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PNC · 5 days ago

Underwriter III- REB

CO - Denver (80202)

Full-time

Onsite

Mid Level

$63K/yr - $157K/yr

3+ years exp

PNC is a leading financial services company that values its employees as its greatest asset. The Underwriter III position within PNC's Real Estate Banking organization involves preparing loan offerings, assessing credit risks, and making credit decisions while ensuring compliance with internal policies and external regulations.

BankingFinanceFinancial Services

No H1B

Responsibilities

Works independently with little or no oversight

Exercises some exception and elevated approval authority

Prepares loan 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

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

May coach and/or review the work of other underwriters and fill 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

Qualification

Credit DecisionsFinancial AnalysisRisk AssessmentsMarket ResearchReal Estate DevelopmentIdentifying RisksProcess ImprovementsAccuracyCoaching OthersCredit AnalysisVerificationManaging Multiple PrioritiesReal Estate PracticeReal Estate Property Data AnalysisReal Estate Sales ClosingsAgreementsRegulatory Environment - Financial ServicesDecision MakingResults-OrientedAttention to Detail

Required

Works independently with little or no oversight

Exercises some exception and elevated approval authority

Prepares loan 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

If relevant, performs ongoing credit risk management for assigned portfolio

May coach and/or review the work of other underwriters and fill 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

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

Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience

Certifications are often desired

In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered

Bachelors