Underwriter III - REB - Commercial Real Estate

Position Overview

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 III within PNC's Commercial Real Estate organization, you will be based in the posted locations listed on this requisition.

• Evaluates new CRE loans by analyzing borrower financials, property performance and credit risk
• Works independently with little or no oversight and exercises exception and elevated approval authority
• Prepares loan offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned
• Interacts with internal and external customers, provides recommendations for credit structuring and serves as a subject matter expert for certain asset classes
• Uses independent judgment to identify risks and mitigants, prepares 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, and may coach or review the work of other underwriters and fill in for manager as required
• Contacts customers and other parties to gather information, clarify inconsistencies, and ensure all external regulatory requirements are identified and confirmed
• Ensures internal policies and procedures are followed and makes recommendations or decisions on credit directly as appropriate
• Applies knowledge of IRS Code Section 42 and 47, equity structures, market research, onsite inspections, market comp analysis, and third‑party or external guidelines

• Knowledge of multifamily and/or student housing, industrial, retail, and hotel asset types and underwriting
• Real estate market analysis, financial modeling, loan documentation skills

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role with the following competencies and experience.

• Accuracy and attention to detail
• Coaching others
• Credit analysis and verification, decision making and critical thinking
• Knowledge of underwriting and managing multiple priorities
• Market research, real estate development, practice, and property data analysis
• Real estate sales closings and agreements, regulatory environment in financial services
• Roles at this level typically require a university or college degree with 3+ years of relevant or direct industry experience; certifications are often desired

Base Salary: $55,000.00 – $. 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.

• 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 and back‑up child/elder care
• Adoption, surrogacy, and doula reimbursement
• Educational assistance, including select programs fully paid
• Robust wellness program with financial incentives
• Paid time off including maternity and/or parental leave, up to 11 paid holidays, 9 occasional absence days, and 15–25 vacation days depending on career level and years of service

PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law. This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

If an accommodation is required to participate in the application process, please contact us via email at ___ and include “accommodation request” in the subject line along with your name, the job , and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call ___ and say “Workday” for accommodation assistance.

All information provided will be kept confidential and used only to the extent required to provide needed reasonable accommodations.