Underwriter IV - Community Development Banking

PNC Bank•San Francisco, CA

21h•Onsite

About The Position

PNC is hiring an Underwriter IV in its Community Development Banking organization. The position is based in San Francisco, Los Angeles, Denver, Pittsburgh, Horsham, or Philadelphia. PNC describes itself as an in-office company and encourages candidates to discuss workplace expectations with their recruiter and hiring manager. Employment visa sponsorship and STEM OPT participation are not provided for this position. The Underwriter IV works independently with little or no oversight and may exercise exception or elevated approval authority. The role prepares offerings for transactions of varying types and complexity, or manages an assigned portfolio. It analyzes credit, collateral strength, and the financial standing of transaction parties to identify risks and mitigants, prepare offerings or scorecards such as risk ratings, and recommend credit structures and decisions. The underwriter may manage ongoing credit risk, serve as a subject matter expert for selected asset classes, and coach, review, or train other underwriters, filling in for the manager when needed. The role interacts with internal and external customers and other parties to obtain information and clarify incomplete, incorrect, or inconsistent details. It may involve pre-approval and post-approval activities. The underwriter identifies or confirms external regulatory requirements and ensures compliance with internal policies and procedures. PNC emphasizes customer focus and effective management of risks in support of its Enterprise Risk Management Framework. The position typically requires a bachelor's degree and 5 or more years of industry-relevant experience. A comparable combination of education, job-specific certifications, and experience, including military service, may be considered in place of a degree. No certifications or licenses are listed as required. The role is incentive eligible, with incentive payments based on company, business, and/or individual performance. The listed base salary range is $91,000 to $202,800, subject to location, market data, and individual skills, experience, and education.

Requirements

Typically, a university or college degree and at least 5 years of industry-relevant experience are required; a comparable combination of education, job-specific certifications, and experience, including military service, may be considered in lieu of a degree.
Bachelor's degree listed under Education.
Demonstrate knowledge, skills, and abilities appropriate to the role, including accuracy and attention to detail, coaching others, credit analysis and verification, decision making and critical thinking, effective communication, financial analysis, underwriting knowledge, managing multiple priorities, office support tools, operational functions, and knowledge of the financial services regulatory environment.
No required certifications or licenses are listed.
PNC will not provide employment visa sponsorship or participate in STEM OPT for this position.

Nice To Haves

Preferred skills include credit decisions, decision making, financial analysis, identifying risks, process improvements, results orientation, and risk assessments.

Responsibilities

Independently prepare offerings for transactions of all types and levels of complexity, or manage an assigned portfolio.
Analyze credit, collateral strength, and the financial standing of loan or transaction parties; identify risks and mitigants; and prepare offerings or scorecards, such as risk ratings.
Provide recommendations for credit structuring and credit decisions, or make credit decisions directly when appropriate.
Perform ongoing credit risk management for an assigned portfolio when relevant.
Interact with internal and external customers and other parties to gather information and clarify missing, incorrect, or inconsistent information.
Perform relevant pre-approval and post-approval activities.
Identify or confirm external regulatory requirements and ensure internal policies and procedures are followed.
Coach, train, and review the work of other underwriters, and fill in for the manager as required.
Serve as a subject matter expert for certain asset classes when applicable.

Benefits

Medical and prescription drug coverage, with a Health Savings Account feature, for eligible employees.
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 programs that are fully paid.
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.
15 to 25 vacation days each year, depending on career level and years of service.
Incentive-eligible compensation based on company, business, and/or individual performance.