Job Title:Wholesale Credit Prgm-Analyst - Commercial Real EstateJob ID Number:5269086-1Location:Los Angeles,CAJob Description:Job Description The Financial Analyst Program in Commercial Real Estate provides analysts with a strong foundation in credit analysis, and prepares you to understand and identify credit risks so that you can make informed lending decisions. As an analyst, you will participate in Credit Fundamentals, a fundamental credit training course which combines analysts from all lines of business. The training covers the people, credit, and transaction underwriting framework with a specific focus on financial accounting, cash flow analysis, loan structuring and underwriting. Analysts also build upon their analytical knowledge by participating in on-going training classes and seminars during their tenure with the firm. ADVANCED CREDIT TRAINING Based on outstanding performance after the program, analysts apply to the Credit Management Training Program (CMTP) which is a 4.5 month classroom course in San Francisco. CMTP focuses on advanced level credit analyses, case studies, and presentations. At the conclusion of CMTP, analysts enter a credit-related role in Wholesale Banking, where their primary clients will be mid-sized companies, large corporations, institutions and real estate developers and investors. Final placement is determined by business need and mutual interest. RESPONSIBILITIES You will become an integral part of a team and have the opportunity to assume significant responsibility that may include: Researching specific real estate markets to assess market demand, potential for demand and rate growth, competitiveness of comparable properties, and risk presented by new supply Participating in property tours and site visits to develop a deeper understanding of the real estate transaction Assembling complex financial models that identify the potential financial performance of an asset, underwriting risks associated with demand, rate, expenses, and supply Preparing information memorandums and recommendations for the senior credit committee Reviewing and assisting in negotiating loan agreements and ancillary documents related to the closing of a transaction Understanding client needs and identifying potential cross-sell opportunities for other Wells Fargo products and services Team members 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 1+ year of experience in one or a combination of the following: financial analysis, credit analysis, statistical analysis, or statement spreading; or a BS/BA degree or higher granted prior to hire date Desired Qualifications Ability to work in a fast-paced deadline driven environmentEffective organizational, multi tasking, and prioritizing skillsExcellent verbal, written, and interpersonal communication skillsHigh level of initiative and accountabilityIntermediate Microsoft Office skillsSolid problem solving and decision making skillsStrong analytical skills with high attention to detail and accuracy Other Desired Qualifications Professional experience through internships, part-time or full-time work, and /or extra-curricular activities in the Commercial Real Estate industry. 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, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
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