Associate Asset Manager - Midland

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are united in delivering the best experience for our customers and fostering an inclusive workplace culture where all employees feel respected, valued, and have opportunities to contribute to the company’s success.

About the role

As an Associate Asset Manager - Collateral Surveillance within PNC's Midland organization, you will oversee limited portfolios and routine borrower requests for securitized CMBS, Agency, SASB, SFR, or other portfolios comprised of loans secured by income-producing commercial real estate. You will review financial statements, loan covenants, market, and economic data to determine economic and/or compliance impact, assess property inspections, and monitor and report on watch list assets.

Responsibilities

• Review financial statements, loan covenants, market, and economic data for CMBS, SFR, Agency, SASB, or other securitized commercial real estate to determine economic and/or compliance impact.
• Determine equity risk category and oversee assigned portfolios.
• Review and process customer inquiries while adhering to established compliance procedures.
• Monitor and report on watch list assets.
• Interact with external parties, including rating agencies, special servicers, investors, and 17G-5 providers, as well as internal parties.
• Assess property inspections for watch list determinations and escalate to internal partners as needed.
• Board collateral-related information and report to required parties.
• Provide analytical or other support to the Asset Management Department.
• Collaborate effectively with internal business partners to aid cross-departmental decision-making.

Requirements

• Bachelor’s degree with less than 1 year of professional experience, or successful completion of a formal development program. In lieu of a degree, a comparable combination of education, job-specific certifications, 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.

Preferred Skills

• Asset Management
• Decision Making
• Financial Accounting
• Financial Management
• General Ledger (GL)
• Investment Management
• Revenue Recognition

Competencies

• 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

Benefits

PNC offers 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.
• 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 fully paid programs.
• A robust wellness program with financial incentives.
• Paid time off, including maternity and/or parental leave, up to 11 paid holidays each year, 9 occasional absence days each year, and between 15 to 25 vacation days each year, depending on career level and years of service.

PNC is an in-office company. Sponsorship for employment visas or participation in STEM OPT is not provided for this position.