Fund Manager

PNC • Portland, OR

1d • $65,000 - $172,250 • Remote

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 Fund Manager within PNC's Multi-Family Capital organization, you will preferably be based in Portland, OR. The Fund Manager will oversee the financial management and performance of multifamily and commercial real estate investment funds. This role is responsible for fund-level accounting, financial modeling, and cash flow execution to ensure accurate reporting, timely funding installments, and delivery of target returns to investors. Key responsibilities include managing fund financial models, coordinating and reviewing tax returns, administering capital calls and distributions, and monitoring fund performance against projected yields. The Fund Manager ensures that investor commitments, distributions, and return expectations are met in alignment with offering documents and investment strategy. The ideal candidate brings a strong accounting and financial modeling foundation, with experience in complex fund structures and real estate investments. Backgrounds from CPA firms or similar environments are strong fits, particularly candidates experienced in fund accounting, investor reporting, and financial analysis within real assets or private equity. This position may be eligible for remote work in select geographic locations, subject to approval by PNC. If approved, work must be conducted from a quiet, secure, and confidential home-based workspace. Occasional in-office participation may be required based on business needs. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Requirements

• Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
• Roles at this level typically require a university / college degree, with 5+ years of industry-relevant experience.
• Specific certifications are often required.
• In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
• Bachelors

Nice To Haves

• Capital Management
• Change Management
• Credit Assessment
• Equity Research
• Financial Analysis
• Investments
• Management Reporting
• Results-Oriented

Responsibilities

• Creates and manages performance of complex multi-investor and proprietary fund offerings from initial closing through term of the investment.
• Evaluates and reports upon data consistent to fund performance.
• Manages all aspects of fund closings and fund modifications that would affect fund metrics.
• Analyzes and reporting fund-level metrics, elevating issues that might affect the fund to the manager of fund management, recommends alternative structures as appropriate.
• Provides fund summary information and responds to investor questions.
• Performs internal and external reporting on fund performance, ad hoc and specific analytic tasks as requested.
• Develops and maintains the upper tier model to ensure assumptions are consistent with internal and investor requirements.
• Assists with pricing analysis.
• Evaluates requested transaction-level modifications and exceptions to guidelines for matters affecting the funds, including but not limited to early release of equity, changes to transactional cash flow, dispositions, etc.
• Manages the process of investment fund capital and revenue through investment calls for investors and, as appropriate, calls on lines of credit as a means to manage capital.

Benefits

• PNC offers a comprehensive range of benefits to help meet your needs now and in the future.
• Depending on your eligibility, options for full-time employees include: 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.
• In addition, PNC generally provides the following paid time off, depending on your eligibility: 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.
• To learn more about these and other programs, including benefits for full time and part-time employees, visit pncthrive.com.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees