Underwriter IV - Vendor Finance

PNC - Cincinnati, OH

Part-time - Mid Level

Cincinnati, OH

Credit Intermediation and Related Activities

About the position

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 Vendor Finance organization, you will be based in Cincinnati, OH. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at the manager's discretion. This position may be available in other locations across the footprint, or possibly in a remote capacity, contingent on business need. In this role, you will work independently with little or no oversight, exercising exception and elevated approval authority. You will prepare offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned. Interacting with internal and external customers, you will provide recommendations for credit structuring and serve as a subject matter expert for certain asset classes. Additionally, you will coach, lead, and train other members of the group. Using independent judgment to identify risks and mitigants, you will prepare offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength, and financial worthiness of loan/transaction parties. If relevant, you will perform ongoing credit risk management for your assigned portfolio, coaching and reviewing the work of other underwriters and filling in for the manager as required. You will contact internal and external customers and other parties as appropriate to gather information and clarify any inconsistent, incorrect, or missing information. You may also perform relevant pre-approval and post-approval activities, ensuring that all external regulatory requirements are identified and confirmed, and that internal policies and procedures are followed. You will make recommendations on credit decisions or make credit decisions directly, as appropriate.

Responsibilities

• Work independently with little or no oversight.
• Exercise exception and elevated approval authority.
• Prepare offerings for all types of transactions at any level of complexity.
• Interact with internal/external customers.
• Provide recommendations for credit structuring.
• Serve as subject matter expert for certain asset classes.
• Coach, lead, and train other members of the group.
• Identify risks and mitigants using independent judgment.
• Prepare offerings and/or scorecards, such as risk ratings.
• Perform ongoing credit risk management for assigned portfolio.
• Contact internal/external customers to gather information.
• Perform relevant pre-approval and post-approval activities.
• Ensure compliance with external regulatory requirements and internal policies.
• Make recommendations on credit decisions or make credit decisions directly.

Requirements

• University/college degree with 5+ years of industry-relevant experience.
• Knowledge of credit analysis and verification.
• Ability to manage multiple priorities effectively.
• Strong decision-making and critical thinking skills.
• Effective communication skills.

Nice-to-haves

• Municipal Credit analysis/underwriting experience is preferred.
• Experience in financial analysis and identifying risks.
• Process improvements and results-oriented mindset.

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.
• Maternity and/or parental leave.
• Up to 11 paid holidays each year.
• 8 occasional absence days each year.
• Between 15 to 25 vacation days each year, depending on career level and years of service.