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The PNC Financial Services Group

Underwriter III - Tax Credit

The PNC Financial Services Group - Pittsburgh, PA

Auto req ID

290095BR

HR Job Code

100711 Underwriter III- Tax Credit

Job Profile

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.

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.

Position City

OR - Portland

Position Title

Underwriter III - Tax Credit

Line of Business

Corporate & Institutional Banking

Building Location

OR027 - PNC MF - Portland

Job Type

Regular

Total Hours Per Week

40

Travel

Job Status

Full Time

Shift

Daylight

Scheduled Days/Hours

M-F, 8-5

EEO Statement

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

Location(s)

DC - Washington DC, IL - Chicago, KY - Louisville, MA - Boston, OH - Cleveland, OR - Portland, PA - Pittsburgh

Required Education and 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.

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.

Coaching Others - Working Experience

Knowledge of coaching concepts and methods; ability to encourage, motivate, and guide individuals or teams in learning and improving effectiveness.

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.

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.

Credit Analysis and Verification - Extensive Experience

Knowledge of and ability to utilize tools, techniques and practices for determining the credit-worthiness of an applicant.

Market Research - Working 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.

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.

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 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.

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 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.

Core Competencies

Manages Risk - Working 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.

Customer Focus - Extensive 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.

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. As an Underwriter III within PNC's Tax Credit organization, you could be based in Portland, OR, Louisville, KY, Boston, MA, Pittsburgh, PA, Cleveland, OH, Washington D.C. or Chicago, IL.

Affordable Housing, Real Estate Finance

9 days 14 hours ago

The PNC Financial Services Group

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Location: Pittsburgh, PA

Company Profile:
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.