Executive Director, LIHTC Senior Asset Manager

About this role:

Wells Fargo is seeking an Executive Director, Senior Lead Commercial Real Estate Portfolio Manager to manage a pre-stabilized portfolio of complex LIHTC equity investments, providing strategic leadership across some of Wells Fargo’s largest and most sophisticated affordable housing clients. This Executive Director role requires deep experience in LIHTC equity asset management, particularly the ability to independently monitor a portfolio of assets undergoing construction, lease-up and permanent loan conversion.

In this role, you will:

• Independently manage a portfolio of complex LIHTC equity investments, serving as the primary point of contact for general partners and internal stakeholders.

• Monitor performance across construction, lease-up, and stabilized stages, directing market assessments, reviewing third-party inspections, and identifying emerging risks.

• Lead risk governance for the portfolio, including surveillance for changes in risk ratings and delivering recommendations to credit partners and senior management.

• Analyze financial statements, tax returns/audits, and partnership documentation; review and underwrite general partner consent requests; and evaluate capital contribution and reserve withdrawal requests.

• Drive identification of issues and execution of action plans for troubled investments, partnering with internal stakeholders to ensure cross-functional resolution

• Provide leadership through coaching and mentoring talent, leading projects and teams, identifying and owning process improvements, and contributing subject matter expertise.

Required Qualifications:

• 7+ years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 7+ years of LIHTC experience across underwriting, portfolio/asset management, with strong knowledge of Section 42 and affordable housing fundamentals

• Manage, strategize and execute action plans to resolve troubled tax credit investments

• Advanced financial and tax analysis capabilities, with demonstrated ability to assess credit/portfolio impacts

• Proficiency with complex CRE and partnership documentation, including underwriting perm loan conversions and evaluating construction-stage transactions

• Executive-level communication and stakeholder management, with a track record of influencing cross-functional partners and senior leaders

• Leadership experience includes coaching, training, mentoring, and directing project teams in a fast-paced environment

• Strong analytical skills and advanced Excel proficiency, with exceptional attention to detail and sound judgment in complex situations

• Bachelor’s or Master’s degree in Real Estate, Finance, Accounting or related field

Job Expectations:

• Ability to travel as needed

• Willingness to work on-site in accordance with current office requirements

• Ability to work additional hours as needed

• This position is not eligible for VISA sponsorship

• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.

• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

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

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.