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 a(n) Underwriter IV within PNC's FHA organization, you will be based preferably in San Francisco, CA. However an alternate location will be considered.
*Job Profile :
Works independently with little or no oversight. Exercises exception and elevated approval authority. Prepares offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned. Interacts with internal/external customers. Provides recommendations for credit structuring. Serves as subject matter expert for certain asset classes. Serves as a coach, work lead and trainer for the group.
Using independent judgment to identify risks and mitigates, prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio. Coaches and/or reviews the work of other underwriters and fills in for manager as required.
Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information. May perform relevant pre-approval and post-approval activities.
Identifies and/or confirms all external regulatory requirements. Ensures internal policies/procedures are followed.
Makes recommendations on credit decisions or makes credit decisions directly, as appropriate.
Knowledge of IRS Code Section 42 and 47, equity structures and documentation, market research (including onsite inspections and market comp analysis), and 3rd party or external guidelines.
Leadership Competencies :
Core Competencies :
Manages Risk - Working Experience
Assesses and effectively manages all of the risks associated with their business objectives and activities to ensure activities are in alignment with the bank's and unit's risk appetite and risk management framework.
Customer Focus - Extensive Experience
Knowledge of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions, and ability to leverage that information in creating customized customer solutions.
Job Specific Competencies :
Decision Making and Critical Thinking - Extensive Experience
Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.
Coaching Others - Working Experience
Knowledge of coaching concepts and methods; ability to encourage, motivate, and guide individuals or teams in learning and improving effectiveness.
Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Accuracy and Attention to Detail - Extensive Experience
Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy.
Credit Analysis and Verification - Extensive Experience
Knowledge of and ability to utilize tools, techniques and practices for determining the credit-worthiness of an applicant.
Regulatory Environment - Financial Services - Working Experience
Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.
Market Research - Extensive Experience
Knowledge of and ability to use tools and techniques for collecting, collating and analyzing information on existing or potential markets in order to meet market needs.
Knowledge of Underwriting - Extensive Experience
Knowledge of the full spectrum of underwriting activities, practices, tools and considerations, and the ability to utilize these to manage the underwriting process.
Real Estate Practice - Working Experience
Knowledge of specializations, tools, practices and regulations within the real estate industry; ability to operate a real estate enterprise to achieve business success.
Real Estate Development - Extensive Experience
Knowledge of real estate development; ability to manage different aspects of the real estate development function, including business development, methods of real estate, and operational processes.
Real Estate Property Data Analysis - Extensive Experience
Knowledge of and ability to utilize diverse data analysis processes, techniques and tools in order to analyze, interpret and manage property related data.
Real Estate Sales Closings and Agreements - Working Experience
Knowledge of the processes, techniques and requirements for formal decision-making; ability to reach an agreement on and close transactions for real properties.
CA - San Francisco
DC - Washington DC
IL - Chicago
TX - Dallas
PA - Pittsburgh
CA - Los Angeles
MO - St. Louis
Roles at this level typically require a 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 and experience (including military service) may be considered.
Experienced FHA Underwriting skills with focus on HUD's 232 Healthcare program Experience with HUD LEAN Underwriting
Internal Number: 290078BR
About PNC Financial Services, Inc.
The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States with assets of $361 billion as of March 31, 2016. Operating primarily in 19 states and the District of Columbia, PNC is organized around its customers and communities for strong relationships and local delivery of retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.