[Hiring] Commercial Underwriting Associate @PNC

Role Description

As a Commercial Underwriting Associate within PNC’s Statement Spreading organization, you will be based remotely within one of the following Commercial Lending Origination (CLO) hubs: Pittsburgh, PA; Philadelphia, PA; Cleveland, OH; Cincinnati, OH; Birmingham, AL; Dallas, TX; Kalamazoo, MI; or Denver CO. Hours: Monday – Friday, 8:00 am EST – 5:00 pm EST within your time zone.

• Under direct supervision, complete basic due diligence, document processing and financial/statistical analysis in support of the underwriting function.
• Assist in preparation of business cases for credit approval, but do not have credit approval authority.
• Perform basic due diligence, including reviewing relevant forms, providing analysis, and ordering reports.
• Assist in the underwriting process by ensuring the accuracy and/or completeness of relevant information and documents.
• Perform basic financial analysis, such as cash flow and collateral analysis.
• Research/respond to internal/external customer questions and inquiries.
• Receive spread requests for renewals for commercial loans or new requests via the workflow tool.
• Review financial statements for accuracy and send them back to the Underwriters for correction if any inconsistency or inaccuracy is found.
• Input data into the internal spreading software to ensure consistency for approval from Underwriters.

Qualifications

• B.S. Degree in Finance, Accounting or Economics and/or prior experience working with commercial or business finance statements.
• Motivated, driven, and creative individuals that enjoy working as part of a team in a high energy environment.
• Valued opinions, supported by collaborative teams, impact the success of the Commercial Lending Operations organization.

Requirements

• Customer Focused: Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions.
• Managing Risk: Assessing and effectively managing all of the risks associated with their business objectives and activities.

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.