Senior Asset Manager, Tax Credit

$55,000 - $134,550/Yr

PNC

Full-time - Mid Level

Credit Intermediation and Related Activities

About the position

As a Senior Asset Manager within PNC's Tax Credit organization, you will play a crucial role in overseeing portfolios and managing customer requests of high complexity. This position involves performing detailed transaction analysis and reviewing customer requests related to the servicing of assets. You will monitor watch list assets and may transfer assets to the special servicing area as necessary. Your responsibilities will include preparing and presenting cases and approval memoranda for leadership, along with making suitable recommendations based on your findings. Additionally, you will be involved in reserve administration and may coordinate inspections and complete reports as required. In this role, you will review financial statements related to the assets, as well as market and economic data, to assess the economic and compliance impacts on asset operations. You will interpret loan documents and servicing agreements, perform risk ratings, create investor reports, and manage credit risk and compliance documentation. Identifying process improvement opportunities will be a key part of your responsibilities, and you may be tasked with creating and updating policies and procedures as necessary. Frequent communication, both verbal and written, with internal and external parties is essential. This may include high-touch customers and their representatives, outside counsel, agencies, special servicers, and investors. Your ability to manage relationships and effectively communicate will be vital to your success in this position.

Responsibilities

• Oversee portfolios and customer requests of high complexity.
• Perform transaction analysis and review customer requests related to asset servicing.
• Monitor watch list assets and transfer assets to special servicing as needed.
• Prepare and present cases and approval memoranda for leadership.
• Engage in reserve administration and coordinate inspections as required.
• Review financial statements and market data to assess economic and compliance impacts.
• Interpret loan documents and servicing agreements.
• Perform risk ratings and create investor reports.
• Manage credit risk and compliance documentation.
• Identify process improvement opportunities and update policies and procedures as necessary.
• Communicate frequently with internal and external parties, including customers and investors.

Requirements

• Bachelor's degree in a relevant field.
• 3+ years of relevant industry experience.
• Knowledge of asset management and financial accounting.
• Strong decision-making and critical thinking skills.
• Effective communication skills, both verbal and written.
• Ability to analyze financial statements and market risk.

Nice-to-haves

• Certifications in asset management or financial services are preferred.
• Experience with investment management and revenue recognition.

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.
• Robust wellness program with financial incentives.
• Paid maternity and/or parental leave.
• Up to 11 paid holidays each year.
• 8 occasional absence days each year.
• 15 to 25 vacation days each year, depending on career level and years of service.