Job Description

Job Profile

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 Consultant within PNC’s Midland Loan Servicing organization, you can be based in several platforms across the bank’s footprint.

Midland’s Real Estate Solutions 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. Midland has the flexibility to hire an Asset Manager, Asset Manager Senior, and Asset Manager Consultant.


As an Asset Manager Consultant, you will have a range of responsibilities including:

•Directly managing a portfolio of complex transitional commercial real estate projects including adaptive reuses of existing properties, stabilization of properties undergoing renovation/re-fitting, and/or out of the ground construction projects,
• Preparation and delivery of high-quality quarterly asset reviews for various equity investors and balance sheet lenders.
•Demonstrating deep portfolio knowledge and being an active participant in weekly client calls and daily interactions
•Identifies process improvement opportunities and may create and update policies and procedures as necessary.
•Engages in frequent verbal and written communication with internal and external parties which may include, high touch customers and their representatives, outside counsel, agencies, special servicers, and investors.


As a Senior Asset Manager, you will have a range of responsibilities including:

•Proactively monitoring key performance indicators, critical dates, and covenant performance of underwritten business plans
•Reviewing complex borrower requests and developing recommendations for client approval,
•Reviewing and processing construction draws or future funding requests for client approval and providing advice in complex construction lending scenarios
•Reviews and processes customer requests related to the servicing of assets, monitors watch list assets, and may transfer assets to special servicing area.
•Prepare and present cases for approval as designated and makes suitable recommendations to leadership.


As an Asset Manager, you will have a range of responsibilities including:

•Evaluating asset or customer's cash flows, balance sheet, long-term business plans and other relevant financial information.
•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.
•Oversees portfolios and/or customer request of high complexity and performs transaction analysis.
•May perform or coordinate inspections and complete reports.
•Interprets loan documents, servicing agreements and transaction deal structure.
•May perform risk ratings, create investor reports, and escalate issues accordingly, and manage credit risk and compliance documentation.
•Reviewing and processing construction draws or future funding requests for client approval and providing advice in complex construction lending scenarios
•Reserve administration.

In each role, your days will be filled with a variety of tasks in an environment that values teamwork, open communication, cutting-edge employee training and career development. The hours follow a basic workweek, while allowing for flexibility depending on the needs of our clients, as well as the balance of your workgroup.

Job Description

• Oversees portfolios and/or customer request of high complexity and performs transaction analysis.
• 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 and makes suitable recommendations to leadership. 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. Identifies process improvement opportunities and may create and update policies and procedures as necessary.
• Engages in frequent verbal and written communication with internal and external parties which may include, high touch 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.

Competencies

Data Gathering and Reporting – Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

Decision Making and Critical Thinking – Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.

Effective Communications – Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Statement Analysis – Knowledge of tools, techniques, and practices, and ability to analyze and determine the credit-worthiness of a business enterprise through its financial statements.

Investment Reporting – Knowledge of and ability to use methods, processes, and tools for creating and maintaining accurate and thorough investment reports.

Managing Multiple Priorities – Ability to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

Market Risk – Knowledge of processes, tools, and techniques used for analyzing market risk; ability to assess and manage investment exposures to market risk.

Negotiating – Knowledge of successful negotiation concepts and techniques; ability to negotiate successfully across the organization and with external vendors and clients in a constructive and collaborative manner.

Problem Solving – Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply this knowledge appropriately to diverse situations.

Regulatory Environment - Financial Services – Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Work Experience

Roles 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 and experience (including military service) may be considered.

Education

Bachelors

Additional Job Description

Benefits