Asset Manager - Asset Management - Midland
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. As an Asset Manager within PNC's Midland Loan Servicing organization, you will be based in office within the PNC Midland footprint.
Midland's Asset Management 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.
A successful candidate will possess:
- Ability to effectively interpret complex loan documents and pooling and servicing agreements
- Ability to manage multiple tasks simultaneously and strong organizational skills.
- Strong written and verbal communication skills.
- Strong problem-solving skills.
- Ability to work independently.
- Ability to thrive in a team environment, both as a team member and a team leader.
PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.
PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
Job Description
- Oversees portfolios and/or Borrower requests of routine to medium complexity for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate.
- Analyze various financial reports, including property operating statements, loan guarantor financials, loan level covenants, and market economic data. Review and interpret complex loan document and servicing agreement provisions.
- Evaluates credit risk and proposes risk mitigants using a working knowledge of commercial real estate, industry terminology and real estate capital markets while adhering to established procedures.
- Prepares and presents formal recommendations for approval in accordance with applicable delegations of authority.
- Engages in frequent verbal and written communication with external parties which may include borrowers and their representatives, internal and external legal counsel, rating agencies, special servicers, and investors.
- Collaborates effectively with internal business partners and leverages commercial real estate expertise to assist with cross-departmental decision making.
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.
Qualifications
Not included in the source posting: about the role, what you'll do, benefits.
Who can apply
The employer didn't state any visa, work authorization, citizenship or clearance requirements in this posting. Confirm with the employer before applying.
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