Credit Underwriter

Job Description for Credit Underwriter:

The role of a Credit Underwriter involves autonomously assessing, preparing, and recommending credit decisions for commercial lending transactions. Additionally, you will be responsible for managing a client portfolio, evaluating risk factors, and ensuring compliance with internal guidelines and regulatory standards.

Responsibilities:

• Demonstrates self-reliance with minimal oversight and utilizes enhanced authorization discretion.
• Formulates loan offerings for transactions of any complexity, or administers a specific investment portfolio.
• Communicates with both internal and external customers and provides expertise in particular asset categories.
• Tasked with overseeing special projects or assignments for the department.
• Demonstrates independent analysis in identifying potential risks and their alleviation methods; compiles loan documentation and/or evaluation metrics by assessing the creditworthiness, collateral strength, and financial viability of loan applicants or entities engaged in the lending process.
• Conducts regular credit risk management for the designated portfolio as appropriate.
• Oversees and critiques the responsibilities carried out by other underwriters, delivering managerial support when needed.
• Engages with both internal and external customers to obtain information or resolve inconsistencies, inaccuracies, or missing information.
• Executes pre-approval and post-approval tasks while maintaining adherence to internal policies.
• Confirms and validates all external regulatory mandates.
• Advises on credit judgments or sanctions credit determinations appropriately.

Qualifications & Experience:

• The typical criteria involve holding a Bachelor’s degree and having 3 or more years of pertinent industry experience. Candidates with certifications are often favored.
• Rather than a traditional degree, a corresponding assortment of education, certifications, and hands-on experience (such as military background) could be viewed as equivalent.
• Essential proficiencies include credit assessment, financial scrutiny, risk identification, process refinement, decision-making skills, risk evaluation, and an emphasis on achieving results.
• Key competencies include the ability to be accurate and attentive to details, coaching and guiding others, analyzing and verifying credit, making informed decisions and employing critical thinking, communicating effectively, understanding underwriting principles, prioritizing tasks effectively, utilizing office tools, and executing operational tasks.
• Formal certifications or licenses are optional.

Benefits:

PNC provides a broad range of perks, which consist of:

• Inclusive plans that cover medical treatments, prescription drugs, dental procedures, and vision care, with the added option of selecting a Health Savings Account (HSA)
• Employers often include family members in the insurance coverage they provide to their employees
• Coverage for short- and long-term disabilities
• At PNC, employees can enroll in a 401(k) plan that includes a matching program, a pension fund, and stock purchase opportunities
• Dependency care repayment and temporary child or elder care solutions
• Remuneration for adoption, surrogacy, and doula support
• Aid for educational pursuits, which may involve fully paid programs
• Wellness campaigns offering financial perks
• Benefits include paid time away from work, which encompasses maternity and parental leave, 11 holidays, 8 days for unplanned absences, and 15-25 vacation days, adjusted according to the employee's rank and time with the organization

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