Underwriter - Commercial Real Estate
Company: PNC Financial Services Group, Inc.
Location: East Brunswick
Posted on: May 15, 2022
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Job Description:
Position Overview
At PNC, our people are our greatest differentiator and competitive
advantage in the markets we serve. We are all united in delivering
the best experience for our customers. We work together each day to
foster an inclusive workplace culture where all of our employees
feel respected, valued and have an opportunity to contribute to the
company's success. As an Underwriter within PNC's Real Estate
Banking organization, you will be based in Pittsburgh, PA.
Consideration will also be given to experienced Commercial Real
Estate Underwriters in other PNC markets as well.
Qualified applicants should have experience underwriting commercial
real estate deals.
This requisition covers a number of open positions within the Real
Estate Banking segment. The position level may be adjusted based on
experience level.
Day-to-day activities may vary by team and include Production
Underwriting, Portfolio Management, or REIT and Institutional
Investment Fund underwriting.
In and out-of-office flexibility will be available. Experienced
Commercial Real Estate Underwriters seeking remote work will be
considered.
Job Description
PNC Employees take pride in our reputation and to continue building
upon that we expect our employees to be:
Competencies
Accuracy and Attention to Detail - Understanding of the necessity
and value of accuracy and attention to detail; ability to process
information with high levels of accuracy.
Coaching Others - Knowledge of coaching concepts and methods;
ability to encourage, motivate, and guide individuals or teams in
learning and improving effectiveness.
Credit Analysis and Verification - Knowledge of and ability to
utilize tools, techniques and practices for determining the
credit-worthiness of an applicant.
Decision Making and Critical Thinking - Understanding of the issues
related to the decision-making process; ability to analyze
situations fully and accurately, and reach productive
decisions.
Knowledge of Underwriting - Knowledge of the full spectrum of
underwriting activities, practices, tools and considerations, and
the ability to utilize these to manage the underwriting
process.
Managing Multiple Priorities - Ability to manage multiple
concurrent objectives, projects, groups, or activities, making
effective judgments as to prioritizing and time allocation.
Market Research - Knowledge of and ability to use tools and
techniques for collecting, collating and analyzing information on
existing or potential markets in order to meet market needs.
Real Estate Development - Knowledge of real estate development;
ability to manage different aspects of the real estate development
function, including business development, methods of real estate,
and operational processes.
Real Estate Practice - Knowledge of specializations, tools,
practices and regulations within the real estate industry; ability
to operate a real estate enterprise to achieve business
success.
Real Estate Property Data Analysis - Knowledge of and ability to
utilize diverse data analysis processes, techniques and tools in
order to analyze, interpret and manage property related data.
Real Estate Sales Closings and Agreements - Knowledge of the
processes, techniques and requirements for formal decision-making;
ability to reach an agreement on and close transactions for real
properties.
Regulatory Environment - Financial Services - Knowledge of and
ability to help an organization adapt to applicable federal, state,
local, and company-specific regulations, policies, and guidelines
affecting business practices.
Work Experience
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 and experience (including military
service) may be considered.
Education
Bachelors
Additional Job Description
Compensation:
Base Salary: $66,000 - 192,000
Where a person is paid in the compensation range is aligned to
their experience and skills.
Placement within the compensation range is based on the specific
role and the following factors:
Lower in range - Building skills and experience in the job
Within the range - Experience and skills align with proficiency in
the role
Compensation Range may vary based on Geographic Location.
Benefits
PNC offers employees a comprehensive range of benefits to help meet
your needs now and in the future. Depending on your eligibility,
options for full-time employees include 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; maternity and parental leave; paid
holidays, vacation days and occasional absence time; 401(k),
pension and stock purchase plans; dependent care reimbursement
account; back-up child/elder care; adoption assistance; educational
assistance and a robust wellness program with financial incentives.
To learn more about these and other programs, including benefits
for part-time employees, visit pncbenefits.com > New to PNC.
Disability Accommodations Statement:
The PNC workplace is inclusive and supportive of individual needs.
If you have a physical or other impairment that might require an
accommodation, including technical assistance with the PNC Careers
website or submission process, please call 877-968-7762 and select
Option 4: Recruiting or contact us via email at
pathfinder@pnc.com.
The Human Resources Service Center hours of operation are Monday -
Friday 9:00 AM to 5:00 PM ET.
Equal Employment Opportunity (EEO):
PNC provides equal employment opportunity to qualified persons
regardless of race, color, sex, religion, national origin, age,
sexual orientation, gender identity, disability, veteran status, or
other categories protected by law.
California Residents
Refer to the California Consumer Privacy Act Privacy Notice to gain
understanding of how PNC may use or disclose your personal
information in our hiring practices.
ArrayArrayDay-to-day activities may vary by team and include
Production Underwriting, Portfolio Management, or REIT and
Institutional Investment Fund underwriting. 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. 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. Credit Analysis and Verification -
Knowledge of and ability to utilize tools, techniques and practices
for determining the credit-worthiness of an applicant. Managing
Multiple Priorities - Ability to manage multiple concurrent
objectives, projects, groups, or activities, making effective
judgments as to prioritizing and time allocation. works
independently, enterprise risk management framework, financial
services, portfolio management, commercial real estate, real estate
property data analysis, customer needs, judgment, attention to
detail, financial, managing risk, decision making, coaching,
exercises, underwriting, credit analysis, credit risk management,
real estate, managing multiple priorities, real estate development,
analyzing information, decision-making, real estate sales closings,
business development, risk management, assessing, Vice President
Commercial Real Estate Broker, Underwriter III, Broker & IM
Investment Manager, Internship Underwriting Services, Commercial
Underwriting Assistant, Senior Manager & Mortgage Broker, Credit
Analyst, Senior Underwriter - Personal Lines, Underwriting Manager,
Real Estate Assistant
Keywords: PNC Financial Services Group, Inc., East Brunswick , Underwriter - Commercial Real Estate, Other , East Brunswick, New Jersey
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