Underwriter IV- Real Estate Banking
About The Position
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. 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 and 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. 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. PNC Employees take pride in our reputation and to continue building upon that we expect our employees 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. 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.
Requirements
- University / college degree, with 5+ years of industry-relevant experience.
- In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
- 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.
Nice To Haves
- Credit Decisions
- Decision Making
- Financial Analysis
- Identifying Risks
- Process Improvements
- Results-Oriented
- Risk Assessments
- Accuracy and Attention to Detail
- Coaching Others
- 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
Responsibilities
- Prepares offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned.
- 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.
- 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.
- 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 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.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
