VP - Lead Commercial Real Estate Portfolio Manager

Overview

Wells Fargo's Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets, and advisory solutions, including a full spectrum of sales, trading, and research capabilities for corporate, government, and institutional clients. The firm emphasizes addressing clients' overall financial needs while maintaining a strong, total relationship with Wells Fargo.

Commercial Real Estate (CRE) provides a fully integrated platform of banking, financing, and capital markets solutions to commercial real estate clients, including financial sponsors, institutional investors and asset managers, regional developers, and public and private corporations. This opportunity is based in Irvine, CA.

Role overview

Wells Fargo is seeking a Vice President, Lead Commercial Real Estate Portfolio Manager - Tax Credit to oversee a portfolio of equity investments from our largest and most complex affordable housing clients. This requisition covers multiple VP openings across the Tax Credit Asset Manager (TCAM) team, supporting different hiring managers. While core duties are consistent across roles, individual positions may vary by portfolio focus, such as stabilized versus pre-stabilized transactions. Candidates will be evaluated for the best fit among available openings.

What you will do

• Independently manage a portfolio of LIHTC and affordable housing real estate investments, serving as the primary point of contact for general partners and internal teams.
• Monitor performance of stabilized, construction, and lease-up assets, including review of third-party reports, inspections, market conditions, and site visits to identify risks or performance issues.
• Analyze financial statements, tax returns, partnership documentation, and sponsor financials to assess asset health, compliance, and credit quality.
• Identify emerging issues, develop recommendations, and execute action plans, including evaluating and communicating risk rating changes to credit partners and senior management.
• Review and underwrite general partner consent requests, such as loan refinances, partnership structure changes, reserve releases, and capital contribution adjustments.
• Evaluate and process capital contribution requests and reserve withdrawals, ensuring calculations, adjusters, and documentation comply with partnership agreements.
• Provide leadership through coaching, mentoring, and supporting junior team members, while contributing to asset management process improvement initiatives.
• Oversee and track work outsourced to third-party vendors, ensuring accuracy, timeliness, and alignment with asset management standards.

Required qualifications

• 5+ years of Commercial Real Estate Portfolio Management experience, or equivalent demonstrated through a combination of work experience, training, military experience, or education.

Desired qualifications

• 5+ years of LIHTC experience across underwriting, asset/portfolio management, financial analysis, or related roles, with strong knowledge of Section 42 regulations and affordable housing fundamentals.
• Proven ability to manage and assess LIHTC/affordable housing assets at all stages, including construction, lease-up, transition to stabilization, and ongoing operations.
• Strong ability to review tax returns, audits, and financial statements, with deep understanding of financial and tax-related issues affecting real estate investments.
• Experience underwriting permanent loan conversions, evaluating construction-stage deals, and reviewing complex CRE loan, investment, and partnership legal documents.
• Demonstrated ability to solve complex problems with accuracy, and advanced Excel skills.
• Ability to manage multiple concurrent deals/projects with strong organization; experience coaching, mentoring, or supporting team development.
• Ability to effectively summarize and present complex material to diverse stakeholders.

Job details and compliance

• Travel as needed.
• Willingness to work on-site in accordance with current office requirements.
• Ability to work additional hours as needed.
• Visa sponsorship is not available.
• This position is subject to FINRA background screening requirements. Candidates must successfully complete 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, including 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.

Compensation and benefits

Pay range: $150,000-$200,000. The base pay range offered for this position is reflected here; actual pay may vary based on factors including demonstrated performance, skills, experience, or location. Employees may also be eligible for incentive opportunities. A broader pay range including incentives is reported as $119,000.00 - $224,000.00.

Benefits and equity

• 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 information

Posting End Date: 18 Apr 2026. The job posting may be removed earlier if there is high application volume.

Equal opportunity and accessibility

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 a risk-aware culture that emphasizes compliance and governance. They are accountable for executing all applicable risk programs, following Wells Fargo policies, fulfilling risk and compliance obligations, and escalating and remediating issues as needed. Expectation is to maintain proactive monitoring, governance, and sound risk decisions aligned with the business unit's risk appetite and program requirements.

Applicants with Disabilities: To request a medical accommodation during the application or interview process, please visit Disability Inclusion at Wells Fargo.

Additional policies

Wells Fargo maintains a drug-free workplace. See the Drug and Alcohol Policy for details.

Recruitment and hiring requirements

Third-Party recordings are prohibited unless authorized by Wells Fargo. Applicants should directly represent their own experiences during the recruitment and hiring process.