Experience:
0-1 years of experience
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Employment Type:
Intern/Co-op
Posted:
9/4/2012
Job Category:
Other
Industry:
Banking & Finance
Wholesale Banking Analyst Trainee
(This job is no longer available)
Wells Fargo | LA-Downtown Los Angeles, CA
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Job Description

The Los Angeles office of Wells Fargos Real Estate Merchant Banking ( REMB ) group is seeking to hire a financial analyst to join a growing, entrepreneurial group focused on unique financing and investing opportunities in the commercial real estate space.  REMB leads Wells Fargo s commercial real estate principal investing activities and seeks to invest in a variety of structures at all levels of the capital stack.

ADVANCED CREDIT TRAINING
Based on outstanding performance after the program, analysts apply to the Credit Management Training Program (CMTP) which is a 4.5 month classroom course in San Francisco. CMTP focuses on advanced level credit analyses, case studies, and presentations. At the conclusion of CMTP, analysts enter a credit-related role in Wholesale Banking, where their primary clients will be mid-sized companies, large corporations, institutions and real estate developers and investors. Final placement is determined by business need and mutual interest.

RESPONSIBILITIES
You will become an integral part of a team and have the opportunity to assume significant responsibility that may include:

- Researching specific real estate markets to assess market demand, potential for demand and rate growth, competitiveness of comparable properties, and risk presented by new supply

- Participating in property tours and site visits to develop a deeper understanding of the real estate transaction

- Assembling complex financial models that identify the potential financial performance of an asset, underwriting risks associated with demand, rate, expenses, and supply

- Preparing information memorandums and recommendations for the senior credit and investment committees

- Reviewing and assisting in negotiating loan agreements, partnership agreements and ancillary documents related to the closing of a transaction

- Understanding client needs and identifying potential cross-sell opportunities for other Wells Fargo products and services
 
Minimum Qualifications
- Excellent interpersonal, written, and verbal communication skills
- Demonstrated excellence in working effectively as an individual and as a part of team
- Proven interest in real estate finance and investing
 
Preferred Skills
- Bachelor s degree in business administration, finance, accounting or real estate
- Professional experience through internships, part-time or full-time work, and/or extra-curricular activities in analyzing financial statements, real estate assets and assessing companies
- Strong personal motivation and attention to detail
- Strong organizational skills
- Ability to multi-task and work in a deadline driven environment

About Wells Fargo

Wells Fargo & Company is a financial holding company and a bank holding company. It is a diversified financial services company. It provides retail, commercial and corporate banking services through banking stores located in 23 states: Alaska, Arizona, California, Colorado, Idaho, Illinois, Indiana, Iowa, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin and Wyoming. It provides other financial services through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services and venture capital investment. It operates in three segments: Community Banking, Wholesale Banking and Wells Fargo Financial. (Source: 10-K)