Underwriter IV - Small Business Banking

PNC

22h•$65,000 - $164,450•Hybrid

About The Position

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As an Underwriter IV within PNC's Small Business Banking organization, you will be based remotely. This position may be eligible for remote work in select geographic locations, subject to approval by PNC. If approved, work must be conducted from a quiet, secure, and confidential home-based workspace. Occasional in-office participation may be required based on business needs. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position. The Underwriter IV works independently with little or no oversight, exercising exception and elevated approval authority. This role involves preparing offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned, and interacting with internal/external customers. The Underwriter IV provides recommendations for credit structuring, serves as a subject matter expert for certain asset classes, and acts as a coach, work lead, and trainer for the group. They use independent judgment to identify risks and mitigants, prepare offerings and/or scorecards (such as risk ratings) by analyzing credit, collateral strength, and financial worthiness of loan/transaction parties. The position also involves performing ongoing credit risk management for an assigned portfolio, coaching and/or reviewing the work of other underwriters, and filling in for a manager as required. They contact internal/external customers and other parties to gather information and clarify inconsistencies, perform pre-approval and post-approval activities, identify and confirm external regulatory requirements, and ensure internal policies and procedures are followed. The Underwriter IV makes recommendations on credit decisions or makes credit decisions directly, as appropriate. PNC Employees are expected to be 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. They are also expected to be adept at Managing Risk, assessing and effectively managing all of the risks associated with their business objectives and activities to ensure adherence to and support of PNC's Enterprise Risk Management Framework.

Requirements

Roles at this level typically require a 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, job specific certification(s), and experience (including military service) may be considered.
Bachelors degree
No Required Certification(s)
No Required License(s)
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

Nice To Haves

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

Responsibilities

Works independently with little or no oversight.
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 subject matter expert for certain asset classes.
Serves as a coach, work lead and trainer for the group.
Uses independent judgment to identify risks and mitigants and to prepare 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, if relevant.
Coaches and/or reviews the work of other underwriters and fills in for manager as required.
Contacts internal/external customers and other parties as appropriate to gather information and 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 and procedures are followed.
Makes recommendations on credit decisions or makes credit decisions directly, as appropriate.
Be 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.
Be 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.

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