Commercial Real Estate Analyst 1 - Real Estate Banking

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application. 

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.

Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; investment banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.

Commercial Real Estate (CRE) is part of Wells Fargo's Corporate & Investment Banking division and delivers a comprehensive suite of capital markets, banking, and financial products and services. CRE provides financing services to experienced real estate owners, for-profit and non-profit developers, investors, and real estate investment trusts (REITs), through all stages of their growth and development. We've built the strongest commercial real estate relationship management team in the industry.

Within CRE, Real Estate Banking (REB) provides traditional balance sheet construction and term loan lending for a wide range of real estate properties including office, multifamily, industrial, retail, and homebuilder segments. REB supports regional, national, and international owners, operators, developers, and investors through an integrated network of offices strategically located across the U.S., the U.K., Ireland, and Canada.

Analyst Program:  The Analyst Program is 3 year, non-rotational schedule and provides the opportunity to gain experience working for one of the most well regarded financial institutions in the world.

Training:  Analysts start with a comprehensive multi-week training program in Charlotte before beginning work with their business unit. The training combines all the analysts from various lines of business and includes classroom instruction in financial accounting, cash flow, credit analysis, products, structuring, corporate valuation and financial modeling. Wells Fargo professionals and consultants with special expertise in their fields equip analysts with the skills, knowledge and tools to make an immediate contribution to their respective teams. Analysts will also receive on-the-job coaching, mentoring, and feedback throughout their tenure.

YOUR ROLE AS A COMMERCIAL REAL ESTATE FINANCIAL ANALYST
You will work closely with our REB Portfolio Managers and Coverage Bankers to underwrite real estate located nationwide, manage risk, and develop a deep understanding of market fundamentals and borrower’s credit profiles. You will also assist Portfolio Managers and Coverage Bankers as they meet with their clients on a regular basis, to ensure REB continues to meet their needs and to identify future opportunities. 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 a real estate asset 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 Portfolio Managers and Coverage Bankers to structure multi-million dollar transactions
• Reviewing and assisting in the development of loan documents related to the closing of a transaction
• Participating in property tours and site visits to develop a deeper understanding of the viability of the real estate and the related transaction
• Working alongside Portfolio Managers to ensure 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 construction costing analyses

SUPPORT FOR YOUR SUCCESS
We focus on your training and development so you’ll be prepared to take your next career step once you complete the program. You’ll receive:

• On-the-job experience: Working as part of a high-performing team in your business group is how you will gain in-depth experience as a financial analyst. You will begin to build your analytical skills, written/verbal communication skills, and understanding of credit by actively participating in your team’s day-to-day activities.
• Credit fundamentals and accounting/excel modeling training: You will attend in-person courses during the Analyst Program to advance both your credit underwriting proficiency and solidify your accounting knowledge and excel modeling skills.
• Specialized training: Real Estate Banking will offer specialized training to foster a deeper understanding of your business, and you’ll become familiar with financial, technical, operational tools and processes to help you improve your credit underwriting, risk assessment, and problem-solving skills.

YOUR NEXT STEP
Analysts who successfully complete the program are on their way to a long-term career with Wells Fargo. The program is ideal for preparing you for a role as a Portfolio Manager managing client relationships by working with a company’s business principals to understand their short and long-term needs and to structure the financing and banking products that help them achieve their goals.

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 collaboration-teamwork, 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.

• 1+ year of financial services industry experience; or a BS/BA degree or higher obtained prior to program start date

• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• A BS/BA degree or higher
• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
• Ability to work effectively, as well as independently, in a team environment
• Advanced Microsoft Excel skills
• Ability to interact with integrity and a high level of professionalism with all levels of customers, team members and management

• Proven leadership, self-motivation and success through internships, part-time or full-time work, and/or extracurricular activities
• Real Estate knowledge or experience

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

CA-LA-Downtown Los Angeles: 333 S Grand Avenue - Los Angeles, CA

• All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
  
  Relevant military experience is considered for veterans and transitioning service men and women.
  Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Benefits
 

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.