Portfolio Analytics & Strategy Analyst Senior - Real Estate Market Analytics

PNC Financial Services Group, Inc.; Chicago (IL); Presencial; USD 100.000 - 140.000; Jornada completa

Descripción de la vacante

PNC is seeking a Senior Portfolio Analytics & Strategy Analyst within the REMA group to vet real estate collateral for loans prior to appraisals. The role emphasizes analyzing forward-looking market data and forecasting absorption, vacancy and rents using leading datasets.

You will work with cross-functional teams including relationship managers, underwriters and credit officers to build concise asset views and present findings to senior loan committees.

Formación

• Strong understanding of how local sub-market performance is impacted by macro trends and how to forecast supply and demand trends.
• Experience vetting real estate collateral for loans and understanding market data sources.

Responsabilidades

• Vet real estate collateral for potential and existing PNC loans prior to third-party appraisals.
• Cross-check forward-looking developer proformas with market performance using data sources (CoStar, CBRE-EA, MSCI, Yardi Matrix) and forecast absorption, vacancy, rent, rent growth and concessions.
• Assess property types including multifamily, office, retail, industrial, mixed-use, senior/student housing, tax credit and lodging; perform macro-level data analysis for portfolio reviews.
• Communicate with relationship managers, underwriters and credit officers; present summaries to the senior loan committee with the deal team.
• Support other REMA tasks such as asset valuations reconciliation and quarterly sector studies.

Herramientas

CoStar

CBRE-EA

MSCI

Yardi Matrix

Descripción del empleo

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. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a(n) [position title] within PNC's [name of division] organization, you will be based in [city/state location of position].

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. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a Portfolio Analytics & Strategy Analyst Senior within PNC's Data, Modeling & Analytics Real Estate Market Analytics organization, you will be based in Pittsburgh, PA, Chicago, IL or Cleveland, OH.

As a Portfolio Analytics & Strategy Analyst within the Real Estate Market Analytics (REMA) group you will be responsible for vetting real estate collateral for potential and existing PNC loans prior to ordering a third‑party appraisal. Emphasis is placed on prospective asset performance due to a large level of new construction lending. Analyst will cross‑check forward‑looking developer proformas with existing market performance using industry leading data sources such as CoStar, CBRE‑EA, MSCI, Yardi Matrix etc. and forecast future results. Forecasts include absorption (during lease‑up), stabilized vacancy, market rent, rent growth, and concessions. Analyst must have a strong understanding of how local sub‑market performance is impacted by both MSA/regional and national economic trends and how to forecast appropriate market supply and demand trends.

In addition to the primary real estate types (i.e., multifamily, office, retail, & industrial), the analyst will evaluate mixed use, senior housing, student housing, tax credit, and lodging properties. While the analyst will focus largely on property level research for individual deals, macro‑level industry data analysis is also routinely required for review and reporting of PNC portfolio performance or for macroeconomic reviews. The analyst will serve internal customers; the ability to multi‑task and communicate timely and effectively with relationship managers, underwriters, and credit officers is instrumental in allowing PNC to develop an accurate picture of an asset and to issue competitive term sheets to gain new business. As part of the review, interviews of market experts, customers, brokers, leasing agents, and appraisers to get local views on the market are incorporated into the analysis. The analyst then writes a clear and concise summary of the supportive data and analysis for their conclusions/forecasts and presents to senior loan committee in conjunction with the deal team.

Other functions of the REMA group that the analyst may work on include criticized asset valuations, reconciling appraisal findings to internal underwriting, and quarterly sector studies. Appraisal, brokerage, real estate research, urban planning, macroeconomics, real estate property management, lending