PNC · 1 day ago
Underwriter IV- Real Estate Banking
PA - Pittsburgh (15222)
Full-time
Onsite
Mid, Senior Level
$65K/yr - $166K/yr
5+ years expPNC is a leading financial services company that values its employees as key differentiators in the market. The Underwriter IV role involves independently managing complex transactions in Real Estate Banking, providing credit structuring recommendations, and serving as a subject matter expert while coaching and leading other underwriters.
BankingFinanceFinancial Services
No H1B
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
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
Qualification
Required
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
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 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
Preferred
Credit Decisions
Decision Making
Financial Analysis
Identifying Risks
Process Improvements
Results-Oriented
Risk Assessments
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
Years of service
Company
PNC
PNC is a financial service company providing bank deposits products and services to its community.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1975-11-17IPO
Leadership Team
Keith Hayes
SVP, PNC Aviation Finance
M
Michael Gaber
Senior Vice President - Originations
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