Underwriter III - Commercial
About The Position
As an Underwriter III in PNC's Regional Credit Products Group, you will work independently with little or no oversight and exercise exception and elevated approval authority. You will prepare loan offerings for transactions of any type or complexity, or manage an assigned portfolio. The role includes analyzing credit, collateral strength, and the financial worthiness of transaction parties to identify risks and mitigants and prepare offerings or scorecards such as risk ratings. You will interact with internal and external customers, serve as a subject matter expert for certain asset classes, and may represent or lead the department on special projects. The role may also include coaching or reviewing other underwriters' work and filling in for a manager as required. You will 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. You may make recommendations on credit decisions or make those decisions directly, as appropriate. The position is based in Pittsburgh, Pennsylvania. PNC describes itself as an in-office company 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.
Requirements
- Typically requires a university or college degree and 3 or more years of relevant, direct industry experience.
- In lieu of a degree, a comparable combination of education, job-specific certifications, and experience, including military service, may be considered.
- Demonstrate appropriate knowledge, skills, and abilities for the role.
- Customer-focused approach: understand values and practices that prioritize customer needs and satisfaction and use that information to create customized customer solutions.
- Ability to assess and effectively manage risks associated with business objectives and activities in accordance with PNC's Enterprise Risk Management Framework.
Nice To Haves
- Certifications are often desired.
- Preferred skills: credit decisions, decision making, financial analysis, identifying risks, process improvements, results orientation, and risk assessments.
- Competencies: accuracy and attention to detail, coaching others, credit analysis and verification, decision making and critical thinking, effective communications, financial analysis, knowledge of underwriting, managing multiple priorities, office support tools, and operational functions.
Responsibilities
- Prepare loan offerings for transactions of any type or complexity, or manage an assigned portfolio.
- Analyze credit, collateral strength, and the financial worthiness of loan or transaction parties to identify risks and mitigants and prepare offerings or scorecards, such as risk ratings.
- Perform ongoing credit risk management for an assigned portfolio, if relevant.
- Interact with internal and external customers.
- Serve as a subject matter expert for certain asset classes and potentially represent or lead the department on special projects or assignments.
- Coach and/or review the work of other underwriters and fill in for a manager as required.
- 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 and/or confirm external regulatory requirements and ensure internal policies and procedures are followed.
- Make recommendations on credit decisions or make credit decisions directly, as appropriate.
Benefits
- Medical and 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 and elder care
- Adoption, surrogacy, and doula reimbursement
- Educational assistance, including select programs that are fully paid
- 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
- 15 to 25 vacation days each year, depending on career level and years of service
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
