About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
About Enterprise Global Services
Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website.
Department Overview
Working for a global leader in banking, Wells Fargo & Company is one of the world’s largest banks and employs more than 270,000 people worldwide. Our international business activities truly span the globe, with our coast-to-coast U.S. presence, overseas offices in strategic locations and technology platforms, we provide our clients the direct and on-the-ground support they need to effectively manage all their global business in 130 countries.
The Well Fargo Commercial Real Estate division has consistently outperformed its competitors thereby taking a leading market share in the US. EGS Commercial Real estate team has 470+ team members across Hyderabad and Bengaluru. This team provides back-end support on all commercial real estate loans originated by Wells Fargo and provides servicing support for 500+ billion outstanding loans.
About the Role
Performs activities related to Commercial Real Estate loans, which includes analyzing the performance of a property/portfolio based on review of client provided data, market research and LOB specific lending guidelines.
Responsibilities
Responsibility includes, but not limited to:
Essential Qualifications
Desired Qualifications
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
About Enterprise Global Services
Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website.
Department Overview
Working for a global leader in banking, Wells Fargo & Company is one of the world’s largest banks and employs more than 270,000 people worldwide. Our international business activities truly span the globe, with our coast-to-coast U.S. presence, overseas offices in strategic locations and technology platforms, we provide our clients the direct and on-the-ground support they need to effectively manage all their global business in 130 countries.
The Well Fargo Commercial Real Estate division has consistently outperformed its competitors thereby taking a leading market share in the US. EGS Commercial Real estate team has 470+ team members across Hyderabad and Bengaluru. This team provides back-end support on all commercial real estate loans originated by Wells Fargo and provides servicing support for 500+ billion outstanding loans.
About the Role
Performs activities related to Commercial Real Estate loans, which includes analyzing the performance of a property/portfolio based on review of client provided data, market research and LOB specific lending guidelines.
Responsibilities
Responsibility includes, but not limited to:
- Responsible for evaluating financial performance of borrower / guarantor based on a variety of factors and determining an appropriate risk rating, both qualitative and quantitative. This would include review of financial statements, such as balance sheet, income statement and compare it against LOB provided guidelines.
- Analyzing historical cash flows and developing proforma based on historical performance of the property and relevant market data.
- Evaluate existing leases within the property to determine possible impact on cash flows by reviewing for pertinent clauses, such as termination options / go dark.
- Review loan documents and summarize salient facts of the loan and ongoing covenants (both financial and non-financial) to be maintained by the borrower.
- Identify any exception based on LOB provided lending guidelines and document them.
- Perform market research of real estate using various third party applications and compare performance of subject property against market data to draw conclusion of overall performance.
- Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset.
- Document and synthesize all of the findings based on above mentioned reviews.
Market Skills and Certifications
- Quality check of work performed by junior team members and provide appropriate feedback on the same.
- Understand the feedback received from the onshore team members and disseminate the same to the team.
- Provide training to the team members and educate them on the tough scenarios.
- Analytical bend of mind and ability to draw pattern from discrete set of data.
Essential Qualifications
- 4 to 6 years of overall experience in commercial real estate industry.
- Ability to read, comprehend and synthesize data regarding property performance / market related information from multiple sources into one prescribed template.
- Knowledge of mortgages, real estate market, and financial lending.
- Sound understanding of commercial credit analysis techniques including cash flow analysis, financial concepts and valuation of collateral.
- Good knowledge with excel skills with ability to develop and comprehend complex function and macros.
- Excellent communication skills, with good comprehension and business writing skills.
- Analytical bent of mind and ability to draw pattern from discrete set of data.
Desired Qualifications
- Master Degree in Accounting, Finance, Economics or CA Inter.
- Any professional certification in Finance/Accounting/Economics would be a plus
- Certification in VBA/Advanced Excel would be a plus
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