Asset Manager - Referred Matters - Midland

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 Asset Manager within PNC's Midland organization, you will be based within the PNC Midland footprint.

R230831

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 Asset Manager within PNC's Midland organization, you will be based within the PNC Midland footprint.

As an Asset Manager, you will have a range of responsibilities including:

• Responsible for forwarding all required documentation and key loan details to the designated Special Servicer to initiate the review and processing of a borrower request.
• Collaborate closely with Special Servicers to provide context, share due diligence materials, and ensure a consistent understanding of the loan’s status and risks.
• Monitor assigned mailboxes for each Special Servicer.
• Responsible for timely updating comments on each referred matters task.
• Tracking and following up on all outstanding referred requests.
• Review, image and disseminate Special Servicer’s completed consent packages and circulate to the appropriate internal teams.
• Ensure completion of tasks related to a conditional approval from a Special Servicer.
• Process relevant fees and disbursements.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

• Oversees portfolios and/or Borrower requests of routine to medium complexity for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate.
• Analyze various financial reports, including property operating statements, loan guarantor financials, loan level covenants, and market economic data. Review and interpret complex loan document and servicing agreement provisions.
• Evaluates credit risk and proposes risk mitigants using a working knowledge of commercial real estate, industry terminology and real estate capital markets while adhering to established procedures.
• Prepares and presents formal recommendations for approval in accordance with applicable delegations of authority.
• Engages in frequent verbal and written communication with external parties which may include borrowers and their representatives, internal and external legal counsel, rating agencies, special servicers, and investors.
• Collaborates effectively with internal business partners and leverages commercial real estate expertise to assist with cross-departmental decision making.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

• Customer Focused
  - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
• Managing Risk
  - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

• Asset Management
• Decision Making
• F…