Senior Special Assets Manager - Special Servicing - Midland

PNC • Kansas City, MO

1d

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 Manager within PNC's Midland organization, you will be based within the PNC Midland footprint You will be a member of Midland’s Real Estate Solutions (RES) group which includes multiple business lines including special servicing, performing loan consents, performing loan asset management, and due diligence. You will be responsible for a portfolio of distressed commercial real estate loans (primarily Commercial Mortgage Backed Securities loans) as well as potentially co-working larger and more sophisticated commercial real estate loans with a senior asset manager within Midland’s RES group. You will be part of a collaborative group with employee development at the forefront of all that we do. 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 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.

Responsibilities

• Manages routine special serviced loans and/or portfolios of customers of medium complexity and performs transaction analysis with the goal of minimizing losses and optimizing resolution.
• Gathers financial data, prepares analysis and develops workout strategy and alternatives for a portfolio.
• Reviews relevant documents and transaction deal structure.
• Negotiates workout options with customers to reduce risks and losses.
• Works with internal and external business partners and borrowers to better secure collateral coverage.
• Adheres to established policies, procedures and regulations.
• Evaluates asset or customer's cash flow, balance sheet, long-term business plans, and other relevant financial information.
• Performs site inspections for properties managed by special assets.
• Works with internal and external business partners, which may include outside counsel, on negotiations and documentation to mitigate risk.
• May serve as a mentor to peers.

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: Senior
• Number of Employees: 5,001-10,000 employees