Associate Asset Manager - LIHTC

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 Associate Asset Manager within PNC's Multi Family Capital organization, you will be based in a PNC location. The Associate Asset Manager supports the oversight of a portfolio of Low‑Income Housing Tax Credit (LIHTC) investments on behalf of the equity partner, with a primary focus on assets in the final three years of the compliance period. This role assists Senior Asset Managers in protecting and optimizing equity value by evaluating both equity performance and credit risk across the portfolio. Key Responsibilities Review property operations, financial performance, and compliance status. Conduct site inspections and support travel‑based asset reviews. Analyze investment health, prepare internal assessments, and partner closely with senior team members. Support asset management activities across the lifecycle of LIHTC investments. Job Profile Oversees limited portfolios and routine borrower requests and inquiries for securitized CMBS, Agency, SASB, SFR or other portfolios composed of loans secured by income‑producing commercial real estate. Possesses a working knowledge of commercial real estate, industry terminology and real estate capital markets. Monitors and reports on watch‑list assets. Reviews financial statements, loan covenants, market and economic data to determine the economic and/or compliance impact. Assesses property inspections for watch‑list determinations and escalates to internal partners. Reviews and responds to external party inquiries related to the assigned portfolios while adhering to established compliance procedures. Collaborates effectively with internal business partners to aid cross‑departmental decision making. Employee Expectations Customer Focused – Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions. Managing Risk – Effectively manages all risks associated with business objectives and activities to ensure adherence to PNC’s Enterprise Risk Management Framework. Qualifications Successful candidates must demonstrate appropriate knowledge, skills, and abilities for this role. Preferred Skills: Asset Management, Decision Making, Financial Accounting, Financial Management, General Ledger (GL), Investment Management, Revenue Recognition. Competencies: Accuracy and Attention to Detail, Data Gathering and Reporting, Decision Making and Critical Thinking, Effective Communications, Financial Statement Analysis, Flexibility and Adaptability, Investment Reporting, Market Risk, Regulatory Environment – Financial Services. Work Experience: Roles at this level typically require a university/college degree with Education: Bachelor’s degree. Certifications: None required. Licenses: None required. Compensation Base Salary: $45,000.00 – $105,000.00. Salaries may vary based on geographic location, market data and individual skills, experience, and education. This role is incentive eligible with payment based upon company, business and/or individual performance. Benefits PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full‑time employees include 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), and a robust wellness program with financial incentives. In addition, PNC generally provides paid time off, including maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year (unless otherwise required by law); 15 to 25 vacation days each year depending on career level; and years of service. Disability Accommodations Statement If an accommodation is required to participate in the application process, please contact us via email at View email address on click.appcast.io. Include “accommodation request” in the subject line title and your name, the job ID, and your preferred method of contact in the body of the email. Applicants may also call View phone number on click.appcast.io and say “Workday” for accommodation assistance. All information provided will be kept confidential and used only to the extent required to provide needed reasonable accommodations. At PNC we foster an inclusive and accessible workplace and provide reasonable accommodations for qualified individuals with a disability who need an accommodation to perform the essential functions of their positions. 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. This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history. California Residents Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices. #J-18808-Ljbffr PNC