Underwriter III - Commercial

PNC•Pittsburgh, PA

1d•Onsite

About The Position

The Underwriter III - Commercial works independently with little or no oversight and exercises exception and elevated approval authority. The role prepares loan offerings for transactions of any type or complexity and may manage an assigned portfolio. It interacts with internal and external customers, serves as a subject matter expert for certain asset classes, and may represent or lead the department on special projects or assignments. The underwriter uses independent judgment to identify risks and mitigants, analyzing credit, collateral strength, and the financial worthiness of transaction parties to prepare offerings and/or scorecards such as risk ratings. When relevant, the role performs ongoing credit risk management for an assigned portfolio. It may coach or review the work of other underwriters and fill in for a manager as required. The position gathers and clarifies information from customers and other parties, performs relevant pre-approval and post-approval activities, identifies or confirms external regulatory requirements, and ensures internal policies and procedures are followed. It makes recommendations on credit decisions or makes credit decisions directly, as appropriate. The position is based in Pittsburgh, Pennsylvania, and PNC describes itself as an in-office company.

Requirements

Typically requires a university or college degree; a comparable combination of education and experience, including military service, may be considered in lieu of a degree.
Typically requires 3 or more years of relevant or direct industry experience.
Demonstrate knowledge, skills, and abilities appropriate to the role, including credit analysis and verification, financial analysis, underwriting knowledge, decision-making, risk assessment, attention to detail, effective communication, and managing multiple priorities.
No required certifications or licenses.

Nice To Haves

Certifications are often desired.
Preferred skills include credit decisions, decision making, financial analysis, identifying risks, process improvements, and a results-oriented approach.
Competencies include coaching others, office support tools, and operational functions.

Responsibilities

Prepare loan offerings for transactions of any type and level of complexity, or manage an assigned portfolio.
Analyze credit, collateral strength, and the financial worthiness of transaction parties to identify risks and mitigants and prepare offerings and/or scorecards such as risk ratings.
Perform ongoing credit risk management for an assigned portfolio when relevant.
Interact with internal and external customers and gather or clarify information, including 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.
Make recommendations on credit decisions or make credit decisions directly, as appropriate.
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.

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, 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.
15 to 25 vacation days each year, depending on career level and eligibility.