Underwriting Associate - Commercial - Pittsburgh, PA

This position is open to Veterans, Transitioning Military, National Guard Members, Military Spouses, Wounded Warriors, and their Caregivers.

About the role

As an Underwriting Associate within PNC’s Statement Spreading organization, you may be based in Pittsburgh, PA; Philadelphia, PA; Cleveland, OH; Cincinnati, OH; Birmingham, AL; Dallas, TX; Kalamazoo, MI; or Denver, CO. Hours for this role are Monday – Friday, 8:00 am EST – 5:00 pm EST.

Under direct supervision, you will complete basic due diligence, document processing, and financial/statistical analysis in support of the underwriting function. You may assist in preparation of business cases for credit approval but will not have credit approval authority. This role may be eligible for remote work in select geographic locations, subject to approval by PNC. If approved, work must be conducted from a quiet, secure, and confidential home-based workspace. Occasional in-office participation may be required based on business needs. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Responsibilities

• Perform basic due diligence, including reviewing relevant forms, providing analysis, and ordering reports.
• Assist in the underwriting process by ensuring the accuracy and/or completeness of relevant information and documents.
• Perform basic financial analysis, such as cash flow and collateral analysis.
• Research and respond to internal/external customer questions and inquiries.
• Receive spread requests for renewals for commercial loans or new requests via the workflow tool.
• Review financial statements for accuracy and send them back to the Underwriters for correction if inconsistencies or inaccuracies are found.
• Input data into the internal spreading software to ensure consistency for approval from Underwriters.

PNC Employees are expected to be customer-focused, managing risk, and aligning with PNC’s Enterprise Risk Management Framework.

Requirements

• Associates degree or equivalent combination of education, job-specific certification(s), and experience (including military service).
• Typically requires 3+ years of related experience or product knowledge.
• Preferred skills: Credit Decisions, Decision Making, Financial Analysis, Identifying Risks, Process Improvements, Results-Oriented, Risk Assessments.
• Competencies: Accuracy and Attention to Detail, Credit Analysis and Verification, Decision Making and Critical Thinking, Effective Communications, Financial Analysis, Information Capture, Knowledge of Underwriting, Managing Multiple Priorities, Office Support Tools, Operational Functions.

Pay

Base Salary: $37,600.00 – $68,750.00. Salaries may vary based on geographic location, market data, and individual skills, experience, and education. This role is incentive eligible with payment based upon company, business, and/or individual performance.

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 programs fully paid.
• 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; between 15 to 25 vacation days each year, depending on career level and years of service.