Senior Asset Manager - LIHTC

PNC Financial Services Group; Louisville (KY); On-site; USD 75,000 - 150,000; Full time

Benefits offered by this job

Medical/prescription coverage with HSA

Dental and vision options

Life insurance for employee and family

Disability protection

401(k) with company match

Pension and stock purchase plans

Generous vacation and holidays

Job summary

PNC Financial Services Group in Louisville, KY is seeking a Senior Asset Manager in the Multifamily Capital organization. You will manage LIHTC investments lifecycle, monitor performance, assess risk, and provide strategic oversight to meet investment objectives.

The role requires strong knowledge of affordable housing, construction management, and portfolio risk. This is an in-office position with collaboration across teams; visa sponsorship is not available.

Qualifications

• 3+ years of relevant/direct industry experience.
• Bachelor’s degree required; certifications often desired.
• Strong knowledge of affordable housing and credit/portfolio risk.

Responsibilities

• Oversees portfolios and borrower requests for securitized CMBS, Agency, SFR, SASB, or other loans.
• Analyzes property operating statements, financials, covenants, and market data.
• Evaluates credit risk and proposes mitigants with CRE expertise.
• Prepares formal recommendations for approval per authority levels.
• Communicates with borrowers, counsel, rating agencies, and investors.
• Collaborates with internal partners to drive cross-department decisions.

Skills

Asset management

Decision making

Financial accounting

Financial management

General ledger

Investment management

Revenue recognition

Education

Bachelor's degree

Job description

Job Profile

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 Senior Asset Manager within PNC's Multifamily Capital organization, you will be based in Louisville, KY ; Charlotte, NC ; Boston, MA; or Minneapolis, MN.

Position Overview

This role is responsible for the asset management of Low-Income Housing Tax Credit (LIHTC) investments throughout the entire lifecycle, from construction through disposition. The Senior Asset Manager serves as the equity partner's representative, monitoring asset performance, evaluating both equity and credit risk, conducting site inspections, and providing strategic oversight to help ensure investment objectives are achieved. Strong knowledge of affordable housing, construction management, and portfolio risk assessment is essential.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description

• Oversees portfolios and Borrower requests of medium to high complexity for securitized CMBS, Agency, SFR, SASB or other portfolios comprised of loans secured by income producing commercial real estate.


• Analyze various financial reports, including property operating statements, loan guarantor financials, loan level covenants and market economic data. Review and interpret complex loan documents and servicing agreement requirements.


• Evaluates credit risk and proposes risk mitigants using an advanced level of knowledge of commercial real estate, industry terminology and real estate capital markets while adhering to established procedures.


• Prepares and presents formal recommendations for approval in accordance with applicable delegations of authority.


• Engages in frequent verbal and written communication with external parties on complex matters, which may include borrowers and their representatives, internal and external legal counsel, rating agencies, special servicers, and investors.


• Collaborates effectively with internal business partners and leverages commercial real estate expertise to drive cross-departmental decision making.


• Actively involved in process improvement initiatives and special departmental projects.

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.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

Preferred Skills

Asset Management, Decision Making, Financial Accounting, Financial Management, General Ledger (GL), Investment Management, Revenue Recognition

Competencies

Data 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 Services

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, job specific certification(s), and experience (including military service) may be considered.

Education

Bachelors

Certifications

No Required Certification(s)

Licenses

No Required License(s)

Language Assessments

No Required or Preferred Language Assessments

Pay Transparency

Base Salary: $75,000.00 - $150,000.00

Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.

Application Window

Generally, this opening is expected to be posted for two business days from 10/27/2026, although it may be longer with business discretion.

Benefits

• Medical/prescription drug coverage (with a Health Savings Account feature)


• Dental and vision options


• Employee and spouse/child life insurance


• Short and long-term disability protection


• 401(k) with PNC match, pension and stock purchase plans


• Dependent care reimbursement account


• Back-up child/elder care


• Adoption, surrogacy, and doula reimbursement


• Educational assistance, including select programs fully paid


• A robust wellness program with financial incentives

• Maternity and/or parental leave


• Up to 11 paid holidays each year


• 9 occasional absence days each year, unless otherwise required by law


• Between 15 to 25 vacation days each year, depending on career level


• Years of service

To learn more about these and other programs, including benefits for full time and part-time employees, visit pncthrive.com.

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at [e-mail]. Please include 'accommodation request' in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say \"Workday\" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

Equal Employment Opportunity (EEO)

PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

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 Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.