Loan Support Consultant - Covenant Administration - Midland jobs in United States
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PNC · 9 hours ago

Loan Support Consultant - Covenant Administration - Midland

PNC is a company that values its people and fosters an inclusive workplace culture. The Loan Support Consultant role involves covenant monitoring and testing for commercial real estate loans, interpreting loan documents, and communicating with borrowers regarding financial test results.

BankingFinanceFinancial Services
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Responsibilities

Applies advanced specialty product knowledge to the day-to-day servicing of a portfolio of commercial real estate loans with high complexity or elevated borrower relationships to include increased communication and automony
Supports the day-to-day servicing of a portfolio of commercial real estate loans, ensuring compliance with loan document, accurate processing of transactions and timely reporting to stakeholders. These commercial real estate loans include CMBS, balance sheet and agency loans. Will be required to analyze and interpret complex loan agreements to accurately apply loan terms in loan servicing activities
All servicing activities must be carried out in compliance with servicing agreements, loan documentation, internal policies and procedures, and applicable laws and regulations. Resolves non-compliant issues through written and verbal communication with both internal and external parties
May review and process loan payments, escrows and reserve account disbursements. May assist in the preparation of periodic reporting including investor, internal and regulatory reports. May perform covenant compliance testing. Must maintain accurate and up-to-date loan servicing records in the servicing system. May support the onboarding of new loans and the transition of paid-off or transferred loans. May support tax and insurance administration. May perform collection activities on delinquent accounts. May have funds disbursement authority
Reviews reports to identify exceptions, ensure quality and contribute to risk mitigation efforts. May serve as a subject matter expert, an initial point of esclation, and/or may provide specialty product training. May perform one or more work processes

Qualification

Financial AnalysisCovenant Compliance TestingCommercial Real Estate LoansEffective CommunicationsDecision MakingCustomer InteractionManaging Multiple PrioritiesOperational FunctionsRelationship ManagementNegotiating

Required

University / college degree
2+ years of relevant professional experience
Ability to read and interpret commercial real estate loan documents
Experience analyzing financial statements
Strong communication skills
Time management skills
Attention to detail
Organizational skills
Ability to apply advanced specialty product knowledge to the day-to-day servicing of a portfolio of commercial real estate loans
Ability to ensure compliance with loan documents
Ability to process transactions accurately and report timely to stakeholders
Ability to resolve non-compliant issues through written and verbal communication
Ability to maintain accurate and up-to-date loan servicing records
Ability to perform quality control reviews on relevant testing
Ability to support onboarding of new loans and transition of paid-off or transferred loans
Ability to perform collection activities on delinquent accounts
Ability to assess and effectively manage risks associated with business objectives

Preferred

Experience with financial statements

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

Company

PNC is a financial service company providing bank deposits products and services to its community.

Funding

Current Stage
Public Company
Total Funding
unknown
1975-11-17IPO

Leadership Team

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Keith Hayes
SVP, PNC Aviation Finance
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M
Michael Gaber
Senior Vice President - Originations
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