Underwriting Manager I - Tax Credit Solutions

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 Underwriting Manager within PNC's Tax Credit Solutions organization, you will be based in Boston, MA, Cleveland, OH, Louisville, KY or Portland, OR.

Tax Credit and/or Affordable Housing is required.

Job Description

• Supervises a team of underwriters and/or underwriting analysts. Provides mentoring, training, advising and assistance to their team during the underwriting process.
• Supervises and serves as a point of escalation to staff in performing underwriting responsibilities. Oversees work product quality of team, including satisfying portfolio metrics as applicable. Manages workflow of the team.
• Builds ongoing relationships with internal/external customers and other parties.
• Ensures compliance with all external regulatory requirements and internal policies/procedures. Provides recommendations for process improvement and participates in special initiatives.
• Coaches and develops underwriters. Leads team's performance, training, hiring and development.
• Knowledge of IRS Code Section 42 and 47, equity structures and documentation, market research (including onsite inspections and market comp analysis, and 3rd party or external guidelines.

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.

PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:

• Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
• Live the Values - Role models our values with transparency and courage.
• Enable Change - Takes action to drive change and innovation that will transform our business.
• Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
• Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.

Competencies

Credit Analysis and Verification – Knowledge of and ability to utilize tools, techniques and practices for determining the credit-worthiness of an applicant.

Decision Making and Critical Thinking – Understanding of the issues related to the decision-making process ability to analyze situations fully and accurately, and reach productive decisions.

Knowledge of Underwriting – Knowledge of the full spectrum of underwriting activities, practices, tools and considerations, and the ability to utilize these to manage the underwriting process.

Market Research – Knowledge of and ability to use tools and techniques for collecting, collating and analyzing information on existing or potential markets in order to meet market needs.

Real Estate Development – Knowledge of real estate development ability to manage different aspects of the real estate development function, including business development, methods of real estate, and operational processes.

Real Estate Practice – Knowledge of specializations, tools, practices and regulations within the real estate industry ability to operate a real estate enterprise to achieve business success.

Real Estate Property Data Analysis – Knowledge of and ability to utilize diverse data analysis processes, techniques and tools in order to analyze, interpret and manage property related data.

Real Estate Sales Closings and Agreements – Knowledge of the processes, techniques and requirements for formal decision-making ability to reach an agreement on and close transactions for real properties.

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 5 years of industry-relevant experience. At least 3 years of prior management experience is typically required. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Education

Bachelors

Additional Job Description

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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