Underwriter IV - Real Estate
Company: PNC Financial Services Group
Location: East Brunswick
Posted on: October 2, 2019
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. As an Underwriter within
PNC's Real Estate organization, you will be based in Boca Raton,
FL. Consideration will be given to qualified applicants in
Philadelphia, PA or East Brunswick, NJ.
- 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
- 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
- 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.
PNC Employees take pride in our reputation and to continue building
upon that we expect our employees to be:
- 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
CompetenciesAccuracy 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
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
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
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.
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 and experience (including
military service) may be considered.
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
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.
Keywords: PNC Financial Services Group, East Brunswick , Underwriter IV - Real Estate, Other , East Brunswick, New Jersey
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