Real Estate Valuation Manager 2 - Western Territory

Location
Minneapolis, Minnesota
Posted
September 16 2020
Ref
5551961-2
Industry
Banking
Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

As the largest mortgage originator and servicer in the country, understanding the value of real estate, both commercial and residential, is critical. Real Estate Valuation Services (REVS) serves as an independent risk management function within Corporate Credit that:
  • Interprets appraisal regulation and sets Corporate Valuation Policy
  • Communicates with regulators on pending and proposed regulations
  • Assumes responsibility for ensuring that compliant valuation processes and practices are in place for all valuations across Wells Fargo
  • Leads the industry in real estate valuation processes and execution

REVS is looking to fill three (3) Valuation Manager 2 opportunities within the Western territory. These positions will consist of the following:
  • Los Angeles, CA (and the surrounding metro area) and San Diego, CA (and surrounding metro area) we will specifically look for 1 Residential Manager.
  • Chicago, IL (and the surrounding metro area) and Minneapolis, MN (and surrounding metro area) we will specifically look for 1 Commercial Manager and 1 Residential Manager

The primary purpose of these positions is to manage residential and/or commercial appraisers who provide real estate valuations for property which the bank uses as collateral for a variety of lending related activities. These leadership positions exists to ensure the appraisers provide accurate valuations which are compliant, and meet established service level expectations. The managers will effectively partner and influence executive leadership, while also ensuring the business runs efficiently, supports the customer needs and always remains in compliance. Duties will include, but not be limited to, the following:
  • Meeting management's defined risk objectives
  • Responsibility for staff management and workflow, as well as staff leadership and development
  • Coordinating residential and commercial valuation and market expertise with peers and senior management
  • Supporting cross disciplinary development in residential and commercial space
  • Personal production
  • Addressing audit findings, and working with internal and external REVS and LOB groups to effectively deal with escalated valuation issues

As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:
  • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
  • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.


Required Qualifications

  • 5+ years of valuation experience
  • 4+ years of management experience
  • Certified Appraiser


Desired Qualifications

  • Intermediate Microsoft Office (Word, Excel, and Outlook) skills
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to take on a high level of responsibility, initiative, and accountability
  • Strong organizational, multi-tasking, and prioritizing skills
  • Ability to work in a fast paced deadline driven environment


Other Desired Qualifications
  • 3+ years of recent management of commercial and residential staff appraisers/reviewers for a regional or national institution. This will include expert knowledge and experience performing valuations and territory coverage for specific geographic areas
  • Strong technical and analytical skills including financial analysis
  • Customer service focus with experience actively listening, eliciting information, comprehending customer issues/needs, and recommending solutions
  • 4-year college degree with course work in Appraisal, Real Estate Finance, Development, Accounting and Construction Science preferred.


Job Expectations

  • Ability to travel up to 20% of the time


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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