Corporate & Institutional Banking Undergraduate Intern – Agency Finance

PNC•Calabasas, CA

1d•$18 - $35•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 intern within PNC's Agency Finance organization, you will be based in Calabasas, CA or Dallas, TX. 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. As a PNC Intern, you will participate in a "best-in-class" internship program. During this 10-week program, you will have the opportunity to gain exposure to a specific line of business, expand the tools you need to launch your career and complement your education with real-world job experience. PNC is one of the largest U.S. banks with $562 billion in assets and $421 billion in deposits. PNC has approximately 56,000 employees across the United States and abroad; approximately 2,300 branches; and approximately 60,000 PNC and Partner ATMs Coast to Coast. The Agency Finance track of our C&IB Summer Internship Program enables interns to explore various aspects of the Multifamily Finance industry through PNC’s Fannie Mae DUS, Freddie Mac Optigo, and FHA lending platforms. In addition to agency lending, we offer construction, bridge, and permanent financing through our balance sheet. This suite of products allows us to provide comprehensive financing solutions to our customers Nationwide. Interns will work directly with the Relationship Team and senior management to support daily operations related to underwriting (portfolio administration, periodic reviews, due diligence reviews, loan documentation and fulfillment) and sales functions (pre-call planning, client research, pre-screen, relationship reviews, and loan structuring). Upon completion, interns will recognize the importance each of these functions have on the deal-making process. The Summer Internship Program is a direct pipeline for talent to C&IB PNC Real Estate Development Program, providing interns with an unparalleled opportunity to learn the business while gaining visibility among the firm's senior leadership. Upon successful completion of the Summer Internship, interns may be offered an opportunity to join the C&IB Development Program after graduation. Geographic flexibility is important to your success in this program. Opportunities may occur in Calabasas, CA or Dallas, TX. Learn more about PNC’s Summer Internships by visiting www.pnc.jobs/students. Job Profile: Participates as an intern in the PNC summer internship program. Performs or assist the core activities of the group by applying knowledge learned to drive business results (e.g., deal, sales, process support, internal or external customer interaction, or supporting internal projects). Works under supervision and may have limited approval and/or exception authority. Participates in social learning within the organization (e.g., identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach).

Requirements

Working toward bachelor’s degree, preferred business relevant majors (e.g., Finance, Accounting, IT, Economics, Marketing, Math, Statistics, HR, Management, Communications, Business Law, Psychology, Logistics, Engineering, Computer Science, Actuarial Sciences), junior status.
Minimum GPA 3.2
Roles at this level are filled by recent university / college graduates with little or no professional experience, but possessing relevant skills.
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

Geographic flexibility is important to your success in this program.

Responsibilities

Support daily operations related to underwriting (portfolio administration, periodic reviews, due diligence reviews, loan documentation and fulfillment)
Support sales functions (pre-call planning, client research, pre-screen, relationship reviews, and loan structuring)
Apply knowledge learned to drive business results (e.g., deal, sales, process support, internal or external customer interaction, or supporting internal projects)
Participate in social learning within the organization (e.g., identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach)