Lending Transaction Associate - Commercial

PNC • Pittsburgh, PA

1d • $37,000 - $80,400 • 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 Lending Transaction Associate within PNC's Commercial Lending Operations organization, you will be based in Denver, CO; Pittsburgh, PA; or East Brunswick, NJ. Core hours for this role are Monday – Friday, 8:00 am EST – 5:00 pm EST. The Lending Transaction Associate will support syndicated loan activities across the full deal lifecycle, with an initial focus on learning Business Credit UK (BCUK) and Syndication Support functions prior to assuming trade closing responsibilities, with the goal of cross‑training for broader coverage. Responsibilities include booking and servicing UK syndicated loan deals in ACBS, performing reporting and servicing, and supporting ongoing trade maintenance. The role will also provide syndication support through processing and maintaining deal documentation in SyndTrak, coordinating investor access, updating life‑of‑loan activity, managing investor data, and supporting CUSIP generation, acting as a key liaison between deal closers and operational systems. Following successful onboarding in these areas, the associate will be trained in trade closing, including reviewing and processing trade documentation, handling trade settlement activities, conducting KYC and tax validation, reviewing loan agreements to confirm transferability, and executing finalized trades in ACBS, as well as assisting with additional support for Debt Capital Markets (DCM). Highly Preferred qualifications include knowledge of syndicated loans and familiarity with ACBS systems. We seek motivated, driven and creative individuals that enjoy working as part of a team in a high energy environment which thrives on innovation and ingenuity. You will work together to create new solutions which will provide our clients with an exceptional customer experience. Valued opinions, supported by collaborative teams, impact the success of the Commercial Lending Operations organization. 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.
• Accuracy and Attention to Detail
• Collaborating
• Data Gathering and Reporting
• Decision Making and Critical Thinking
• Effective Communications
• Managing Multiple Priorities
• Operational Functions
• Products and Services
• Regulatory Environment - Financial Services
• Roles at this level typically require a university / college degree with < 1 year of professional experience and/or successful completion of a formal development program.
• 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

• knowledge of syndicated loans
• familiarity with ACBS systems
• We seek motivated, driven and creative individuals that enjoy working as part of a team in a high energy environment which thrives on innovation and ingenuity.

Responsibilities

• Performs functions in the documentation, funding, and due diligence requirements of standard or complex transactions being financed by PNC, or bought from/sold to other institutions.
• May provide client-facing service directly or with senior coordinators and interact with external business partners.
• May provide on-the-job training or coaching.
• Determines, reviews and issues required legal documents for transactions while ensuring all terms are met.
• Prepares and issues legal documents to client for complex transactions.
• Interacts with internal and external contacts to gather necessary information and coordinate closing.
• Directs work flow as needed to ensure client expectations are met.
• Builds relationships with legal counsel, vendors and internal partners.
• Gathers, reviews and analyzes all information from internal and external parties specific to transactions, some of which are complex.
• Resolves inquiries/issues as necessary.
• Complies with necessary regulations, internal procedures, and may assist in response to audit exceptions.
• Validates that transaction structures match pricing models.
• Assures potential for perfection of security interest for transactions and/or requests approval for exceptions.

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.

What This Job Offers

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