9 days old
2017-12-012018-01-04

Property Analyst

London, England W1A 2LQ
  • Job Code
    18296BR-1
Wells Fargo is one of the worlds largest banks and provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Centre (DIFC), Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo, and Toronto.

The Wells Fargo Commercial Real Estate division is now established as one of the premier providers of real estate finance in the UK and Irish markets. The London branch focuses on a wide spectrum of real estate assets including the core commercial asset classes of office (particularly London), logistics, light industrial and retail plus student housing and residential (for sale/BTR). Clients are both UK and internationally based including leading REITS, fund managers and large private property companies. Typical transaction sizes average 50-100million and the team extended in excess of 2 billion of new commitments in 2016.

The principal responsibility of the property underwriting group is to provide to the CRE teams an accurate insight into individual assets and property markets in the UK and Ireland supported at all times by sufficient research and by leveraging contacts within the property/ surveying/ valuation industry this advice forms an important part of the CRE decision-making process. We are seeking to add an analyst level team member with 1-2 years post qualification experience. The candidate will assist with a portfolio of loans which will require regular monitoring and revaluing as well as close involvement with new business and the role will grow with your experience/ability.

We are seeking an enthusiastic candidate for the following key responsibilities:
  • Assisting with the provision of initial property risk appraisals and desktop valuations plus research into markets, locations, assets, rents and yields (including provision of comparables). The underlying theme is the likely future performance of collateral up to and beyond loan expiry concerning asset quality, re-letting prospects, condition, cost of refurbishment etc.
  • Assisting with inspections of property assets, usually with other team members from the Relationship Management and Credit Risk Management teams.
  • Assisting with advice to the Relationship Management team during loan execution, particularly in respect of legal/ title analysis; property valuations; property condition reports; and environmental reports.
  • Preparing quarterly updates of relevant property/ tenancy information; market information; valuation advice; rental/ yield comparables where required for Quarterly Status Reports (used by the bank to monitor loans and assets); this also includes the provision of brief commentaries on the UK property markets for internal risk management purposes.
  • Assisting in the monitoring of property collateral in conjunction with Relationship Management and Credit, assisting with consents for new lettings, surrenders, alterations to properties, sales etc.
  • Attending internal and external meetings where you will assist team members in giving opinions on assets, markets and issues relating to property including the property legal framework in the UK, construction matters etc.
  • The role will exclude the commissioning and formal review of external valuations, condition reports, environmental reports and development monitoring reports this is undertaken by another team.
The Property Underwriting Group has 4 current team members and a relatively flat structure each team member takes responsibility for their own workload but there is a constant discussion about assets, markets etc within the team with team members supporting each other when required.
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Property Analyst

Wells Fargo
London, England W1A 2LQ

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Property Analyst

Wells Fargo
London, England
GB

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