Senior Credit Portfolio Consultant
$87k - $154kWells Fargo Bank
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About this role:
Wells Fargo is seeking a Senior Credit Portfolio Consultant within the Business Banking and SBA Construction Portfolio Services Division. This role is focused on managing credit and construction risk throughout the life cycle of commercial real estate construction projects, from underwriting and pre-closing due diligence through construction, funding, and project completion. The Business Banking & SBA Construction Portfolio Services Division is responsible for:- Evaluating construction risk and project feasibility during the underwriting and pre-closing process
- Reviewing and analyzing commercial real estate construction due diligence, including project plans, budgets, permitting, and other requirements necessary for successful project completion
- Coordinating commercial real estate loan closings with a focus on credit and collateral quality
- Providing subject matter expertise and guidance related to commercial real estate construction loans
- Monitoring construction progress, draw requests, and project funding after closing
- Identifying and addressing risks that could impact construction progress, project completion, or credit quality
- Ensuring construction loans remain in compliance with applicable credit policies and requirements
- Providing commercial real estate construction guidance and training to business partners
In this role, you will:
- Assess construction and credit risk throughout the project life cycle, including underwriting, closing, construction, funding, and project completion
- Review and analyze commercial real estate construction due diligence to evaluate project feasibility and identify potential risks
- Evaluate project documentation, including construction budgets, permitting, and other information necessary to assess whether projects are positioned for successful completion
- Support the closing of commercial real estate construction loans with a focus on credit and collateral quality
- Monitor post-closing construction activity, including project progress, draw requests, and funding
- Identify and evaluate emerging construction, credit, or collateral risks and escalate issues as appropriate
- Ensure construction projects and related lending activities remain in compliance with applicable credit policies and loan requirements
- Make recommendations in complex situations requiring sound judgment and an understanding of commercial real estate construction and credit risk
- Collaborate and consult with Relationship Managers, Portfolio Managers, Independent Risk Management, and other business partners to resolve construction and credit issues
- Serve as a technical resource and provide guidance on commercial real estate construction lending matters
- Participate in projects and initiatives supporting the broader credit and portfolio organization
- Lead or participate in moderately complex credit and portfolio consulting services
- Mentor and guide large scale planning related to credit performance, potential or emerging risks, and credit and portfolio strategies
- Review and analyze potential or emerging credit risks that require an in-depth evaluation of variable factors to ensure conformity with risk appetite and culture, as well as appropriate credit policies
- Resolve moderately complex credit issues
- Lead a team to meet deliverables while leveraging solid understanding of credit products, programs, or related policies
- Collaborate and consult with peers, colleagues, and mid level managers to resolve credit portfolio issues and achieve goals
- Lead projects, teams, or serve as a mentor for less experienced staff
Required Qualifications:
- 4 + years of Credit Portfolio Consulting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- 4+ years of commercial real estate experience, with experience in construction lending, underwriting, portfolio management, or construction loan administration
- Experience evaluating construction risk and project feasibility, including factors that may affect a project's ability to reach completion
- Knowledge of commercial real estate construction due diligence and permitting requirements
- Experience reviewing construction budgets, project documentation, and other information used to assess and monitor construction risk
- Experience with commercial real estate construction loan closings, draw administration, project funding, and post-closing construction monitoring
- Knowledge of commercial real estate credit risk and credit policy, including the ability to identify, evaluate, and escalate potential risks
- Experience working with Relationship Managers, underwriters, Portfolio Managers, credit partners, risk partners, or other commercial lending stakeholders
- Strong analytical and problem-solving skills with the ability to independently evaluate complex information and identify appropriate next steps
- Strong organizational skills with the ability to manage multiple projects, transactions, or workstreams simultaneously
- Excellent written and verbal communication skills with the ability to effectively interact with business partners, peers, and management
- Ability to work effectively in a matrixed environment and build partnerships across multiple functions
- Advanced proficiency with Microsoft Excel; experience with Microsoft Access and SharePoint
Job Expectations:
- This position requires an onsite presence at one of the posted locations
- This position does not offer visa sponsorship
- 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
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