Private Equity Associate

PNC•Pittsburgh, PA

1d•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 a Private Equity Associate within PNC's Riverarch Capital organization, you will be based in Pittsburgh, PA. PNC Riverarch Capital, the private equity affiliate of PNC Financial Services Group, is focused on making control investments in privately held middle-market companies headquartered in North America. The firm seeks well-positioned companies where it can invest $10 million to $100 million of equity capital, primarily as a control investor in leveraged and management buyouts. The firm invests across a variety of industry sectors, including outsourced services, niche manufacturing, and value-added distribution. PNC’s private equity program was started in 1982 and has provided over $1.5 billion of equity capital to more than 100 companies. We are investing from a committed capital pool of $650 million, a substantial majority of which remains uninvested and available. 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.

Requirements

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.
In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Bachelors
No Required Certification(s)
No Required License(s)

Nice To Haves

Asset Allocation
Capital Management
Corporate Accounting
Credit Risk Analysis
General Ledger Administration
Investments
Revenue Recognition

Responsibilities

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.