such as REIS, Costar, TREPP
• Knowledge of CMBS-related legal/offering documents and commercial mortgage loan and property source documents
• Proficiency with Microsoft Office products (Excel, Word, Access) spreadsheet modeling experience is a plus.
• 1+ years of experience in coordinating and communicating with working parties such as bankers and portfolio managers.

Posting End Date:

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our 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.