Balance Sheet Specialist - Pittsburgh, PA
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 a Balance Sheet Specialist within PNC's Finance organization, you will be based in either Pittsburgh, PA or Delaware, supporting key balance sheet management and financial operations activities. PNC is seeking a detail-oriented and analytically driven Balance Sheet Specialist to join the ALM Valuations team. This role plays a critical part in supporting the valuation, financial reporting, risk analysis, and governance of Commercial Mortgage Servicing Rights (CMSR), a significant balance sheet asset tied to the servicing of commercial real estate loans. The successful candidate will leverage strong financial modeling, accounting, and data analytics skills to evaluate the performance and fair value of CMSR assets, support regulatory and management reporting, and identify emerging trends and risks within the commercial real estate portfolio. Responsibilities include performing valuation analyses, preparing journal entries and balance sheet reporting, monitoring portfolio performance, conducting P&L attribution analysis, and supporting key business decisions related to servicing rights acquisitions and bidding activities. This position offers the opportunity to work closely with business partners, valuation experts, technology teams, external vendors, and senior stakeholders to enhance valuation methodologies, automate reporting processes, and strengthen model governance practices. The role also contributes to model monitoring, back-testing, documentation, and interactions with risk management, audit, and regulatory partners. Candidates will have the opportunity to expand their expertise across additional ALM Valuations functions, including Residential Mortgage Servicing Rights (RMSR) Valuations and Price Testing. The ideal candidate will possess a strong foundation in finance, accounting, valuation, and financial reporting, with experience in financial modeling and data analysis. Familiarity with tools such as Hyperion, Essbase, Oracle, Python, or VBA is a plus. This role is well-suited for professionals seeking exposure to complex balance sheet management, valuation analytics, and strategic decision-making within a large financial institution. Successful candidates will have a bachelor's degree in Finance, Accounting, Economics, or a related field, along with experience in financial reporting, financial modeling, and data analysis. Familiarity with Hyperion, Essbase, Oracle, Python, or VBA is beneficial but not required. This role may be located in Pittsburgh, PA, or Delaware and requires employees to work on-site five days per week. 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
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Experience in financial reporting.
- Experience in financial modeling.
- Experience in data analysis.
- 3+ years of relevant / direct industry experience.
- Knowledge, skills, and abilities for the role.
Nice To Haves
- Familiarity with Hyperion, Essbase, Oracle, Python, or VBA is beneficial but not required.
- Familiarity with Hyperion, Essbase, Oracle, Python, or VBA is a plus.
Responsibilities
- Executes business strategy and coordinates responses and remediation activities.
- Performs financial analysis, conducts research and prepares and delivers presentations.
- Participates in stress testing efforts.
- Researches and collects information for PNC's Balance Sheet.
- Analyzes, reviews and presents risk analytics including documentation and templates to senior team members.
- Influences lines of business in understanding specific line items of PNCs balance sheet and income statements.
- Works with various review teams including model risk management, internal and external audit, and regulators.
- Coordinates responses and remediation activities.
- Manages processes.
- Performing valuation analyses.
- Preparing journal entries and balance sheet reporting.
- Monitoring portfolio performance.
- Conducting P&L attribution analysis.
- Supporting key business decisions related to servicing rights acquisitions and bidding activities.
- Enhancing valuation methodologies.
- Automating reporting processes.
- Strengthening model governance practices.
- Model monitoring, back-testing, documentation.
- Interactions with risk management, audit, and regulatory partners.
- Expanding expertise across additional ALM Valuations functions, including Residential Mortgage Servicing Rights (RMSR) Valuations and Price Testing.
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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
