Commercial Real Estate Hospitality & Lodging Portfolio Manager

Queens County Bar Association; New York (NY); On-site; USD 84,000 - 180,000; Full time

Job summary

A leading financial institution is seeking a Commercial Real Estate Portfolio Manager. The role involves managing a portfolio of commercial real estate loans, analyzing market data, and collaborating with team members to optimize loan strategies. Ideal candidates will have a strong background in real estate finance, excellent analytical skills, and the ability to maintain robust client relationships.

Benefits

Health benefits

401(k) Plan

Paid time off

Tuition reimbursement

Qualifications

• 2+ years of Commercial Real Estate Portfolio Management experience.
• Experience with various commercial property types.
• Strong verbal and written communication skills.

Responsibilities

• Assist in managing a portfolio of commercial real estate loans.
• Analyze and underwrite new loan opportunities.
• Conduct portfolio reviews to identify potential concerns.

Skills

Relationship Management

Financial Analysis

Market Research

Analytical Skills

Communication Skills

Education

BS/BA degree or higher

Job description

About this role:

Wells Fargo is seeking a Commercial Real Estate Portfolio Manager to asset manage an assigned group of commercial real estate loans for the Specialty Real Estate Finance (SREF) group.

In this role, you will:

• Assist in the management of a portfolio of commercial real estate loans and investments within Specialty Real Estate Finance, our alternatives balance sheet lending CRE platform
• Analyze and underwrite new loan opportunities within the assigned portfolio, utilizing market research, internal loan information, client data, and third-party market research.
• In conjunction with senior team members, review and make recommendations for approval (or denial) of loan requests, lease approvals, collateral releases, requests for letters of credit, funding of reserves/loan holdbacks, loan extensions and loan modifications
• Collaborate with coverage bankers to develop strategies around relationship optimization and deal-level execution including screening, underwriting, negotiating, closing, and asset management of loans
• Interface with customers to assist in identifying needs and maintaining strong relationships
• Perform both sponsorship and loan level financial analysis
• Complete in-depth property level analysis and market research
• Collaborate with senior team members to present and advocate to credit committee for approval of loans
• Work with outside counsel, internal compliance, and our loan closing teams to close modifications and new loans including review of third-party reports and loan documentation
• Review and approve construction loan draws
• Conduct quarterly and annual portfolio reviews to identify potential concerns
• Conduct property tours
• Maintain an in-depth knowledge of the local commercial real estate market
• Maintain general knowledge of Wells Fargo products and services to best deliver the firm to the client

Required Qualifications:

• 2+ 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:

• 2+ years of commercial real estate origination underwriting and portfolio management experience
• Ability to develop and maintain strong relationships while actively participating in the successful execution of complex transactions
• Familiarity with various commercial property types
• Experience evaluating market conditions and identifying appropriate comparable properties utilizing tools such as CoStar, ARGUS, NIC MAP
• Ability to apply sound judgment in the application of analytical conclusions to credit approval, structure, and management recommendations
• Strong verbal, written, and interpersonal communication skills
• Ability to interact with all levels of an organization
• Intermediate Microsoft Office skills including a high level of proficiency in Microsoft Excel including various accounting and finance functions
• A BS/BA degree or higher

Job Expectations:

• Ability to work additional hours as needed
• Ability to travel domestically

Posting Locations:

• 550 South Tryon St, Charlotte, North Carolina
• 30 Hudson Yards, New York, NY
• 1700 K St NW, Washington, D.C.

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$84,000.00 - $179,200.00
Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• 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

Posting End Date:
13 Jun 2025
*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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.

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.

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.