Associate Asset Manager - Midland at PNC | AL, US | Rezi

Associate Asset Manager - Midland at PNC

Associate Asset Manager - Midland

PNC · AL, US

1 months ago

Associate Asset Manager - Midland

PNC · AL, US

a month ago
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About the Role

At PNC, our people are our greatest differentiator and competitive advantage. We are united in delivering the best experience for our customers and fostering an inclusive workplace culture. As an Associate Asset Manager - Collateral Surveillance within PNC's Midland organization, you will review financial statements, loan covenants, market, and economic data for various securitized commercial real estate portfolios to determine economic and compliance impact, oversee assigned portfolios, and monitor watch list assets.

Responsibilities

  • Reviews financial statements, loan covenants, market, and economic data for CMBS, SFR, Agency, SASB or other securitized commercial real estate to determine the economic and/or compliance impact.
  • Determines an equity risk category and oversees assigned portfolios.
  • Reviews and processes customer inquiries while adhering to established compliance procedures.
  • Monitors and reports on watch list assets.
  • Interacts with external parties, may include rating agencies, special servicers, investors, 17G-5 providers.
  • Interacts with internal parties.
  • Assess property inspections for watch lists determinations and further escalation to internal partners.
  • Boarding of collateral related information and reporting to other required parties.
  • Potentially provides analytical or other support to the Asset Management Department.
  • Oversees limited portfolios and/or routine Borrower requests and inquiries for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate.
  • Reviews and responds to external party inquiries related to the assigned portfolios while adhering to established compliance procedures.
  • Collaborates effectively with internal business partners to aid with cross-departmental decision making.

Requirements

  • Roles at this level typically require a university / college degree with < 1 year of professional experience and/or successful completion of a formal development program.
  • In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
  • Working knowledge of commercial real estate, including industry terminology and capital markets.
  • Proven ability to make accurate and informed decisions.
  • Strong financial accounting and analysis skills.
  • Strong verbal and written communication abilities.
  • Effective multitasking skills with the capability to manage multiple tasks and priorities simultaneously and meet deadlines.
  • Team-oriented mindset with the ability to collaborate effectively.
  • 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.

Skills

  • Asset Management
  • Decision Making
  • Financial Accounting
  • Financial Management
  • General Ledger (GL)
  • Investment Management
  • Revenue Recognition
  • Accuracy and Attention to Detail
  • Data Gathering and Reporting
  • Decision Making and Critical Thinking
  • Effective Communications
  • Financial Statement Analysis
  • Flexibility and Adaptability
  • Investment Reporting
  • Market Risk
  • Regulatory Environment - Financial Services

Location

  • PNC Midland footprint

Work Type

  • in-office

Experience Level

  • < 1 year of professional experience

Education Level

  • Bachelors

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
  • 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
  • Years of service

About the Company

  • 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.
  • PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance.
  • PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be: Customer Focused, Managing Risk.

Equal Opportunity

  • 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.
  • This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
  • 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.