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PNC Financial Services

Runs a national bank for people and businesses

Trust Real Estate Department Lead

Real EstateConfirmed live in the last 24 hours
Full-time

About the Job

Requirements

  • Knowledge of fiduciary practices, including trust real estate.
  • Knowledge of contracts review, decision making and critical thinking, fiduciary responsibilities, lease and property management, real estate development, real estate law and policy compliance, real estate property data analysis, and real estate sales closings and agreements.
  • Roles at this level typically require a university or college degree and 5+ years of industry-relevant experience; a comparable combination of education, job-specific certifications, and experience, including military service, may be considered in lieu of a degree.

Responsibilities

  • Oversee workflow and assist the team with executing transactions and processes.
  • Monitor and coordinate operations workflow, assist team members with escalated issues, process and/or reconcile transactions of varying risk and financial value in accordance with policies and procedures, identify and address exceptions, serve as a point of escalation, partner internally to resolve escalations and provide guidance, and interact with external customers and third parties to complete transactions or resolve escalated issues.
  • Coach team members and provide applicable training; lead team huddles, meetings, and/or continuous improvement sessions; and provide input on team member performance and development.
  • Provide consultation and advice to internal and external customers, review existing processes and recommend improvements, assist with implementation, provide input on and update standard operating procedures, and participate in projects as a subject matter resource.
  • Review transactions and related documents and verify work processes for completeness, accuracy, and conformance to service levels and procedures; review reports to identify exceptions, monitor quality and compliance, participate in risk mitigation, and verify the completeness and accuracy of procedures.
  • Oversee assigned trust-owned real estate assets, which may include complex residential, rental, commercial, farmland, and timber properties, as well as oil, gas, and mineral interests; identify, mitigate, and escalate risk while acquiring, preserving, and managing these properties.
  • Manage real estate activities in accordance with bank policies and fiduciary 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 as a subject matter expert with AMG Fiduciary Counsel and Market Fiduciary Advisors and Managers to ensure risks are analyzed, managed, escalated, and resolved.
  • Assess risk and recommend whether to accept, retain, or sell assets; oversee annual reviews; and present recommendations to the Real Estate Trust Investment Committee and/or Special Assets Committee in accordance with committee guidelines.
  • Preserve and manage assigned physical properties; recommend property improvements; coordinate hiring professionals for maintenance and upkeep; ensure properties are inspected, valued, and insured; and ensure taxes, insurance premiums, and property-related expenses are paid on time.
  • Guide activities necessary to purchase or sell properties, determine whether capital improvements are necessary, assess transaction risk, present recommendations to relevant committees, and engage internal partners and external service providers to ensure accurate transfer of ownership.
  • Assess and manage risks associated with business objectives and activities in accordance with PNC's Enterprise Risk Management Framework.

Desired Qualifications

  • Management or leadership experience.
  • CPM, CCIM, CTFA, or Trust School.

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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