Balance Sheet Associate

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 a Balance Sheet Associate within PNC's Finance organization, you will be based in Pittsburgh, Pa.

This position is primarily based in a location within PNC’s footprint. Preferred locations are listed in this requisition. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities can be performed remotely. Additional locations may be considered.


Job Responsibilities:

• Highly technical role requiring strong analytical skills to be leveraged in financial modeling of cash flows related to commercial mortgage servicing rights (CMSR). Candidate will be engaged in computational valuations analyses as well as monitoring and analysis of the commercial real estate loan portfolio.
• Leads financial and modeling analysis for CMSR bidding, conducts research and prepares reports, coordinates deliverables with business development. Performs due diligence and statistical analysis related to the balance sheet. Participates in stress testing efforts and supports model development.
• Researches and collects information for PNC's Balance Sheet.
• Analyzes, reviews and presents risk analytics including documentation and templates to senior team members.
• Data preparation and management to support various modeling activities, including the use, maintenance, and enhancement of data automation tools.
• Partners with lines of business in understanding specific line items of PNC’s balance sheet and income statements.

Job Description

• Leads financial analysis, conducts research and prepares reports. Performs due diligence and statistical analysis related to the Balance Sheet. Participates in stress testing efforts.
• Based on own discretion, researches and collects information for PNC's Balance Sheet.
• Reviews and presents risk analytics/stress testing material including documentation and templates to senior team members for federal submission.
• Prepares and aggregates data for modeling activities. Reconciles and performs quality review of data.
• Partners with lines of business in understanding specific line items of PNCs balance sheet and income statements.

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.

Competencies

Accuracy and Attention to Detail – Understanding of the necessity and value of accuracy and attention to detail ability to process information with high levels of accuracy.

Asset and Liability Management (ALM) – Knowledge of asset and liability tools, techniques and business practices ability to manage, measure, and monitor risks associated with assets and liabilities.

Data Gathering and Reporting – Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

Effective Communications – Understanding of effective communication concepts, tools and techniques ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Analysis – Knowledge of and ability to read, interpret and draw accurate conclusions from financial and numerical material.

Financial Forecasting and Modeling – Knowledge of and ability to use processes, tools, and techniques for exploring and evaluating alternative financial scenarios and results.

Financial Services Industry – Knowledge of financial services industry trends, directions, major issues, regulatory considerations and trendsetters ability to provide specific financial knowledge and experience to help organizational development.

Market Risk – Knowledge of processes, tools, and techniques used for analyzing market risk ability to assess and manage investment exposures to market risk.

Regulatory Environment - Financial Services – Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Work Experience

Roles at this level typically require a university / college degree, with 2 years of relevant professional experience. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Education

Bachelors

Additional Job Description

Base Salary: Commensurate with skills and experience.

Benefits

Disability Accommodations Statement:

The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@pnc.com. 

The Human Resources Service Center hours of operation are Monday - Friday 9:00 AM to 5:00 PM ET.

Equal Employment Opportunity (EEO):

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.

California Residents

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