Key skills
CommunicationTime Management
About this role
Role Overview
- Responsible for covenant monitoring and testing to safeguard the Lenders’ cashflow and collateral as prescribed by the related loan documents
- Reading and interpreting commercial real estate loan documents
- Analyzing financial statements
- Communicating with borrowers regarding financial test results and any further action required
- Performing quality control reviews on relevant testing that requires any action to be taken
- Applying specialty product knowledge to the day-to-day servicing of a portfolio of commercial real estate loans
- Supporting the day-to-day servicing of a portfolio of commercial real estate loans, ensuring compliance with loan document
- Reviewing and processing loan payments, escrows and reserve account disbursements
- Assisting in the preparation of periodic reporting including investor, internal and regulatory reports
- Performing covenant compliance testing
- Maintaining accurate and up-to-date loan servicing records in the servicing system
- Supporting the onboarding of new loans and the transition of paid-off or transferred loans
- Performing collection activities on delinquent accounts
Requirements
- Experience with financial statements is preferred
- Strong communication skills
- Time management skills
- Attention to detail
- Organizational skills
- Analytical Thinking
- Capital Management
- Compliance Requirements
- Documentations
- Due Diligence
- Loan Documentation
- Regulatory Compliance
- Risk Mitigation Strategies
- University/college degree with < 1 year of professional experience and/or successful completion of a formal development program
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