Special Assets Associate I - Trust Real Estate

PNC Bank • Cleveland, OH

1d • Onsite

About The Position

The Special Assets Associate I works within PNC's Asset Management Group Trust Real Estate organization in Cleveland, Ohio. The role manages and analyzes fiduciary, investment, and operational processes related to special asset valuations, setup, and movement, and serves as a resource for fiduciary analysts with special-asset questions. It analyzes complex documentation to support proper documentation, valuation, and treatment of special assets in accordance with regulatory and compliance requirements. The associate advises internal and external customers and service providers, reviews and improves processes, maintains standard operating procedures, and supports projects as a subject matter resource. The position also reviews reports, monitors quality and compliance, participates in risk mitigation, and executes complex transactions while ensuring accuracy and adherence to procedures and service levels. PNC describes this as an in-office role and does not provide employment visa sponsorship or participate in STEM OPT for this position.

Requirements

• Typically requires a university or college degree and 2 or more years of relevant professional experience.
• In lieu of a degree, a comparable combination of education, job-specific certifications, and experience, including military service, may be considered.
• Bachelor's degree listed as the education requirement.
• Preferred skills include strong Excel and OneNote experience, adaptability and flexibility, a solutions-focused approach, excellent communication, and knowledge of real estate.
• Required certifications: none.
• Required licenses: none.

Nice To Haves

• Strong Excel and OneNote experience.
• Solutions-focused, adaptable, and flexible approach.
• Excellent communication skills.
• Knowledge of real estate.
• Capital management.
• Commercial real estate lending.
• Decision making.
• Economic policy.
• General ledger (GL).
• Investment management.
• Operations processes.
• Retail banking.
• Accuracy and attention to detail.
• Customer experience management.
• Decision making and critical thinking.
• Effective communications.
• Financial statement analysis.
• Managing multiple priorities.
• Operational functions.
• Operational risk.
• Problem solving.

Responsibilities

• Manage and analyze fiduciary, investment, and operational processes surrounding special asset valuations, setup, and movement.
• Analyze complex documentation, including subscription agreements, operating agreements, management letters, annual reports, and financial statements, to ensure proper documentation, valuation, and treatment of special assets.
• Provide consultation, direction, and advice to internal and external customers and service providers related to special assets.
• Review existing processes and drive improvements and implementation.
• Update standard operating procedures and ensure non-standard processing is in accordance with AMG's risk appetite.
• Participate in projects and serve as a subject matter resource.
• Review reports to identify exceptions, monitor quality, and ensure compliance.
• Participate in risk mitigation activities and ensure activities comply with regulatory requirements and policies and procedures.
• Execute complex transactions and processes, address unique situations when needed, and verify completeness, accuracy, and conformance to service levels and procedures.
• Focus on customer needs and satisfaction when making business decisions and creating customer solutions.
• Assess and manage risks associated with business objectives and activities in support of PNC's Enterprise Risk Management Framework.

Benefits

• Medical and prescription drug coverage, including a Health Savings Account feature, subject to eligibility.
• 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 and elder care.
• Adoption, surrogacy, and doula reimbursement.
• Educational assistance, including select fully paid programs.
• Wellness program with financial incentives.
• Maternity and/or parental leave, subject to eligibility.
• Up to 11 paid holidays each year, subject to eligibility.
• 9 occasional absence days each year, unless otherwise required by law.
• Between 15 and 25 vacation days each year, depending on career level and years of service.
• Incentive-eligible compensation, with payment based on company, business, and/or individual performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level