Onsite Senior Special Assets Manager – Special Servicing

Posted 1 hour ago

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About the role

  • Senior Special Assets Manager managing distressed commercial real estate loans within the Midland organization at PNC. Collaborating with business partners to optimize asset resolution and mitigate losses.

Responsibilities

  • Manages routine special serviced loans and/or portfolios of customers of medium complexity and performs transaction analysis with the goal of minimizing losses and optimizing resolution.
  • Gathers financial data, prepares analysis and develops workout strategy and alternatives for a portfolio.
  • Reviews relevant documents and transaction deal structure.
  • Negotiates workout options with customers to reduce risks and losses.
  • Works with internal and external business partners and borrowers to better secure collateral coverage.
  • Adheres to established policies, procedures and regulations.
  • Evaluates asset or customer's cash flow, balance sheet, long-term business plans, and other relevant financial information.
  • Performs site inspections for properties managed by special assets.
  • Works with internal and external business partners, which may include outside counsel, on negotiations and documentation to mitigate risk.
  • May serve as a mentor to peers.

Requirements

  • 3+ years of relevant / direct industry experience
  • Bachelors
  • Accuracy and Attention to Detail
  • Analytical Thinking
  • Credit Analysis and Verification
  • Customer Interaction
  • Effective Communications
  • Financial Statement Analysis
  • Negotiating
  • Portfolio Management
  • Problem Solving
  • Regulatory Environment - Financial Services

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
  • a robust wellness program with financial incentives
  • maternity and/or parental leave
  • up to 11 paid holidays each year
  • 9 occasional absence days each year, unless otherwise required by law
  • between 15 to 25 vacation days each year, depending on career level; and years of service

Job title

Senior Special Assets Manager – Special Servicing

Job type

Experience level

Senior

Salary

Not specified

Degree requirement

Bachelor's Degree

Location requirements

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