2023 Wells Fargo CIB Commercial Real Estate Analyst Program
Company: Wells Fargo
Location: Charlotte
Posted on: August 7, 2022
Job Description:
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.Wells Fargo is seeking talent to join the 2023
Commercial Real Estate Analyst Program in Corporate and Investment
Banking. Learn more about the career areas and lines of business at
Commercial Real Estate OverviewCommercial Real Estate is part of
the Corporate & Investment Banking division and delivers a
comprehensive suite of capital markets, banking, and financial
products and services. Commercial Real Estate provides financing
services to experienced real estate owners, 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.The CIB
Commercial Real Estate Analyst Program is non-rotational. Offers
are made for a specific Commercial Real Estate business and
location, based on candidate preference and business need in one of
the following:
- Real Estate Banking
- Senior Housing Finance
- Hospitality Finance
- REIT Finance
- Community Lending and Investment
- Commercial Mortgage Loan and Securities Finance
- Multifamily Capital
- Speciality Capital (Digital Infrastructure - Data Centers)
- Real Estate Capital MarketsWHAT THE PROGRAM OFFERS You will
work closely with the relationship managers in your office to
underwrite real estate and develop a deep understanding of market
fundamentals and borrower's balance sheet profiles. You will also
assist relationship managers as they meet with their clients on a
regular basis to ensure we continue 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 an 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 relationship managers to structure
multi-million dollar transactions.
- Reviewing and assisting in the development of loan agreements
and ancillary 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 relationship managers ensuring 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 costing analyses.Analysts start
with a comprehensive six to eight 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 team. Analysts will also receive on-the-job coaching,
mentoring, and feedback throughout their tenure.Program duration:
This is a 2 year program with a program start date of June
2023.Program Locations: We have summer internship positions
available nationwide, however, a majority are located in the
following cities: Boston, New York, Washington D.C., Charlotte,
Atlanta, Chicago, Dallas, San Francisco and Los Angeles. Due to a
city-wide mandate in New York City, all individuals who perform
in-person work or interact with the public during business must be
fully vaccinated against COVID-19 or qualify for an approved
accommodation to be exempt from being fully vaccinated. Currently,
this position falls under the scope of this mandate. REQUIRED
QUALIFICATIONS:
- 6+ months of Commercial Real Estate Relationship Management -
Program experience, or equivalent demonstrated through one or a
combination of the following: work experience, training, military
experience, educationDESIRED QUALIFICATIONS: CIB Commercial Real
Estate Analysts must demonstrate a combination of academic
aptitude, quantitative skills and personal motivation. It is
preferred that your background includes:
- Intermediate Microsoft Office skills
- Strong analytical skills with high attention to detail and
accuracy
- Excellent verbal, written, and interpersonal communication
skills
- High level of initiative and accountability
- Effective organizational, multi-tasking, and prioritizing
skills
- Ability to work in a fast-paced deadline driven
environment
- Solid problem solving and decision making skills
- Proven leadership, self-motivation and success through
internships, part-time or full-time work, and/or extracurricular
activities
- Bachelor's Degree with an expected graduation date in December
2022 or May/June 2023Wells Fargo will only consider candidates who
are presently authorized to work for any employer in the United
States and who will not require work visa sponsorship from Wells
Fargo now or in the future in order to retain their authorization
to work in the United States.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.All qualified
applicants will receive consideration for employment without regard
to race, color, religion, sex, sexual orientation, gender identity,
national origin, disability, or status as a protected veteranWe
Value Diversity At Wells Fargo, we believe in diversity, equity and
inclusion in the workplace; accordingly, we welcome applications
for employment from all qualified candidates, regardless of race,
color, gender, national origin, religion, age, sexual orientation,
gender identity, gender expression, genetic information,
individuals with disabilities, pregnancy, marital status, status as
a protected veteran or any other status protected by applicable
law. 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. Candidates applying
to job openings posted in US: All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, disability, or status as a protected veteran. Candidates
applying to job openings posted in Canada: Applications for
employment are encouraged from all qualified candidates, including
women, persons with disabilities, aboriginal peoples and visible
minorities. Accommodation for applicants with disabilities is
available upon request in connection with the recruitment
process.
Keywords: Wells Fargo, Charlotte , 2023 Wells Fargo CIB Commercial Real Estate Analyst Program, Accounting, Auditing , Charlotte, North Carolina
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