Senior Special Assets Insurance Analyst

PNC•Pittsburgh, PA

2d•$52,500 - $87,500•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 Senior Special Assets Insurance Analyst within PNC's Asset Management Group Trust Real Estate organization, you will be based in Pittsburgh, PA or Cleveland, OH. As a Senior Special Assets Insurance Analyst, you will be working with internal team and external service providers to manage and support the insurance function for Trust Real Estate. This includes: • Utilizing our insurance database, TIMS (Trust Insurance Management System), to monitor and maintain all internal Master Trust Policies as well as all externally placed policies on our various asset types. This includes new asset setups, updating policy information and adding property details and takedowns. • Monitoring, tracking, and paying external policy premiums as applicable. Work with various insurance agencies to receive insurance updates and ensure PNC is listed on each applicable policy • Maintaining and monitoring all flood zone determinations using a service provider • Filing and tracking all insurance claims and payouts on behalf of Trust Real Estate Advisors • Analyzing complex documentation including insurance certificates and/or policies to ensure proper documentation and replacement cost valuation • Assisting on trust master policy renewal – participate in renewal discussions, work with service providers to review, process and upload renewal file • Assisting on flood insurance applications • Assisting in annual replacement cost evaluations • Reviewing multiple insurance reports to identify exceptions, monitor quality, and ensure compliance 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. Job Description Provides management and analysis of fiduciary, investment and operational processes surrounding special asset valuations and asset set up and movement. When a fiduciary analyst has an issue or question pertaining to a special asset they will reach out to this group. Analyzes complex documentation including subscription agreements, operating agreements, management letters, annual reports, and financial statements to ensure proper documentation, valuation, and treatment of special assets to conform with regulatory and compliance requirements. Provides consultation, direction and advice to internal and external customers & service providers related to special assets. Reviews existing processes and drives improvements/implementation. Updates standard operating procedures and ensures non-standard processing is in accordance with AMG's risk appetite. Participates in and serves as subject matter resource for projects. Reviews reports to identify exceptions, monitor quality, and ensure compliance. Participates in risk mitigation activities and ensures all activities comply with regulatory and policy and procedure requirements. Executes complex transactions/processes utilizing standard proceduresand at times addresses unique situations and verifies work processes to ensure completeness, accuracy, and conformance to established service levels and applicable procedures. 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

Roles at this level typically require a university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Bachelors
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.

Nice To Haves

Real estate and/or insurance experience
Fiduciary experience would be beneficial
Insurance licensure experience is helpful; an active license is not required for this role
Strong knowledge of Excel
Capital Management
Commercial Real Estate Lending
Decision Making
Economic Policy
General Ledger (GL)
Investment Management
Operations Processes
Retail Banking
Effective Communications
Effectiveness Measurement
Financial Statement Analysis
Managing Multiple Priorities
Operational Functions
Operational Risk
Planning: Tactical, Strategic
Problem Management Process
Process Management
Products and Services

Responsibilities

Utilizing our insurance database, TIMS (Trust Insurance Management System), to monitor and maintain all internal Master Trust Policies as well as all externally placed policies on our various asset types. This includes new asset setups, updating policy information and adding property details and takedowns.
Monitoring, tracking, and paying external policy premiums as applicable. Work with various insurance agencies to receive insurance updates and ensure PNC is listed on each applicable policy
Maintaining and monitoring all flood zone determinations using a service provider
Filing and tracking all insurance claims and payouts on behalf of Trust Real Estate Advisors
Analyzing complex documentation including insurance certificates and/or policies to ensure proper documentation and replacement cost valuation
Assisting on trust master policy renewal – participate in renewal discussions, work with service providers to review, process and upload renewal file
Assisting on flood insurance applications
Assisting in annual replacement cost evaluations
Reviewing multiple insurance reports to identify exceptions, monitor quality, and ensure compliance
Provides management and analysis of fiduciary, investment and operational processes surrounding special asset valuations and asset set up and movement.
Analyzes complex documentation including subscription agreements, operating agreements, management letters, annual reports, and financial statements to ensure proper documentation, valuation, and treatment of special assets to conform with regulatory and compliance requirements.
Provides consultation, direction and advice to internal and external customers & service providers related to special assets. Reviews existing processes and drives improvements/implementation. Updates standard operating procedures and ensures non-standard processing is in accordance with AMG's risk appetite. Participates in and serves as subject matter resource for projects.
Reviews reports to identify exceptions, monitor quality, and ensure compliance. Participates in risk mitigation activities and ensures all activities comply with regulatory and policy and procedure requirements.
Executes complex transactions/processes utilizing standard procedures and at times addresses unique situations and verifies work processes to ensure completeness, accuracy, and conformance to established service levels and applicable procedures.

Benefits

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
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.