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.
Required Qualifications:
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
Desired Qualifications:
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
Posting Locations:
550 S Tryon St, Charlotte, North Carolina
This position is not eligible for Visa sponsorship.
Start Date: Jan 2025
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.
