Senior Asset Manager, Tax Credit

$55,000 - $134,550/Yr

PNC

Part-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 requires a deep understanding of transaction analysis and the ability to review and process customer requests related to asset servicing. You will monitor watch list assets and may transfer assets to the special servicing area as needed. Your responsibilities will include preparing and presenting cases and approval memoranda for leadership, making suitable recommendations, and managing reserve administration. Additionally, you may perform or coordinate inspections and complete reports to ensure compliance and operational efficiency. 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 operations. You will interpret loan documents and servicing agreements, perform risk ratings, create investor reports, and escalate issues as necessary. Managing credit risk and compliance documentation will be a key part of your responsibilities, along with identifying process improvement opportunities and updating policies and procedures as required. Frequent communication with internal and external parties, including high-touch customers, outside counsel, agencies, special servicers, and investors, will be essential to your success in this position. At PNC, we pride ourselves on our reputation and expect our employees to be customer-focused, knowledgeable about aligning customer needs with business decisions, and capable of managing risks effectively. This role is based in one of several locations, including Portland, Boston, Dallas, Louisville, Pittsburgh, or Chicago, with the possibility of considering other locations within PNC's footprint.

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 approval.
• Manage reserve administration and coordinate inspections and reports.
• Review financial statements, market, and economic data to assess impacts on operations.
• Interpret loan documents and servicing agreements.
• Perform risk ratings and create investor reports, escalating issues as necessary.
• Manage credit risk and compliance documentation.
• Identify process improvement opportunities and update policies and procedures as necessary.
• Engage in frequent communication with internal and external parties.

Requirements

• University/college degree with 3+ years of relevant industry experience.
• Knowledge of asset management, financial accounting, and investment management.
• Ability to gather and report data effectively.
• Strong decision-making and critical thinking skills.
• Effective communication skills, both verbal and written.
• Experience in financial statement analysis and investment reporting.
• Ability to manage multiple priorities and negotiate effectively.

Nice-to-haves

• Asset Management
• Decision Making
• Financial Management
• General Ledger (GL)
• Revenue Recognition

Benefits

• Medical/prescription drug coverage with 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.