Underwriter IV - BBLC

PNC; Denver (CO); Hybrid; USD 91,000 - 203,000; Full time

Job summary

PNC seeks an Underwriter IV in the Business Banking Lending group to lead CRE underwriting and credit structuring for complex real estate transactions. You will analyze cash flows, DSCR, LTV and sponsor strength while ensuring policy and profitability alignment.

You will collaborate with internal and external customers, coach junior staff, and drive credit decisions. Remote work may be approved in select locations with some in-office participation.

Qualifications

• 5+ years of industry-relevant underwriting experience.
• Bachelor's degree required; alternative qualifications may be considered.
• Strong financial analysis and risk assessment skills.

Responsibilities

• Prepare offerings for complex transactions and manage a portfolio as assigned.
• Perform credit risk analysis and identify risks and mitigants.
• Lead underwriter reviews and coach junior staff as needed.
• Interact with internal/external customers to gather information.
• Make credit recommendations or decisions as appropriate.
• Ensure adherence to policy, regulatory requirements.
• Communicate with stakeholders and manage approvals.

Skills

Credit Decisions

Decision Making

Financial Analysis

Identifying Risks

Process Improvements

Results-Oriented

Risk Assessments

Education

Bachelors

Job description

CO Salary Range: USD 91,000.00 - 202,800.00 per year

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 IV within PNC's Business Banking Lending organization.

Additional Details:

• Demonstrates advanced Commercial Real Estate (CRE) underwriting expertise, with the ability to independently analyze complex real estate transactions and structure appropriate credit facilities. Evaluates property cash flows, debt service coverage, loan-to-value ratios, market and tenant risks, sponsorship strength, and repayment capacity to identify key risks and mitigants. Leverages this expertise to recommend loan structures, covenants, and credit enhancements that appropriately balance risk and profitability while aligning with bank policy, regulatory requirements, and borrower objectives.

This position may be eligible for remote work in select geographic locations, subject to approval by PNC. If approved, work must be conducted from a quiet, secure, and confidential home-based workspace. Occasional in-office participation may be required based on business needs.

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

Job Description

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.

Uses independent judgment to identify risks and mitigants and to prepare 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, if relevant. 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 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 and procedures are followed.

Makes recommendations on credit decisions or makes credit decisions directly, as appropriate.

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

Preferred Skills

Credit Decisions, Decision Making, Financial Analysis, Identifying Risks, Process Improvements, Results-Oriented, Risk Assessments

Competencies

Accuracy and Attention to Detail, Coaching Others, Credit Analysis and Verification, Decision Making and Critical Thinking, Effective Communications, Financial Analysis, Knowledge of Underwriting, Managing Multiple Priorities, Office Support Tools, Operational Functions

Work Experience

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, 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: $91,000.00 - $202,800.00

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 08/19/2026, although it may be longer with business discretion.

Benefits

PNC offers a comprehensive ra