Commercial Real Estate Associate

Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.

Commercial Real Estate (CRE)
Delivers a comprehensive platform of financing and banking products for experienced commercial real estate clients, including balance sheet lending, CMBS origination and distribution, loan warehousing, agency financing for multifamily properties, and debt and equity capital for affordable housing.

About the Role:

We are seeking a Commercial Real Estate Associate with strong underwriting experience to join our EMEA Commercial Real Estate team. This role is ideal for an individual who has developed robust commercial real estate credit skills through direct lending, investment banking, debt investing, or structured finance, and is looking to apply those capabilities within a leading global CRE platform.

As a key member of the deal team, the Associate will be responsible for underwriting, executing, and actively managing a diversified portfolio of Commercial Real Estate direct lending and structured finance transactions, including repo and CMBS-related exposures. The successful candidate will possess strong analytical and financial modelling capabilities, a solid understanding of commercial real estate fundamentals, and the ability to assess complex credit structures across multiple property sectors.

CRE EMEA forms part of Wells Fargo's Global Commercial Real Estate platform within the Corporate & Investment Banking division, providing access to a broad range of financing solutions and exposure to sophisticated transactions across European markets.

Joining Wells Fargo's Commercial Real Estate team offers the opportunity to work on some of the most sophisticated and complex real estate financings in the market. You'll collaborate with experienced professionals across banking, capital markets, risk and structured finance while developing a broad skill set spanning both traditional CRE lending and securitised products. We foster a collaborative, inclusive culture where team members are empowered to take ownership, build deep expertise and contribute to delivering exceptional outcomes for our  this role you will:

Underwriting & Execution Underwrite new direct secured lending CRE loans across property types (industrial, office, retail, mixed‑use and living sectors) and facility types (construction, bridge, term, perm).Analyse and underwrite structured finance transactions, including repo and CMBS.Perform sponsor‑, loan‑, and property‑ financial analysis, including cash flow modelling, leverage metrics, and downside scenarios.

Support deal structuring, sizing, pricing, and credit positioning across senior and subordinate exposures.

Prepare underwriting materials, credit memos, and investment committee packages.

Review third‑party reports (appraisals, property condition reports, environmental, insurance reviews, market studies).Portfolio Management Assist in the ongoing management of a portfolio of CRE loans and CMBS-related exposures including risk retention interests and liquidity facilities.

Monitor credit performance, covenant compliance, collateral value, and sponsor strength.

Review and manage quarterly waterfalls and construction draws where applicable.

Support loan amendments, extensions, modifications, reserve releases, and consent requests.

Prepare reporting for quarterly and annual portfolio reviews, identifying and presenting any emerging risks and mitigation strategies.

Preparing adhoc reporting as applicable such as sector reviews or watchlist reporting.

Structured Finance & Capital Markets Experience Support securitization and structured finance activity, including CMBS, CRE CLO and Data Center ABS transactions.

Assist with analysis of capital structures, bond tranching, ratings considerations, and investor requirements.

Coordinate with internal structured credit, capital markets, and risk teams, as well as external parties (counsel, rating agencies, investors).Coordination & Stakeholder Management Work closely with bankers, senior portfolio managers, credit, legal, and operations teams to execute transactions.

Interface with external sponsors, borrowers, investors and counter parties as part of deal execution and portfolio oversight.

Required Qualifications Experience in commercial real estate lending, structured credit, or investment banking.

Strong foundational CRE underwriting skills with exposure to cash flow modelling and credit analysis.

Familiarity with structured lending concepts (repo, CMBS, securitization structures).Advanced Excel skills; experience building and reviewing financial models.

Strong written and verbal…