Job Description
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.
Community Lending and Investment (CLI) is responsible for investing debt and equity capital for economic development, job creation and affordable housing in areas of need nationwide. The vertically integrated group offers a suite of debt and equity products, including Low Income Housing Tax Credits, New Market Tax Credits, construction finance and permanent finance for affordable housing, and Charter School Finance, serving for-profit and non-profit developers and other organizations.
The Senior Deal Manager will primarily be accountable for transaction negotiation and substantive review and coordination of legal and due diligence documentation for Low Income Housing Tax Credit (LIHTC) equity and construction lending transactions in Community Lending and Investment (CLI).
Responsibilities for this position include, but are not limited to:
- Day-to-day management of all transaction participants, including customers, internal and external financing sources, tax credit programs and authorities, outside counsel and third party due diligence and service providers
- Negotiating and structuring equity and construction lending documents and understanding of LIHTC investment tax implications
- Working closely with the internal Legal Department when necessary and managing outside counsel
- Partnering with underwriting, management and Credit to structure and negotiation of deal terms with customers and third party lenders/agencies, identifying and mitigating business and legal risk and contributing to approval packages/meetings
- Integrating CLI debt and equity platforms with respect to documentation standards and maintenance
- Leading regular all-hands calls with clients, counsel, agencies and third party lenders
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.
Required Qualifications
- 10+ years of experience with Low Income Housing Tax Credit (LIHTC) transactions (debt or equity), New Markets Tax Credits (NMTC) experience, a portion of which may be comprised of non-affordable real estate lending/investing documentation and structuring experience, or a combination of both
Desired Qualifications
- Ability to manage large groups of both internal and external parties efficiently
- Strong communication skills
- Effective organizational, multi-tasking, and prioritizing skills
- A Juris Doctorate (JD) degree from an accredited institution
Job Expectations
- Ability to work additional hours as needed
Street Address
NC-Charlotte: 301 S College St – Charlotte, NC
OR-Portland: 1300 Sw 5th Ave – Portland, OR
MN-Minneapolis: 3030 Nicollet Ave – Minneapolis, MN
NY-New York: 150 E 42nd St – New York, NY
CA-SF-Financial District: 333 Market St – San Francisco, CA
CA-LA-Downtown Los Angeles: 333 S Grand Avenue – Los Angeles, CA
MA-Boston: 125 High Street – Boston, MA
TX-DAL-Downtown Dallas: 1445 Ross Ave – Dallas, TX
GA-Atlanta: 171 17th St Nw – Atlanta, GA
PA-Philadelphia: 123 S Broad St – Philadelphia, PA
Disclaimer
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 Summary
Benefits
Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.