Associate Asset Manager - LIHTC

PNC Bank•Louisville, KY

12d•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 Associate Asset Manager within PNC's Multi Family Capital organization, you will be based in a PNC location. The Associate Asset Manager supports the oversight of a portfolio of Low-Income Housing Tax Credit (LIHTC) investments on behalf of the equity partner, with a primary focus on assets in the final three years of the compliance period. This role assists Senior Asset Managers in protecting and optimizing equity value by evaluating both equity performance and credit risk across the portfolio. Responsibilities include reviewing property operations, financial performance, and compliance status, as well as conducting site inspections and supporting travel-based asset reviews. The Associate plays a key role in analyzing investment health, preparing internal assessments, and partnering closely with senior team members, while not being responsible for formal watchlist monitoring or reporting. This position requires strong analytical skills, attention to detail, and the ability to support asset management activities across the lifecycle of LIHTC investments. 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

Roles at this level typically require a university / college degree with < 1 year of professional experience and/or successful completion of a formal development program.
In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Bachelors
No Required Certification(s)
No Required License(s)
This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

Nice To Haves

Asset Management
Decision Making
Financial Accounting
Financial Management
General Ledger (GL)
Investment Management
Revenue Recognition
Accuracy and Attention to Detail
Data Gathering and Reporting
Decision Making and Critical Thinking
Effective Communications
Financial Statement Analysis
Flexibility and Adaptability
Investment Reporting
Market Risk
Regulatory Environment - Financial Services

Responsibilities

Oversees limited portfolios and/or routine Borrower requests and inquiries for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate
May possess a working knowledge of commercial real estate, industry terminology and real estate capital markets.
Responsible for monitoring and reporting on watch list assets
Reviews financial statements, loan covenants, market, and economic data to determine the economic and/or compliance impact.
Assess property inspections for watch lists determinations and further escalation to internal partners.
Reviews and responds to external party inquiries related to the assigned portfolios while adhering to established compliance procedures.
May interact with external parties which include internal and external legal counsel, rating agencies, special servicers, and investors.
Collaborates effectively with internal business partners to aid with cross-departmental decision making.
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.

Benefits

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
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.