Commercial Underwriter III- Health Systems & Public Finance
About the position
As a Commercial Underwriter III within PNC's Centralized Commercial Underwriting Group, you will play a critical role in the underwriting process for commercial loans, particularly focusing on healthcare systems and public finance. This position allows for remote work from specific locations including Raleigh, Chicago, Cleveland, Austin, or Philadelphia, providing flexibility while ensuring that you can operate from a quiet and confidential space. You will work independently with minimal oversight, exercising elevated approval authority and preparing loan offerings for a variety of transactions, regardless of their complexity. Your expertise will be essential in managing a portfolio and interacting with both internal and external customers, where you will serve as a subject matter expert for certain asset classes. In this role, you will utilize your independent judgment to identify risks and mitigants, preparing offerings and scorecards that include risk ratings by analyzing credit, collateral strength, and the financial worthiness of loan or transaction parties. You will also be responsible for ongoing credit risk management for your assigned portfolio, which may involve coaching and reviewing the work of other underwriters, as well as stepping in for the manager when necessary. Your responsibilities will include contacting customers and other parties to gather information, clarifying any inconsistencies, and ensuring compliance with all external regulatory requirements while adhering to internal policies and procedures. The position requires a university degree and at least 3 years of relevant experience in commercial underwriting, with a strong emphasis on financial analysis and credit knowledge. While certifications are often desired, a combination of education and experience may be considered in lieu of a degree. PNC values customer focus and risk management, expecting employees to align their decisions with customer needs and the company's Enterprise Risk Management Framework.
Responsibilities
Prepare loan offerings for various types of transactions, managing complexity and portfolio assignments.
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Interact with internal and external customers, serving as a subject matter expert for specific asset classes.
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Utilize independent judgment to identify risks and mitigants, preparing offerings and scorecards including risk ratings.
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Perform ongoing credit risk management for assigned portfolios, coaching and reviewing the work of other underwriters as needed.
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Contact customers and other parties to gather information and clarify inconsistencies or missing information.
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Ensure compliance with external regulatory requirements and adherence to internal policies and procedures.
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Make recommendations on credit decisions or make credit decisions directly as appropriate.
Requirements
3+ years of commercial underwriting experience.
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Experience working with loan exposures of up to $10 million.
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Strong financial analysis skills within commercial underwriting.
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Strong credit knowledge and/or related formal training.
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Experience analyzing commercial loans within the healthcare systems and/or public finance area is highly desirable.
Nice-to-haves
Credit Decisions
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Customer Needs
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Decision Making
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Financial Analysis
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Identifying Risks
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Process Improvements
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Results-Oriented
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Risk Assessments
Benefits
Medical/prescription drug coverage with a Health Savings Account feature
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Dental and vision options
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Employee and spouse/child life insurance
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Short and long-term disability protection
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401(k) with PNC match
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Pension and stock purchase plans
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Dependent care reimbursement account
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Back-up child/elder care
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Adoption, surrogacy, and doula reimbursement
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Educational assistance, including select programs fully paid
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Robust wellness program with financial incentives
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Paid maternity and/or parental leave
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Up to 11 paid holidays each year
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8 occasional absence days each year
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15 to 25 vacation days each year, depending on career level and years of service.
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