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.
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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) operates throughout the United States, as well as Canada and the United Kingdom, to deliver a comprehensive platform of financing and banking products for experienced commercial real estate companies including balance sheet lending, CMBS origination and distribution, loan servicing, agency financing for multifamily properties, and debt and equity capital for affordable housing.
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.
***7+ years of construction management experience will be considered as applicable in order to meet the required qualifications for this role.
Please take this into account when responding to questions during the application process***
The Construction Manager on our due diligence team will work to ensure that our clients and development partners have provided the appropriate diligence demonstrating a complete design and permit ready project.
This position requires maintaining expertise in upfront construction due diligence (Plans and Specifications, Architect/Engineering Agreements, Geotechnical Reports, GC Contracts, Schedule of Values, Construction Schedule, etc.).
They will utilize their own Real Estate development experience by providing an “Owner Mentality” regarding the projects design, construction and overall implementation.
They will work closely with our developers, their design teams, and internal Wells Fargo project team members to ensure that our clients have assembled a complete development plan in order to mitigate construction risks.
Pre-Closing responsibilities include, but are not limited to:
Providing overall construction/development expertise to internal origination teams Managing the upfront construction review process and collecting the required front-end construction due diligence necessary for transaction closing Evaluating and reviewing technical construction contract documents to determine soundness of the project and conformance with industry standards, with the ability to identify and resolve construction issues Working closely with origination teams and underwriters to properly mitigate construction issues pursuant to the banks credit policy Clearly articulating construction issues and how issues were alleviated to the approval committee Ordering front end construction evaluation reports (Property Condition Report, Seismic Analysis, Pre-construction Analysis, Environmental Site Assessment) Review both internal & external reports, and when necessary directly review plans, specifications, surveys, permits, construction contracts, schedules, geotechnical reports, design and engineering contracts, P&P bonds, and other construction due diligence Visiting project sites of planned renovations to confirm the planned renovation will result in an acceptable product for the bank Post-Closing responsibilities include, but are not limited to:
Provide overall construction/development expertise to asset management team For projects which are currently under construction, provide guidance to asset managers addressing construction related issues, including budget, schedule issues, and change order review For projects which are complete but have physical issues, provide guidance in resolving them and their repairs Visiting project sites when necessary Salary range is determined by the location of the job.
The salary range displayed below is based on a Full-time 40 hour a week schedule:
NC-Charlotte: Min: $91,700 Mid: $131,000 Max: $170,300
CA-Irvine: Min: $100,900 Mid: $144,100 Max: $187,300
CO-Denver: Min: $91,700 Mid: $131,000 Max: $170,300
CA-LA-Downtown Los Angeles: Min: $100,900 Mid: $144,100 Max: $187,300
MA-Boston: Min: $110,000 Mid: $157,200 Max: $204,400
May be considered for a discretionary bonus
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 7+ years of underwriting or asset management experience in one or a combination of the following: Commercial Mortgage Backed Securities (CMBS), multifamily/agency commercial real estate or low-income housing tax credit investment or commercial real estate balance sheet lending Desired Qualifications Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions Extensive knowledge and understanding of credit and income producing real estate Strong attention to detail and accuracy skills Ability to read and understand complex commercial real estate loan or real estate investment documentation, securitization documents, including pooling and servicing agreements and related documentation Advanced Microsoft Excel skills Strong organizational, multi-tasking, and prioritizing skills Strong analytical skills and ability to solve complex technical problems Strong communication skills and ability to articulate complex material to a diverse audience Strong project management skills including the ability to handle multiple projects concurrently Other Desired Qualifications
Bachelor’s degree in Architecture, Engineering, Construction Management, or related field 10+ years of experience in commercial or multifamily construction Experience with multi-family building renovations Experience with negotiating GC and Subcontractor Contracts Experience with AIA Contract Documents Accessibility Requirements & Standards (ADA, FHA, UFAS, IBC, etc.) Experience with the Real Estate Development process Experience with the Municipal plan approval process Experience with tax credit projects desirable Seismic Building Code standards Experience with Seismic building retrofit Advanced knowledge of Excel & Word Professional Engineer (PE) License Licensed Architect Job Expectations Ability to travel domestically Ability to work outside of regular business hours Salary Information
The salary range displayed below is based on a Full-time 40 hour a week schedule.
NC-Charlotte: Min: $91,700 Mid: $131,000
CA-Irvine: Min: $100,900 Mid: $144,100
CO-Denver: Min: $91,700 Mid: $131,000
CA-LA-Downtown Los Angeles: Min: $100,900 Mid: $144,100
MA-Boston: Min: $110,000 Mid: $157,200
Street Address
NC-Charlotte: 301 S College St
– Charlotte, NC
CA-Irvine: 2030 Main St
– Irvine, CA
CO-Denver: 1700 Lincoln St
– Denver, CO
CA-LA-Downtown Los Angeles: 333 S Grand Avenue
– Los Angeles, CA
MA-Boston: 125 High Street
– Boston, MA
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…..
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