Underwriter III - Commercial

PNC Bank•Troy, MI

6d•Onsite

About The Position

PNC is hiring an Underwriter III within its Regional Credit Product Group. The role is based in Troy, Michigan, or Clayton, Missouri, and is in-office. The underwriter works independently with little or no oversight, exercises exception and elevated approval authority, and prepares loan offerings for transactions of any type or complexity or manages an assigned portfolio. The role 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. Using independent judgment, the underwriter assesses credit, collateral strength, and the financial worthiness of transaction parties to identify risks and mitigants, prepare offerings and scorecards such as risk ratings, and, where relevant, manage credit risk for an assigned portfolio. The role may coach or review other underwriters’ work and fill in for a manager. It also involves gathering and clarifying information, carrying out pre-approval and post-approval activities, identifying or confirming regulatory requirements, ensuring compliance with internal policies and procedures, and recommending or making credit decisions as appropriate.

Requirements

Typically requires a university or college degree and 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 for the role.
Relevant capabilities include accuracy and attention to detail, credit analysis and verification, decision-making and critical thinking, effective communication, financial analysis, underwriting knowledge, managing multiple priorities, and office support tools.
Demonstrate customer focus and the ability to assess and manage risks in alignment with PNC's Enterprise Risk Management Framework.
No required certification or license.

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

Independently prepare loan offerings for transactions of any type or 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 or scorecards, including risk ratings.
Perform ongoing credit risk management for an assigned portfolio when relevant.
Exercise exception and elevated approval authority and recommend or make credit decisions as appropriate.
Interact with internal and external customers, and gather or clarify missing, inconsistent, or incorrect information from customers and other parties.
Serve as a subject matter expert for certain asset classes and potentially represent or lead the department on special projects or assignments.
Perform relevant pre-approval and post-approval activities.
Identify or confirm external regulatory requirements and ensure internal policies and procedures are followed.
May coach or review the work of other underwriters and fill in for the manager as required.

Benefits

Medical and prescription drug coverage, including 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 fully paid programs
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