Rachel Goldin Jinich: Head of Specialty Real Estate Finance, Wells Fargo Commercial Real Estate
“Run towards the fire. Go to where there is growth and where you can make an impact,” says Rachel Goldin Jinich. “To me that’s always the recipe for success.”
Jinich exemplifies the drive to seize opportunities and master her craft amidst challenges. She reflects on how her authentic leadership style, commitment to growth, and dedication to supporting diverse talent and fostering a collaborative culture have defined her career.
Running Towards the Fire
From the beginning of her career, Jinich ran towards opportunity. Pivoting from an undergraduate degree in political science and Spanish literature, Jinich studied finance in graduate school, finding a passion for commercial real estate. Jumping at the chance to get experience on the lending side of real estate, Jinich joined the Wells Fargo commercial real estate team in 2006 in Boston, where only two years later she quickly learned how to weather a volatile market in the wake of the 2008 financial crisis. Reaching out to her mentor and asking to join a new group dedicated to handling distressed debt workouts, Jinich gained valuable experience and established long-lasting connections throughout the firm.
“There is no better time than during a crisis to truly master your craft and discover what you still need to learn. I had the privilege of working with incredibly talented individuals, many of whom are still with Wells Fargo today and with whom I continue to collaborate frequently.”
Always looking for growth opportunities and embracing challenges, Jinich continued to broaden her skillset in commercial real estate, working across various groups including Real Estate Merchant Banking, Special Situations, Hospitality Finance, and Specialty Capital, where she started a specialized lending group for data centers. Her breadth of experience and proven track record positioned Jinich to seamlessly assume the leadership role of her predecessor, becoming the head of Specialty Real Estate Finance (SREF) last year, with responsibility overseeing lodging and leisure, data centers, healthcare real estate, and manufactured housing.
“I am thrilled to lead this talented team focused on some of the most exciting sectors across real estate.”
Leading with a Growth Mindset
Jinich’s approach to seeking growth opportunities not only propels her career advancement, but also defines her leadership style. She notes that being open to learning from others and drawing on their expertise is an important element of how she shows up as a leader.
“It’s having a healthy dose of humility and a growth mindset in order to learn from the people around you. Put your ego aside, be a willing student and ask questions.”
Jinich also emphasizes authenticity as key to effective leadership, particularly as it engenders trust and respect from the team.
“Being candid resonates with people because they know whatever it is, they can trust that you will be transparent and direct.”
Jinich appreciates the authentic leadership style of her own manager, Kara McShane, head of Commercial Real Estate, and hopes to emulate that with her team.
“I believe people will respond positively to you if they see that you genuinely care about them, are invested in their success, and the team’s success.”
Finding Support in the Wells Fargo Culture
Jinich attributes Wells Fargo’s culture as a big contributor to her ability to lead authentically, including feeling comfortable sharing when she does not have all the answers. She finds the thread of being humble and willing to ask clarifying questions woven throughout the organization’s leadership.
“What I truly appreciate about our culture is that even our most senior leaders can participate in calls and ask fundamental questions about the deal, the client, or the underwriting process without hesitation.”
She continues, “When I look at people who I respect and admire and see their ability to admit they don’t have the answers, and to learn and draw on the experience of others – that is the secret sauce.”
Jinich also highlights the emphasis on a team mentality as a particularly supportive aspect of the Wells Fargo culture.
“People understand that you win together. When someone new joins, people invest the time in educating and helping them because in the end we are all just trying to get the best outcomes for our clients while supporting the team.”
As a leader, Jinich hopes to continue facilitating an atmosphere of collaboration, as she feels it is a unique and important element of Wells Fargo’s culture.
Creating a Team Culture that Elevates
Jinich is thoughtful about the culture she wants to create for her team, and how she aims to model that in her leadership style. As a leader in a business that traditionally has fewer women in leadership roles, she is dedicated to supporting diverse talent.
“I’ve had a lot of support throughout my career to continue to advance and I want to make sure that everyone in my organization feels like they have a shot to get the big job, to win the big deal, and to be successful. Representation matters and Wells has incredible women in leadership positions and in the talent pipeline”
She continues, “I want to make sure that there are many women behind me who have that same opportunity and that we’re creating career paths.”
For Jinich, elevating others involves providing the constructive feedback they need to improve and advance emphasizing, “it’s making sure that same level of feedback is available to all of our employees.” She aims to foster a culture that encourages ongoing dialogue by addressing actionable feedback promptly rather than waiting for mid-year reviews.
“Although it can at times be uncomfortable, people are receptive and crave that input. I want that feedback, too. I don’t expect it to be a one-way communication. I want to create a culture where people feel comfortable speaking up.”
Setting Boundaries for Success
Navigating a fulfilling career and motherhood, Jinich understands that balancing time and energy between one’s personal and professional life is challenging. She acknowledges, “sometimes it’s going well and you feel like you’re nailing it on every level and then there are days where you feel like you’re failing at everything.” She continues, “I’ve had to learn to say no to things that aren’t important in my personal and professional life, so I can say yes to what truly matters.”
As a leader, she aims to create a culture that emphasizes setting boundaries, encouraging her team to take the time they need or ask for resources to avoid burnout. She wants to be sure that balance is available, promoted, and supported for everybody.
Jinich finds balance outside of work by embracing the outdoors, whether she’s cycling with her kids or volunteering on the board of a nonprofit summer camp. She believes that being in nature and staying active are essential for self-care, enabling her to better support others.
“Whether it’s your son’s baseball game or a Pilates class, wherever you are in life, and whatever you have going on at home, setting boundaries is important. It’s the key to a sustainable career.”
By Jessica Robaire
