Underwriter III- Commercial

PNC; United States; Remote; USD 55,000 - 115,000; Full time

Job summary

A leading financial institution is seeking an Underwriter III - Commercial to join their Centralized Credit Products Group. The role involves preparing loan offerings, managing portfolios, and making credit decisions. The ideal candidate will have a Bachelor's degree and relevant experience in credit analysis and risk management.

Benefits

Comprehensive health coverage

401(k)

Paid time off

Wellness programs

Qualifications

• 3+ years of relevant industry experience required.
• Certifications are often desired.

Responsibilities

• Prepares loan offerings and manages a portfolio.
• Analyzes credit and financial worthiness of loan parties.
• Makes credit decisions and recommendations.

Skills

Credit Decisions

Decision Making

Financial Analysis

Risk Identification

Process Improvements

Results-Oriented

Risk Assessments

Education

Bachelor's degree

Job description

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 an Underwriter III - Commercial within PNC's Centralized Credit Products Group organization, you may be based remotely in or near Brecksville, OH.

Job Description

1. Works independently with little or no oversight. Exercises exception and elevated approval authority. Prepares loan offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned. Interacts with internal/external customers. Serves as a subject matter expert for certain asset classes, and may lead or represent the department on special projects or assignments.
2. Uses independent judgment to identify risks and mitigants, prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength, and financial worthiness of loan/transaction parties. Performs ongoing credit risk management for assigned portfolio. May coach and review the work of other underwriters and fill in for the manager as required.
3. Contacts internal/external customers and other parties to gather information and clarify inconsistent, incorrect, or missing information. Performs relevant pre-approval and post-approval activities.
4. Identifies and/or confirms all external regulatory requirements. Ensures internal policies and procedures are followed.
5. Makes recommendations on credit decisions or makes credit decisions directly, as appropriate.
6. Typically requires a university/college degree with 3+ years of relevant industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education and experience may be considered.

PNC Employees are expected to:

• Be customer focused, aligning business decisions with customer needs and satisfaction.
• Manage risks effectively, adhering to PNC's Enterprise Risk Management Framework.

Qualifications

Skills include Credit Decisions, Decision Making, Financial Analysis, Risk Identification, Process Improvements, Results-Oriented, Risk Assessments. Competencies include Accuracy, Coaching, Credit Analysis, Decision Making, Communication, Financial Analysis, Underwriting Knowledge, Multitasking, Office Tools, Operational Functions.

Work Experience

Typically requires a university/college degree with 3+ years of relevant industry experience. Certifications are often desired.

Education

Bachelor's degree required.

Certifications & Licenses

No specific certifications or licenses required.

Pay Range

Base Salary: $55,000 - $115,000, with variation based on location, skills, experience, and education. Incentive eligible.

Application Window

Open approximately two business days from 01/30/2025, subject to extension.

Benefits

Comprehensive benefits including health coverage, 401(k), paid time off, wellness programs, and more. Details available on Your PNC Total Rewards.

Disability Accommodations & EEO

For accommodations, contact [e-mail] or call 877-968-7762. PNC provides equal employment opportunities regardless of protected categories.