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2020 Summer Financial Analyst Program - Commercial Real Estate (CRE) – Multifamily Capital

Wells Fargo

Wells Fargo

2020 Summer Financial Analyst Program - Commercial Real Estate (CRE) – Multifamily Capital

New York, NY
Internship
Paid
  • Responsibilities

    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. Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

    OVERVIEW

    The Summer Financial Analyst Program is designed to provide undergraduate students with an in-depth understanding of the day-to-day responsibilities of a full-time analyst. You will gain exposure to Wells Fargo’s operations, business strategies, and corporate culture by working in a Wholesale Banking office with experienced team members.

    The Summer Financial Analyst Program is approximately 10 weeks in length and is non-rotational. The Commercial Real Estate business varies lending areas but this internship opening is specifically for the Multifamily Capital group.

    • Real Estate Banking: Provides on balance sheet loans to facilitate the construction, acquisition and repositioning of multi-family, office, industrial retail, and residential properties, serving both regional and institutional private developers.

    • Senior Housing Finance: Offers a comprehensive suite of traditional banking and credit products, as well as other services, to the top owners, operators and developers of senior housing properties nationwide. More specifically, the group is solely focused on the private pay rental independent living, assisted living and memory care property types.

    • Hospitality Finance: Delivers financial products and services specifically to leading hotel owners nationwide, including well-capitalized private owners and operators, institutional real estate funds dedicated to hospitality, and public REITs.

    • REIT Finance: Delivers corporate banking products and services to public and private Real Estate Investment Trusts (REITs), including corporate-level lending, asset-level lending and capital structure advisory.

    • Community Lending and Investment: Provides debt and equity capital for economic development, job creation, and affordable housing to our communities nationwide.

    • Multifamily Capital: Provides non-recourse permanent multifamily and healthcare facility financing for experienced multifamily, senior housing and healthcare developers, investors and owners through Fannie Mae, Freddie Mac, and FHA programs .

    • Real Estate Capital Markets: Meets the non-recourse, permanent debt needs demanded by today’s commercial real estate developer and investor through portfolio and CMBS-executed loans on stabilized commercial real estate properties.

    WHAT THE PROGRAM OFFERS

    During the summer, we focus on your training and development so you’ll be prepared to take your next career step once you complete the program. You will gain insight into Wells Fargo’s corporate and credit culture, as well as opportunities for community involvement, networking and analytical training in line of business-specific concepts along with:

    • On-the-job experience: Working as part of a high-performing team in your business group is how you will gain in-depth experience as a summer financial analyst. You will begin to build your analytical skills and understanding of credit by actively participating in your team’s day-to-day activities.
    • Professional Support: You will be matched with a full-time analyst or a high-performing relationship manager who will be your resource and coach, available to answer your questions, help you through challenging situations, and give you feedback throughout the course of the summer.
    • A virtual speaker series: Wells Fargo’s top leaders provide insight into how to make the most of your summer experience while you get to learn about trends in the financial markets.
    • Organized networking activities: We promote community involvement and networking with other summer and full-time financial analysts.

    YOUR NEXT STEP

    Summer financial analysts who successfully complete the program are considered for the Financial Analyst Program. A significant number of interns who work with us during the summer return to Wells Fargo full-time.

    LOCATIONS

    We have summer internship positions available nationwide, however, a majority are located in the following cities: Boston, New York, Washington D.C., Charlotte, Atlanta, Chicago, Dallas, San Francisco and Los Angeles. This internship will be located in New York, NY.

  • Qualifications

    Desired Qualifications

    • Strong analytical skills and high attention to detail and accuracy
    • Excellent verbal, written, and interpersonal communication skills
    • Strong organizational, multi-tasking, and prioritizing skills
    • Ability to take on a high level of responsibility, initiative, and accountability
    • Intermediate Microsoft Office skills
    • Bachelor’s degree with an expected graduation date in December 2020 or May/June 2021

    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.

    Wells Fargo will not sponsor visas for these positions, and will not hire individuals whose work eligibility is based on their F-1 or other student visa status. Candidates must be authorized to work in the United States on a permanent basis.

    Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/ Gender Identity/Sexual Orientation.

  • Industry
    Financial Services
  • About Us

    Wells Fargo’s historical bank has been serving communities since 1852—with customers in one in three households nationwide and 8,700 locations across 33 countries. Wells Fargo—“Most Admired” among the world’s largest banks by Fortune magazine—offers an extensive portfolio of banking, mortgage, insurance, investment, consumer, and commercial expertise for every financial need. The Vision, Values & Goals of Wells Fargo details the enduring principles that guide all Wells Fargo team members in the work they do every day — in serving customers and helping each other.