Job Description- Monitor, review, analyze and interpret all types of property and liability insurance policies against the requirements in both the equity and debt documents to ensure that the portfolio has adequate coverage and is in compliance with internal policies and procedures. Works with general partners to ensure that PNC has appropriate documentation for the insurance files.
- Provides advice and guidance to underwriters and asset managers regarding risk implications of any such exceptions or gaps in coverage. Monitors due diligence process ensuring that all information has been received and is up to date meeting PNC guidelines.
- After conferring with the manager or senior analyst, correspond, either verbally or in writing, as necessary with borrowers, insurance agents, and insurance companies to resolve any issues or discrepancies related to insurance.
- With direction from the manager or senior analyst, interact with internal departments as needed to resolve any issues or discrepancies related to insurance.
- Assists manager or senior analyst in making recommendations on insurance decisions. Act as first line of defense, supports risk management, compliance, and audit needs as necessary.
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.
Agile Analysis, Analytical Thinking, Cost Controls, Decision Making, Documentations, Due Diligence, Equities, Reviewing ContractsDecision Making and Critical Thinking, Effective Communications, Negotiating, Process Management, Risk AssessmentRoles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. 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