Asset Manager

PNC•Portland, OR

11d•$45,000 - $112,450•Onsite

About The Position

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As an Asset Manager within PNC's Commercial Real Estate organization, you will be based in Calabasas, CA, Columbus, OH, Dallas, TX or Portland, OR. Oversees portfolios and/or Borrower requests of routine to medium complexity for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate. Analyze various financial reports, including property operating statements, loan guarantor financials, loan level covenants, and market economic data. Review and interpret complex loan document and servicing agreement provisions. Evaluates credit risk and proposes risk mitigants using a working knowledge of commercial real estate, industry terminology and real estate capital markets while adhering to established procedures. Prepares and presents formal recommendations for approval in accordance with applicable delegations of authority. Engages in frequent verbal and written communication with external parties which may include borrowers and their representatives, internal and external legal counsel, rating agencies, special servicers, and investors. Collaborates effectively with internal business partners and leverages commercial real estate expertise to assist with cross-departmental decision making. PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be: Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions. Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework. PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Requirements

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
Roles at this level typically require a university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Nice To Haves

Asset Management
Decision Making
Financial Accounting
Financial Management
General Ledger (GL)
Investment Management
Revenue Recognition

Responsibilities

Be in-charge of Asset Management functions such as analyzing property inspection reports, preparing, and presenting Risk Ratings, Periodic Reviews & Borrower Consent requests for Multifamily loans that are mainly on PNC’s balance sheet.
Maintain and update procedures as needed to comply with internal controls.

Benefits

PNC offers a comprehensive range of benefits to help meet your needs now and in the future.
Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.
In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

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