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About the Role

The Entity Finance Underwriter is responsible for performing comprehensive credit underwriting and portfolio management across complex entity-level real estate transactions, including private and institutional real estate funds, homebuilders, real estate operating companies (REOCs), and subscription/capital call facilities. This role applies advanced financial, structural, and risk analysis to assess borrower creditworthiness, evaluate repayment capacity, and structure transactions in alignment with internal credit policy, regulatory expectations, and market standards.

Responsibilities

Identify key credit risks and develop appropriate mitigants.
Perform detailed financial analysis and projection review.
Evaluate structural features (covenants, borrowing bases, advance rates).
Assess investor eligibility and concentration limits (for subscription facilities).
Assign and justify internal risk ratings (e.g., PD/LGD).
Ensure consistency with policy and underwriting guidelines.
Provide recommendations on deal structure, sizing, and terms to optimize risk-adjusted returns.
Prepare loan offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned.
Interact with internal/external customers.
Provide recommendations for credit structuring.
Serve as subject matter expert for certain asset classes.
Prepare offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties.
Perform ongoing credit risk management for assigned portfolio.
Coach and/or review the work of other underwriters and fill in for manager as required.
Contact internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information.
Perform relevant pre-approval and post-approval activities.
Identify and/or confirm all external regulatory requirements.
Ensure internal policies/procedures are followed.
Make recommendations on credit decisions or make credit decisions directly, as appropriate.

Requirements

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.
Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
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.

Skills

Credit Decisions
Decision Making
Financial Analysis
Identifying Risks
Process Improvements
Results-Oriented
Risk Assessments
Accuracy and Attention to Detail
Coaching Others
Credit Analysis and Verification
Decision Making and Critical Thinking
Knowledge of Underwriting
Managing Multiple Priorities
Market Research
Real Estate Development
Real Estate Practice
Real Estate Property Data Analysis
Real Estate Sales Closings and Agreements
Regulatory Environment - Financial Services

Location

PNC location

Work Type

in-office

Experience Level

3+ years of relevant / direct industry experience

Education Level

Bachelors

Salary/Compensations

Base Salary: $67,500.00 – $172,500.00

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
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 - 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.
At PNC we foster an inclusive and accessible workplace.
We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

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.