Trust Real Estate Advisor III

Position Overview

As a Trust Real Estate Advisor III within PNC's Asset Management Group organization, you will be based in Louisville, KY or Cincinnati, OH. PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance.

Responsibilities

• Acts as subject matter expert to oversee all assigned trust owned real estate assets which may include highly complex residential, rental, commercial, farmland and timber properties as well as oil, gas and mineral interests
• Accountable for identifying, mitigating and escalating risk while acquiring, preserving and managing these properties
• Complies with the bank's policies and procedures for consistent management of real estate activities in alignment with the bank's fiduciary policies and procedures, to include such activities as: real estate purchases, sales, leases, negotiations, general property management, safekeeping, disposition/productivity analysis, bill payments, tax and insurance enforcement and the hiring of contractors and agents
• Collaborates as the subject matter expert with AMG Fiduciary Counsel and Market Fiduciary Advisors and Managers as necessary to ensure risks are appropriately analyzed, managed, escalated and resolved
• Accountable for assessing risk and making recommendations to accept, retain or sell assets
• Oversees annual reviews
• Presents recommendations to Real Estate Trust Investment Committee and/or Special Assets Committee, according to committee guidelines
• Preserves and manages assigned physical properties
• Makes recommendations for property improvements based on need
• Coordinates the hiring of professionals as needed for maintenance and upkeep of the property
• Ensures all properties are adequately inspected, valued and insured; ensures all taxes, insurance premiums and property related expenses are timely paid and kept current
• Guides all activities necessary to purchase or sell a property
• Determines if capital improvements are necessary
• Assesses risk of transaction
• Presents recommendations to Real Estate Trust Investment Committee or and/or Special Assets Committee
• Engages with internal partners and external service providers to ensure a smooth and accurate transfer of ownership

Competencies

• Contracts Review
• Decision Making and Critical Thinking
• Effective Communications
• Fiduciary Responsibilities
• Lease and Property Management - Real Estate
• Real Estate Development
• Real Estate Law & Policy Compliance
• Real Estate Property Data Analysis
• Real Estate Sales Closings and Agreements

Qualifications

• University/college degree, with 5+ years of industry-relevant experience
• Specific certifications are often required
• In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered
• Bachelor's degree preferred

Pay

Base Salary: $91,000.00 – $169,000.00. Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.

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 and years of service

This response is AI-generated, for reference only.