Private Equity Associate

PNC Financial Services Group, Inc.•Cleveland, OH

30d•$85,000 - $125,000

About The Position

PNC Mezzanine (www.pncmezzanine.com), a private equity affiliate of PNC Financial Services Group, is seeking an Associate to join our team. Since our inception in 1989, we have actively invested over $2B of debt and equity capital in over 100 middle-market platform companies across a wide range of industries. Our current portfolio of nearly 30 companies, includes minority and majority position in industry leading middle-market businesses across North America. The Associate will be based in Pittsburgh, PA and will work closely with the firm's other investment professionals. Performs analytical and operational activities related to proposed deals and existing investments under the direction of senior staff professionals. Participates in the identification, origination, analysis, closing and monitoring of investment transactions. Participates in the marketing effort directed toward sources of investments in support of senior staff as needed. May develop sources and perform sales calls. Performs in-depth analyses of prospective new investments including historical/projected financial results, industry research and risk factors. Determines acceptability of potential investments in conjunction with team. Evaluates various opportunities for portfolio companies including evaluation of potential acquisitions, analysis of various comparable companies in contemplation of public offering and determination of fair market value of companies contemplating recapitalization and other exit scenario analysis as required. Evaluates various existing opportunities for portfolio companies. Participates in the review of legal documentation prior to and following the transaction closing in conjunction with senior staff. Monitors compliance issues after closing. Works with internal finance staff to track portfolio performance, valuation and reporting. PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be: Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions. Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Requirements

Skill in analyzing investment opportunities including a thorough evaluation of all aspects of a company's business plan.
Ability to communicate analytical findings in a clear and concise written manner, as well as oral presentations and informal discussions.
Ability to interact effectively with senior managers of financial sponsors and target companies.
Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.
Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. 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

Undergraduate degree in Finance, Business, Economics or Accounting
Minimum of two to three years of relevant work experience; (ideally investment banking, private equity, or other M&A experience)
Proficiency in financial analysis and modeling
Asset Allocation
Capital Management
Corporate Accounting
Credit Risk Analysis
General Ledger Administration
Investments
Revenue Recognition
Business Acumen
Cross-Team Integration
Decision Making and Critical Thinking
Effective Communications
Financial Forecasting and Modeling
Financial Statement Analysis
Investments
Managing Multiple Priorities
Quantitative Techniques

Responsibilities

Support senior investment professionals in all aspects of actively managing and monitoring a private equity investment portfolio
Assist in the development, execution, and monitoring of company-level value-creation initiatives
Attend and/or participate in monthly and/or quarterly portfolio Board meetings, including interacting directly with management teams and other private equity deal partners
Perform due diligence procedures, including industry and company research across various industry sectors and geographies to support investment decisions
Assist with the preparation of internal and external investment materials and analysis.
Prepare in-depth financial models and analyses, including historical and projected financial results, evaluation of assumptions and risk factors.
Participates in the identification, origination, analysis, closing and monitoring of investment transactions.
Participates in the marketing effort directed toward sources of investments in support of senior staff as needed. May develop sources and perform sales calls.
Performs in-depth analyses of prospective new investments including historical/projected financial results, industry research and risk factors. Determines acceptability of potential investments in conjunction with team.
Evaluates various opportunities for portfolio companies including evaluation of potential acquisitions, analysis of various comparable companies in contemplation of public offering and determination of fair market value of companies contemplating recapitalization and other exit scenario analysis as required.
Evaluates various existing opportunities for portfolio companies. Participates in the review of legal documentation prior to and following the transaction closing in conjunction with senior staff. Monitors compliance issues after closing. Works with internal finance staff to track portfolio performance, valuation and reporting.

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; 8 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.

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