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PNC Financial Services

Runs a national bank for people and businesses

Trust Real Estate Advisor 2

Real Estate Property ManagementConfirmed live in the last 24 hours
Full-time

About the Job

Requirements

  • A university or college degree is typically required, with 3 or more years of relevant or direct industry experience; a comparable combination of education, job-specific certifications, and experience, including military service, may be considered in lieu of a degree.

Responsibilities

  • Manage assigned trust-owned real estate assets, potentially including complex residential, rental, commercial, farmland, timber, oil, gas, and mineral assets; identify, mitigate, and escalate risk while acquiring, preserving, and managing them.
  • Follow bank policies and procedures for consistent management of real estate activities in alignment with fiduciary policies and procedures, including purchases, sales, leases, negotiations, property management, safekeeping, disposition and productivity analysis, bill payments, tax and insurance enforcement, and hiring contractors and agents.
  • Collaborate with AMG Fiduciary Counsel and Market Fiduciary Advisors and Directors as needed to analyze, manage, escalate, and resolve risks.
  • Assess risk and recommend whether to accept, retain, or sell assets; conduct annual reviews; and present recommendations to the Real Estate Trust Investment Committee and/or Special Assets Committee according to committee guidelines.
  • Preserve and manage assigned physical properties, determine the need for improvements, coordinate hiring professionals for maintenance and upkeep, ensure properties are inspected, valued, and insured, and ensure taxes, insurance premiums, and related expenses are paid on time and kept current.
  • Oversee activities necessary to purchase or sell properties, determine whether capital improvements are necessary, assess transaction risks, present recommendations to the Real Estate Trust Investment Committee and/or Special Assets Committee, and coordinate with internal partners and external service providers to transfer ownership accurately and smoothly.
  • Apply customer-focused knowledge and practices by treating customer needs and satisfaction as primary considerations in business decisions and using that information to create customized customer solutions.
  • Assess and manage risks associated with business objectives and activities in accordance with PNC's Enterprise Risk Management Framework.

Desired Qualifications

  • Preferred skills include commercial real estate, corporate finance, economic policy, financial accounting, financial management, investment strategies, legal operations, the monthly close process, and real estate appraisals.
  • Certifications are often desired.

About the Company

PNC Financial Services

Runs a national bank for people and businesses

PNC Financial Services runs one of the largest banks in America, serving households and businesses of every size through branches, apps, and corporate bankers. Acquisitions turned it from a regional lender into a coast-to-coast bank, notably its purchases of National City during the 2008 financial crisis and BBVA USA in 2021. Consumers keep checking and savings accounts, such as Virtual Wallet with its built-in budgeting tools, and take out mortgages and credit cards, while companies borrow and manage cash through PNC. It earns most of its money on the gap between loan interest and deposit costs, and the rest from fees. PNC traces its roots to a savings bank founded in 1845 and is based in Pittsburgh, Pennsylvania.

Company size
10,001+
Company stage
IPO
Headquarters
Pittsburgh, PA
Founded
1845

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