Job Description:
• Analysis of property level financial statements including operating statements, balance sheets and rent rolls.
• Analysis of property operations vs. operating budget and market.
• Critiquing/tracking of operating and construction budgets.
• Reconcile and review loan draws for funding of construction, leasing and capital costs.
• Assist with the preparation of quarterly asset reviews.
• Analysis and interaction with property managers, leasing agents and borrower and client representatives.
• Interact professionally and timely with other team members, clients, internal servicing departments and external organizations.
• Work effectively as a team contributor on all assignments.Desired Skill Set:
• Excellent understanding of accounting principles and financial analysis.
• Understanding of basic commercial real estate fundamentals.
• Excellent analytical skills.
• Strong business application skills with emphasis in Excel.
• Extremely organized and task driven.
• Superior verbal and email communication skills. Highly responsive, teamwork oriented and a strong work ethic
Job Description- Oversees portfolios and/or customer request of low to medium complexity and may provide analytical support.
- 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. 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.
- May engage in frequent verbal and written communication with internal and external parties which may include, 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.
QualificationsSuccessful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and requiredneeded to be successful in this position.
Asset Management, Decision Making, Financial Accounting, Financial Management, General Ledger (GL), Investment Management, Revenue RecognitionData Gathering and Reporting, Decision Making and Critical Thinking, Effective Communications, Financial Statement Analysis, Investment Reporting, Managing Multiple Priorities, Market Risk, Negotiating, Problem Solving, Regulatory Environment - Financial ServicesRoles at this level typically require a university / college degree, with 2+ years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.No Required Certification(s)No Required License(s)
This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
California ResidentsRefer to the