Commercial Underwriter III (Healthcare)
About The Position
At PNC, employees work together to deliver a strong customer experience and foster an inclusive workplace. The Commercial Underwriter III works within PNC's Central Credit Products Group and may be based remotely in select geographic locations, subject to approval. Approved remote employees must work from a quiet, secure, and confidential home workspace; occasional in-office participation may be required based on business needs. PNC will not sponsor employment visas or participate in STEM OPT for this position. The role works independently with little or no oversight, exercises exception and elevated approval authority, and prepares loan offerings for transactions of any type or complexity, or manages an assigned portfolio. It analyzes credit, collateral strength, and the financial worthiness of transaction parties to identify risks and mitigants, and prepares offerings and scorecards such as risk ratings. The position may perform ongoing credit risk management, serve as a subject matter expert for certain asset classes, represent or lead the department on special projects, coach or review other underwriters, and fill in for a manager as needed. It also gathers and clarifies information with internal and external parties, performs pre- and post-approval activities, confirms applicable regulatory requirements, ensures compliance with internal policies and procedures, and recommends or makes credit decisions as appropriate. Experience in credit or portfolio management in specialty lending segments such as nonprofit organizations, nonprofit healthcare organizations, and municipal governments is preferred. Roles at this level typically require a university or college degree and at least three years of relevant or direct industry experience. Certifications are often desired, though none are required for this position. A comparable combination of education and experience, including military service, may be considered in lieu of a degree.
Requirements
- Typically, a university or college degree and at least 3 years of relevant or direct industry experience.
- A comparable combination of education, job-specific certifications, and experience, including military service, may be considered in lieu of a degree.
- Knowledge, skills, and abilities appropriate to the role, including credit analysis and verification, financial analysis, underwriting, risk assessment, decision making, attention to detail, communication, and managing multiple priorities.
Nice To Haves
- Credit or portfolio management experience in specialty lending segments such as nonprofit organizations, nonprofit healthcare organizations, or municipal governments.
- Certifications are often desired, although none are required for this position.
Responsibilities
- Prepare loan offerings for transactions of any type or complexity, or manage an assigned portfolio.
- Analyze credit, collateral strength, and the financial worthiness of transaction parties to identify risks and mitigants.
- Prepare offerings and/or scorecards, including risk ratings, using independent judgment.
- Perform ongoing credit risk management for an assigned portfolio when relevant.
- Interact with internal and external customers and other parties to gather information and clarify inconsistent, incorrect, or missing information.
- Perform relevant pre-approval and post-approval activities.
- Identify and/or confirm external regulatory requirements and ensure internal policies and procedures are followed.
- Recommend credit decisions or make credit decisions directly, as appropriate.
- Serve as a subject matter expert for certain asset classes and represent or lead the department on special projects or assignments.
- Coach and/or review the work of other underwriters and fill in for a manager as required.
Benefits
- Medical and 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 plan
- Stock purchase plan
- Dependent care reimbursement account
- Back-up child and elder care
- Adoption, surrogacy, and doula reimbursement
- Educational assistance, including select programs fully paid
- 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
- 15 to 25 vacation days each year, depending on career level and years of service
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What This Job Offers
Job Type
Full-time
Career Level
Senior
