Trust Real Estate Advisor III

PNC • Bridgewater, NJ

4d • $100,100 - $202,800 • 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 Trust Real Estate Advisor III within PNC's Asset Management Group organization, you will be based in Red Bank, NJ. Other locations in New Jersey that are listed will also be considered. 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 5+ years of industry-relevant experience.
• Specific certifications are often required.
• 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)
• 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

• Contracts Review
• Decision Making and Critical Thinking
• Effective Communications
• Fiduciary Responsibilities
• Lease and Property Management - Real Estate
• Real Estate Development
• Real Estate Law & Policy Compliance
• Real Estate Property Data Analysis
• Real Estate Sales Closings and Agreements

Responsibilities

• Acts as subject matter expert to oversee all assigned trust owned real estate assets which may include highly complex residential, rental, commercial, farmland and timber properties as well as oil, gas and mineral interests.
• Accountable for identifying, mitigating and escalating risk while acquiring, preserving and managing these properties.
• Complies with the banks policies and procedures for consistent management of real estate activities in alignment with the banks fiduciary policies and procedures, to include such activities as: real estate purchases, sales, leases, negotiations, general property management, safekeeping, disposition/productivity analysis, bill payments, tax and insurance enforcement and the hiring of contractors and agents.
• Collaborates as the subject matter expert with AMG Fiduciary Counsel and Market Fiduciary Advisors and Managers as necessary to ensure risks are appropriately analyzed, managed, escalated and resolved.
• Accountable for assessing risk and making recommendations to accept, retain or sell assets.
• Oversees annual reviews.
• Presents recommendations to Real Estate Trust Investment Committee and/or Special Assets Committee, according to committee guidelines.
• Preserves and manages assigned physical properties.
• Makes recommendations for property improvements based on need.
• Coordinates the hiring of professionals as needed for maintenance and upkeep of the property.
• Ensures all properties are adequately inspected, valued and insured; ensures all taxes, insurance premiums and property related expenses are timely paid and kept current.
• Guides all activities necessary to purchase or sell a property.
• Determines if capital improvements are necessary.
• Assesses risk of transaction.
• Presents recommendations to Real Estate Trust Investment Committee or and/or Special Assets Committee.
• Engages with internal partners and external service providers to ensure a smooth and accurate transfer of ownership.

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
• years of service

What This Job Offers

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