VP - Lead Commercial Real Estate Portfolio Manager

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.
Commercial Real Estate (CRE) provides a fully integrated platform of banking, financing, and capital markets solutions to commercial real estate clients including financial sponsors, institutional investors and asset managers, regional developers, and public and private corporations.
About this role:
Wells Fargo is seeking a Vice President, Lead Commercial Real Estate Portfolio Manager - Tax Credit to manage a portfolio of equity investments from some of our largest and most complex affordable housing clients. This requisition represents multiple VP opportunities across the Tax Credit Asset Manager (TCAM) team, supporting various hiring managers. While the core responsibilities are consistent across roles, individual positions may differ based on portfolio focus (e.g., stabilized vs. pre-stabilized transactions). Candidates will be evaluated for the best fit across available openings.
In this role, you will:

• Independently manage a portfolio of LIHTC/affordable housing real estate investments, serving as the primary point of contact for general partners and internal teams.
• Monitor performance of stabilized, construction, and lease-up assets, including review of third-party reports, inspections, market conditions, and site visits to identify risks or performance issues.
• Analyze financial statements, tax returns, partnership documentation, and sponsor financials to assess asset health, compliance, and credit quality.
• Identify emerging issues, develop recommendations, and execute action plans, including evaluating and communicating risk rating changes to credit partners and senior management.
• Review and underwrite general partner consent requests, such as loan refinances, partnership structure changes, reserve releases, and capital contribution adjustments.
• Evaluate and process capital contribution requests and reserve withdrawals, ensuring calculations, adjusters, and documentation comply with partnership agreements.
• Provide leadership through coaching, mentoring, and supporting junior team members, while contributing to asset management process improvement initiatives.
• Oversee and track work outsourced to third-party vendors, ensuring accuracy, timeliness, and alignment with asset management standards.

Required Qualifications:

• 5+ 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:

• 5+ years of LIHTC experience across underwriting, asset/portfolio management, financial analysis, or related roles, with strong knowledge of Section 42 regulations and affordable housing fundamentals
• Proven ability to manage and assess LIHTC/affordable housing assets at all stages, including construction, lease-up, transition to stabilization, and ongoing operations
• Strong ability to review tax returns, audits, and financial statements, with deep understanding of financial and tax-related issues affecting real estate investments
• Experience underwriting perm loan conversions, evaluating construction-stage deals, and reviewing complex CRE loan, investment, and partnership legal documents
• Demonstrated ability to solve complex problems with accuracy, advanced Excel skills
• Ability to manage multiple concurrent deals/projects with strong organization; experience coaching, mentoring, or supporting team development.
• Ability to effectively summarize and present complex material to diverse stakeholders.

Job Expectations:

• Ability to travel as needed
• Willingness to work on-site in accordance with current office requirements
• Ability to work additional hours as needed
• Visa sponsorship is not available
• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Pay Range: $150,000-$200,000
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