Underwriter III - Commercial

PNC•St. Louis, MO

4d•Onsite

About The Position

At PNC, employees work together to deliver a strong customer experience and foster an inclusive workplace. This Underwriter III - Commercial role is part of PNC’s Regional Credit Product Group and is based in either Troy, Michigan, or Clayton, Missouri. PNC describes the position as in-office and encourages candidates to discuss workplace expectations with their recruiter and hiring manager. PNC will not sponsor employment visas or participate in STEM OPT for this position. The role works independently with little or no oversight, exercises exception and elevated approval authority, and prepares loan offerings for transactions of any level of complexity or manages an assigned portfolio. The underwriter analyzes credit, collateral strength, and the financial worthiness of transaction parties, identifying risks and mitigants and preparing offerings or scorecards such as risk ratings. Responsibilities may include ongoing credit risk management, serving as a subject matter expert for certain asset classes, representing or leading the department on special projects, coaching or reviewing other underwriters, and filling in for a manager as required. The role gathers and clarifies information from customers and other parties, performs pre- and post-approval activities, ensures regulatory requirements and internal procedures are followed, and recommends or makes credit decisions as appropriate. The position typically requires a university or college degree and at least three years of relevant or direct industry experience. A comparable combination of education and experience, including military service, may be considered in lieu of a degree. Certifications are often desired, but none are required for this position.

Requirements

Typically requires a university or college degree; the Education section lists a bachelor’s degree.
Typically requires at least 3 years of relevant or direct industry experience.
A comparable combination of education, job-specific certifications, and experience, including military service, may be considered in lieu of a degree.
Demonstrate appropriate knowledge, skills, and abilities, including accuracy and attention to detail, coaching others, credit analysis and verification, decision-making and critical thinking, effective communication, financial analysis, underwriting knowledge, managing multiple priorities, office support tools, and operational functions.
No required certifications or licenses.
Must meet applicable Section 19 of the Federal Deposit Insurance Act requirements and, for any registered role, applicable SAFE Act and/or FINRA requirements.

Nice To Haves

Certifications are often desired.
Preferred skills include credit decisions, decision making, financial analysis, identifying risks, process improvements, results orientation, and risk assessments.

Responsibilities

Prepare loan offerings for transactions of any level of complexity or manage an assigned portfolio.
Analyze credit, collateral strength, and the financial worthiness of loan or transaction parties; identify risks and mitigants and prepare offerings or scorecards such as risk ratings.
Perform ongoing credit risk management for an assigned portfolio when relevant.
Serve as a subject matter expert for certain asset classes and represent or lead the department on special projects or assignments.
Contact internal and external customers and other parties to gather information and clarify inconsistent, incorrect, or missing information.
Perform relevant pre-approval and post-approval activities.
Identify or confirm external regulatory requirements and ensure internal policies and procedures are followed.
Recommend credit decisions or make credit decisions directly, as appropriate.
Coach and/or review the work of other underwriters and fill in for a manager as required.
Manage business risks in accordance with PNC’s Enterprise Risk Management Framework and focus on customer needs when making business decisions.

Benefits

Medical and prescription drug coverage, including a Health Savings Account feature, depending on 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, depending on eligibility.
Up to 11 paid holidays each year, depending on eligibility.
9 occasional absence days each year, unless otherwise required by law, depending on eligibility.
Between 15 and 25 vacation days each year, depending on career level and eligibility.