Commercial Underwriting Associate - Statement Spreading

PNC•Home Location-PA (PAH01), MI

1d•$37,500 - $68,750•Remote

About The Position

The Commercial Underwriting Associate works within PNC’s Statement Spreading organization and supports the underwriting function under direct supervision. The role involves basic due diligence, document processing, and financial and statistical analysis. The associate may help prepare business cases for credit approval but does not have credit approval authority. The position handles requests for financial statement spreading for commercial loan renewals and new requests through a workflow tool. It reviews financial statements for accuracy, returns statements to underwriters for correction when inconsistencies or inaccuracies are found, and enters data into internal spreading software. The role is remote from an approved geographic location, subject to PNC approval, and requires a quiet, secure, confidential home workspace if remote work is approved. Occasional in-office participation may be required based on business needs. Work hours are Monday through Friday, 8:00 a.m. to 5:00 p.m. in the employee’s time zone. PNC is seeking candidates with an associate degree or equivalent and typically three or more years of related experience or product knowledge. A bachelor’s degree in Finance, Accounting, or Economics and experience with commercial or business financial statements are identified as desirable. The role also calls for motivated, collaborative candidates who work effectively in a high-energy environment. The position does not provide employment visa sponsorship or participate in STEM OPT.

Requirements

Typically requires an associate degree or equivalent and related experience or product knowledge.
Typically requires 3 or more years of experience; a comparable combination of education, job-specific certifications, and experience may be considered in lieu of a degree.
Demonstrate appropriate knowledge, skills, and abilities for the role.
Demonstrate customer focus and the ability to prioritize customer needs and satisfaction in business decisions.
Assess and manage risks associated with business objectives and activities in alignment with PNC’s Enterprise Risk Management Framework.
No required certifications or licenses.
No employment visa sponsorship or STEM OPT participation is available for this position.

Nice To Haves

Bachelor’s degree in Finance, Accounting, or Economics.
Prior experience working with commercial or business financial statements.
Skills in consolidated financial statements, credit decisions, decision making, financial analysis, financial statement analysis, identifying risks, process improvements, and risk assessments.
Accuracy and attention to detail; credit analysis and verification; critical thinking; effective communication; information capture; underwriting knowledge; managing multiple priorities; office support tools; and operational functions.
Motivation, drive, creativity, and ability to work collaboratively in a high-energy environment.

Responsibilities

Complete basic due diligence, document processing, and financial/statistical analysis in support of underwriting.
Review relevant forms, provide analysis, and order reports as part of basic due diligence.
Help prepare business cases for credit approval without exercising credit approval authority.
Check the accuracy and completeness of relevant information and documents in the underwriting process.
Perform basic financial analysis, including cash flow and collateral analysis.
Research and respond to internal and external customer questions and inquiries.
Receive requests to spread financial statements for commercial loan renewals or new requests through the workflow tool.
Review financial statements for accuracy and return them to underwriters for correction when inconsistencies or inaccuracies are found.
Enter data into internal spreading software to support consistency for underwriter approval.

Benefits

Medical and prescription drug coverage, including 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 and elder care.
Adoption, surrogacy, and doula reimbursement.
Educational assistance, including select fully paid programs.
Wellness program with financial incentives.
Maternity and/or parental leave, depending on eligibility.
Up to 11 paid holidays each year, depending on eligibility.
Nine occasional absence days each year, unless otherwise required by law.
Between 15 and 25 vacation days each year, depending on career level and years of service.
Incentive-eligible compensation based on company, business, and/or individual performance.