2024 Wells Fargo CIB Commercial Real Estate Analyst Program

2024 Wells Fargo CIB Commercial Real Estate Analyst Program

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 2024 Commercial Real Estate Analyst Program in Corporate and Investment Banking. Learn more about the career areas and lines of business at wellsfargojobs.com

Commercial Real Estate Overview

Commercial 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
• Specialty Capital (Digital Infrastructure - Data Centers)
• Real Estate Securitization and Capital Markets (Origination)

WHAT 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 2.5 year program with a program start date of June 2024.

Program Locations : We have 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.

Pay Range:

• Boston: $100,000 - $110,000 Annually
• New York: $100,000 - $110,000 Annually
• Washington D.C.: $100,000 - $110,000 Annually
• Charlotte: $100,000 - $110,000 Annually

• Atlanta: $100,000 - $110,000 Annually
• Chicago: $100,000 - $110,000 Annually
• Dallas: $100,000 - $110,000 Annually
• San Francisco: $100,000 - $110,000 Annually
• Los Angeles: $100,000 - $110,000 Annually
• May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards.

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, education

DESIRED 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 2023 or May/June 2024

Wells 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 veteran

We 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, age, 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.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.