Underwriter II - Real EstateThe PNC Financial Services Group - Pittsburgh, PA
Underwriter II - Real Estate
Auto req ID:
HR Job Code:
100694 Underwriter II- REB
Works under limited supervision or independently. Using independent judgment to identify risks and mitigants, prepares and effectively recommends loan offerings based on scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties and also may have limited approval and/or exception authority. Prepares offerings for specific transactions or in management of a portfolio as assigned and interacts with internal/external customers. May provide recommendations for credit structuring.
Using independent judgment to identify risks and mitigants, prepares and effectively recommends loan offerings based on 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.
Contacts internal/external customers and other parties as appropriate to gather information and clarify inconsistent, incorrect or missing information. May include relevant pre-approval and post-approval activities.
Performs or assists with the identification and/or confirmation of all external regulatory requirements. Ensures internal policies and 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.
IL - Chicago
Underwriter II - Real Estate
Line of Business:
Corporate & Institutional Banking
PAA86 - The Tower at PNC Plaza
Total Hours Per Week:
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
OH - Cincinnati, PA - Pittsburgh
Required Education and Experience:
Roles at this level typically require a university / college degree, with 2 years of relevant professional experience. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.
Job Specific Competencies:
Decision Making and Critical Thinking - Extensive Experience
Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.
Accuracy and Attention to Detail - Extensive Experience
Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy.
Managing Multiple Priorities - Extensive Experience
Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Credit Analysis and Verification - Extensive Experience
Knowledge of and ability to utilize tools, techniques and practices for determining the credit-worthiness of an applicant.
Regulatory Environment - Financial Services - Working Experience
Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.
Knowledge of Underwriting - Working Experience
Knowledge of the full spectrum of underwriting activities, practices, tools and considerations, and the ability to utilize these to manage the underwriting process.
Market Research - Basic Experience
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 - Working Experience
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 Property Data Analysis - Working Experience
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 Practice - Working Experience
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 Sales Closings and Agreements - Working Experience
Knowledge of the processes, techniques and requirements for formal decision-making; ability to reach an agreement on and close transactions for real properties.
Customer Focus - Working Experience
Knowledge of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions, and ability to leverage that information in creating customized customer solutions.
Manages Risk - Basic Experience
Assesses and effectively manages all of the risks associated with their business objectives and activities to ensure activities are in alignment with the bank's and unit's risk appetite and risk management framework.
As an Underwriter II
within PNC's Real Estate organization, you will be based in Chicago, IL; Cincinnati, OH
Commercial real estate experience is preferred.
8 days 3 hours ago
applyUnderwriter II - Real Estate The PNC Financial Services Group - Pittsburgh, PA, United States
PNC offers a wide range of services for all our customers, from individuals and small businesses, to corporations and government entities. No matter how simple or complicated your needs, we're sure to have the products, knowledge and resources necessary for financial success. Retail Banking We provide deposit, lending, cash management and investment services to more than 6 million consumer and small business customers across 19 states and the District of Columbia. Customers can bank whenever and wherever they want via more than 2,600 branches, online and mobile services along with 9,000 ATM machines, many of which can be used to make deposits and cash checks. The award-winning Virtual Wallet® helps to save and spend smarter, and avoid unnecessary fees. Cash Flow InsightSM is an online resource for small businesses to track and manage cash flow.
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