Underwriter IV - Commercial

PNC•Coral Gables, FL

1d•Onsite

About The Position

At PNC, people are their greatest differentiator and competitive advantage, united in delivering the best experience for customers. They foster an inclusive workplace culture where employees feel respected, valued, and have an opportunity to contribute to the company’s success. This Underwriter IV - Commercial position is within PNC's Regional Credit Products Group organization, based in Coral Gables, FL. PNC operates as an in-office company, encouraging candidates to understand workplace expectations. Sponsorship for employment visas or participation in STEM OPT will not be provided for this position. The role involves working autonomously, exercising exception and elevated approval authority, and preparing offerings for all types of complex transactions or managing assigned portfolios. The Underwriter interacts with internal and external customers, provides recommendations for credit structuring, and serves as a subject matter expert for certain asset classes, potentially leading special projects. Responsibilities also include coaching, mentoring, and assisting other underwriters on best practices, using independent judgment to identify risks and mitigants, preparing offerings and/or scorecards by analyzing credit, collateral strength, and financial worthiness. The role performs ongoing credit risk management for assigned portfolios, reviews the work of other underwriters, and may fill in for a manager. It requires contacting various parties for information, performing pre-approval and post-approval activities, confirming regulatory requirements, ensuring policy adherence, and making or recommending credit decisions.

Requirements

University / college degree, with 5+ years of industry-relevant experience.
Specific certifications are often required.
In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.
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.
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, Operational Functions.
Education: Bachelors (or comparable combination of education, job specific certification(s), and experience).

Nice To Haves

Credit Decisions
Decision Making
Financial Analysis
Identifying Risks
Process Improvements
Results-Oriented
Risk Assessments

Responsibilities

Works autonomously.
Exercises exception and elevated approval authority.
Prepares 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 a subject matter expert for certain asset classes.
May lead the department on special projects or assignments.
Coaches, mentors, and assists others on best practices and processes.
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.
Coaches and/or reviews the work of other underwriters.
Fills 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.
Performs 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