Underwriter III- Real Estate Banking

PNC Bank•San Diego, CA

18h•Onsite

About The Position

Works independently with little or no oversight. Exercises some exception and elevated approval authority. Prepares loan offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned. Interacts with internal/external customers. Provides recommendations for credit structuring. Serves as subject matter expert for certain asset classes. Using independent judgment to identify risks and mitigants, prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio. May coach and/or review the work of other underwriters and fill in for manager as required. Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information. May perform relevant pre-approval and post-approval activities. Identifies and/or confirms all external regulatory requirements. Ensures internal policies/procedures are followed. Makes recommendations on credit decisions or makes credit decisions directly, as appropriate. Knowledge of IRS Code Section 42 and 47, equity structures and documentation, market research (including onsite inspections and market comp analysis), and 3rd party or external guidelines.

Requirements

University / college degree, with 3+ years of relevant / direct industry experience.
Knowledge of IRS Code Section 42 and 47, equity structures and documentation, market research (including onsite inspections and market comp analysis), and 3rd party or external guidelines.
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.
Credit Decisions
Decision Making
Financial Analysis
Identifying Risks
Process Improvements
Results-Oriented
Risk Assessments
Accuracy and Attention to Detail
Credit Analysis and Verification
Decision Making and Critical Thinking
Knowledge of Underwriting
Managing Multiple Priorities
Market Research
Real Estate Development
Real Estate Practice
Real Estate Property Data Analysis
Real Estate Sales Closings and Agreements
Regulatory Environment - Financial Services

Nice To Haves

Coaching Others
In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Responsibilities

Prepares loan offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned.
Interacts with internal/external customers.
Provides recommendations for credit structuring.
Serves as subject matter expert for certain asset classes.
Prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties.
Performs ongoing credit risk management for assigned portfolio.
May coach and/or review the work of other underwriters and fill in for manager as required.
Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information.
May perform relevant pre-approval and post-approval activities.
Identifies and/or confirms all external regulatory requirements.
Ensures internal policies/procedures are followed.
Makes recommendations on credit decisions or makes credit decisions directly, as appropriate.

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; and years of service