Associate Asset Manager

Position Overview 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. Responsibilities include reviewing property operations, financial performance, and compliance status, as well as conducting site inspections and supporting travel-based asset reviews. The Associate plays a key role in analyzing investment health, preparing internal assessments, and partnering closely with senior team members, while not being responsible for formal watchlist monitoring or reporting. This position requires strong analytical skills, attention to detail, and the ability to support asset management activities across the lifecycle of LIHTC investments. PNC is an in‑office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position. Job Description Oversees limited portfolios and/or routine Borrower requests and inquiries for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate. May possess a working knowledge of commercial real estate, industry terminology and real estate capital markets. Responsible for monitoring and reporting on watch list assets. Reviews financial statements, loan covenants, market, and economic data to determine the economic and/or compliance impact. Assess property inspections for watch lists determinations and further escalation to internal partners. Reviews and responds to external party inquiries related to the assigned portfolios while adhering to established compliance procedures. May interact with external parties which include internal and external legal counsel, rating agencies, special servicers, and investors. Collaborates effectively with internal business partners to aid with cross‑departmental decision making. Responsibilities Oversee limited portfolios and routine borrower requests and inquiries for securitized and agency portfolios. Monitor and report on watch‑list assets. Review financial statements, loan covenants, market and economic data to assess impact. Evaluate property inspections for watch‑list determinations. Respond to external party inquiries in accordance with compliance procedures. Interact with internal and external legal counsel, rating agencies, special servicers, and investors. Collaborate with internal business partners on cross‑departmental decisions. Qualifications Asset Management Decision Making Financial Accounting Financial Management General Ledger (GL) Investment Management Revenue Recognition Accurate and Attention to Detail Data Gathering and Reporting 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. Pay Transparency Base Salary: $45,000.00 – $105,000.00. Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance. Benefits Medical/prescription drug coverage (with 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 Backup child/elder care Adoption, surrogacy, and doula reimbursement Educational assistance, including select programs fully paid 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 15 to 25 vacation days each year, depending on career level Years of service bonuses and other long‑term incentives Equal Employment Opportunity 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 Financial Services Group, Inc.