Senior Asset Manager - Real Estate Solutions - Midland

PNC Financial Services Group, Inc. Pittsburgh , PA 15201

Posted 2 months ago

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. 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. As a Senior Asset Manager within PNC's Midland organization, you will be based within the PNC Midland footprint.

Midland's Real Estate Solutions Group works with a diverse group of clients, which includes some of the largest lenders and investors in the commercial real estate market and the largest subordinate bond investors in the CMBS market. Our portfolios provide a wide range of opportunities for our employees to expand their skill sets. We work with our clients to create a customized set of advisory services, including performing asset management, special servicing, evaluative and risk management strategies for complex debt and equity structures, due diligence, and asset valuations.

As a Senior Asset Manager, you will have a range of responsibilities including:

  • Proactive surveillance of loans in the alternative asset backed securities portfolio which consists of various business segments.

  • Monitor company financial performance including the review of company financial reports, business plans, and segment industry news and updates.

  • Gain a working knowledge of each credit in the portfolio and monitor key performance metrics, critical dates, and loan covenant performance.

  • Review complex borrower requests and develop recommendations for approval.

  • Review and process customer requests related to the servicing of loans, analyze data, prepare internal surveillance reports, and assist with asset management matters on loans of concern.

  • Assist in the preparation of reports for the alternative asset backed securities portfolio.

  • Interpret loan documents, servicing agreements and transaction deal structure.

  • Prepare and present cases for approval as designated and make suitable recommendations to leadership.

  • Conduct due diligence for Midland's third-party subordinate CMBS investors.

  • Identifies process improvement opportunities and may create and update policies and procedures as necessary.

  • Engages in frequent verbal and written communication with internal and external parties.

  • Adheres to established policies, procedures, and regulations.

Your days will be filled with a variety of tasks in an environment that values teamwork, open communication, cutting-edge employee training and career development. The hours follow a basic work week but may allow for some flexibility depending on the needs of our clients, as well as the balance of your workgroup.

Job Description

  • Oversees portfolios and/or customer request of high complexity and performs transaction analysis.

  • Reviews and processes customer requests related to the servicing of assets, monitors watch list assets, and may transfer assets to special servicing area. Prepares and presents cases and approval memoranda for approval as designated and makes suitable recommendations to leadership. Reserve administration.

  • May perform or coordinate inspections and complete reports.

  • Reviews financial statements related to the asset, market and economic data to determine the economic impact and/or compliance impact for the operation of the assets. Interprets loan documents and servicing agreements. May perform risk ratings, create investor reports and escalate issues accordingly, and manage credit risk and compliance documentation. Identifies process improvement opportunities and may create and update policies and procedures as necessary.

  • Engages in frequent verbal and written communication with internal and external parties which may include, high touch customers and their representatives, outside counsel, agencies, special servicers, and investors.

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.

Competencies

Data Gathering and Reporting

  • Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

Decision Making and Critical Thinking

  • Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.

Effective Communications

  • Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Statement Analysis

  • Knowledge of tools, techniques, and practices, and ability to analyze and determine the credit-worthiness of a business enterprise through its financial statements.

Investment Reporting

  • Knowledge of and ability to use methods, processes, and tools for creating and maintaining accurate and thorough investment reports.

Managing Multiple Priorities

  • Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

Market Risk

  • Knowledge of processes, tools, and techniques used for analyzing market risk; ability to assess and manage investment exposures to market risk.

Negotiating

  • Knowledge of successful negotiation concepts and techniques; ability to negotiate successfully across the organization and with external vendors and clients in a constructive and collaborative manner.

Problem Solving

  • Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply this knowledge appropriately to diverse situations.

Regulatory Environment

  • Financial Services

  • Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Work 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.

Education

Bachelors

Additional Job Description

Benefits

PNC offers employees a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC.

Disability Accommodations Statement:

The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@pnc.com.

The Human Resources Service Center hours of operation are Monday

  • Friday 9:00 AM to 5:00 PM ET.

Equal Employment Opportunity (EEO):

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.

California Residents

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.

ArrayArrayAs a Senior Asset Manager within PNC's Midland organization, you will be based within the PNC Midland footprint. Proactive surveillance of loans in the alternative asset backed securities portfolio which consists of various business segments. Monitor company financial performance including the review of company financial reports, business plans, and segment industry news and updates. Gain a working knowledge of each credit in the portfolio and monitor key performance metrics, critical dates, and loan covenant performance. Review complex borrower requests and develop recommendations for approval. Review and process customer requests related to the servicing of loans, analyze data, prepare internal surveillance reports, and assist with asset management matters on loans of concern. Assist in the preparation of reports for the alternative asset backed securities portfolio. Interpret loan documents, servicing agreements and transaction deal structure. Prepare and present cases for approval as designated and make suitable recommendations to leadership. Conduct due diligence for Midland's third-party subordinate CMBS investors. Identifies process improvement opportunities and may create and update policies and procedures as necessary. Engages in frequent verbal and written communication with internal and external parties. Adheres to established policies, procedures, and regulations. Oversees portfolios and/or customer request of high complexity and performs transaction analysis. Reviews and processes customer requests related to the servicing of assets, monitors watch list assets, and may transfer assets to special servicing area. Prepares and presents cases and approval memoranda for approval as designated and makes suitable recommendations to leadership. May perform or coordinate inspections and complete reports. Reviews financial statements related to the asset, market and economic data to determine the economic impact and/or compliance impact for the operation of the assets. Interprets loan documents and servicing agreements. May perform risk ratings, create investor reports and escalate issues accordingly, and manage credit risk and compliance documentation. Engages in frequent verbal and written communication with internal and external parties which may include, high touch customers and their representatives, outside counsel, agencies, special servicers, and investors. 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. Managing Multiple Priorities

  • Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation. Problem Solving

  • Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply this knowledge appropriately to diverse situations. data gathering, effective communications, successful negotiation, financial, loan documents, cmbs, communication, service, verbal, written communication, vendors, communications, managing risk, financial statements, due diligence, financial statement analysis, customer needs, transaction analysis, assessing, decision making, problem solving, credit risk, focused, negotiate, manager, organizational, segments, policies and procedures, market risk, performance, collaborative, enterprise risk management framework, decision-making, financial reports, negotiating, support, proactive, effective communication, leadership, managing multiple priorities, Client Relationship Manager

  • RPO, Sales & Leasing Consultant, 401(k) Client Relationship Administrator, Senior Accounts Manager & Senior Field Representative, Client Relationship Administrator, Business Development & Client Services Manager & Solutions Architect, Accounts Manager & Client Relationship Manager, Vice President Operations & Senior Accounts Executive, Corporate Accounts Consultant, Business Sales Support Administrator

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Senior Asset Manager - Real Estate Solutions - Midland

PNC Financial Services Group, Inc.