Underwriter Sr - Commercial

PNC•Cleveland, OH

1d•$112,000 - $208,000•Onsite

About The Position

The Senior Commercial Underwriter works autonomously within PNC’s Regional Credit Products Group and is based in Cleveland, Ohio. The role prepares offerings for transactions of varying types and complexity, typically handling more complex transactions or an assigned portfolio. It exercises exception and elevated approval authority and makes or recommends credit decisions. The underwriter analyzes credit, collateral strength, and the financial worthiness of transaction parties, identifies risks and mitigants, and may conduct ongoing credit risk management for an assigned portfolio. The role also builds relationships with internal and external customers, supports regulatory and policy compliance, recommends process improvements, and serves as a subject matter expert, coach, work lead, and trainer. PNC describes itself as an in-office company; candidates are encouraged to discuss workplace expectations with their recruiter and hiring manager. The role is incentive eligible, with payment based on company, business, and/or individual performance.

Requirements

Typically requires a university or college degree; a comparable combination of education, job-specific certifications, and experience, including military service, may be considered in lieu of a degree.
Typically requires 8 or more years of industry-relevant experience.
Bachelor’s degree listed under Education.
Demonstrate appropriate knowledge, skills, and abilities for the role, including accuracy and attention to detail, coaching others, credit analysis and verification, decision-making and critical thinking, effective communications, financial analysis, underwriting knowledge, managing multiple priorities, office support tools, and operational functions.
Specific certifications are often required at this level, although no certifications are required for this position.
No required licenses.

Nice To Haves

Higher-level education such as a master’s degree or PhD, or certifications, is desirable.

Responsibilities

Prepare offerings and/or scorecards, including risk ratings, by analyzing credit, collateral strength, and the financial worthiness of loan or transaction parties.
Use independent judgment to identify risks and mitigants and make recommendations on credit decisions or make credit decisions directly, as appropriate.
Perform ongoing credit risk management for an assigned portfolio when relevant.
Provide recommendations for credit structuring and serve as a subject matter expert for certain asset classes.
Coach, review the work of, and train other underwriters; serve as a work lead and fill in for the manager as required.
May be accountable for team work-product quality and serve as a point of escalation.
Build ongoing relationships with internal and external customers and other parties.
Gather information and clarify inconsistent, incorrect, or missing information by contacting internal and external customers and other parties.
Perform relevant pre-approval and post-approval activities.
Identify and/or confirm external regulatory requirements and ensure internal policies and procedures are followed.
Recommend process improvements and participate in special initiatives.

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, depending on eligibility.
Between 15 and 25 vacation days each year, depending on career level and years of service.