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 a Real Estate Portfolio Manager within PNC's Realty Services organization, you will be based in Pittsburgh, PA.
This position is primarily based in a PNC location. Responsibilities require time in the office or in the field on a regular basis. Some responsibilities may be performed remotely, at manager’s discretion.
Key Responsibilities:
• Manages real estate development transactions as assigned by Director of Site Selection for new markets and growth strategies.
• Understands site development process and business needs in terms of market position, branding and corporate business opportunity.
• Monitors and conducts due diligence of development sites through the project phase, working closely with Design and Construction teams.
• Understands retail real estate market and trade area analysis, with ability to identify quality business development opportunities for retail branch network growth.
• Understands retail leasing and has the ability to negotiate letter of intent and retail lease terms against specific market conditions with a goal of the best possible outcome for corporate business needs, goals and strategies.
Travel
Up to 25% of travel may be required for real estate development initiatives.

Job Description

• Manages all of the real estate assets and holds responsibility for the financial performance of a portfolio. Responsible for 200-300 assets.
• Oversees the day-to-day performance of the real estate portfolio.
• Prepares fiduciary reports, policies and practices for the transactions group through data collection.
• Monitors and conducts due diligence regarding bank acquisitions and mergers of other bank organizations.
• Understands business need and negotiates contracts that align with business needs and overall strategy of the company from a valuation perspective and ensures that all properties are well maintained, stabilized and correctly positioned in market segment.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

• Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
• Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Competencies

Accuracy and Attention to Detail – Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy.Business Markets – Knowledge of existing and planned markets and market-related initiatives from the perspectives of the competition, the suppliers, the customer base and the regulatory environment; ability to apply this knowledge appropriately to diverse situations.Contracts Management & Administration – Knowledge of and ability to use the proper processes and practices for managing and administering a variety of contractual agreements.Contracts Review – Knowledge of the contractual and legal matters related to expenditures (consulting services, maintenance, agreements, hardware and software acquisitions, outsourcing, etc.); ability to evaluate, interpret and improve the language used in contractual agreements.Effective Communications – Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.Lease and Property Management - Real Estate – Knowledge of, and ability to manage a portfolio of properties, perform direct buying, selling, renting and leasing of properties in a portfolio, and provide maintenance related services for managed properties.Negotiating – Knowledge of successful negotiation concepts and techniques; ability to negotiate successfully across the organization and with external vendors and clients in a constructive and collaborative manner.Real Estate Development – Knowledge of real estate development; ability to manage different aspects of the real estate development function, including business development, methods of real estate, and operational processes.Real Estate Law & Policy Compliance – Knowledge of laws and policies that govern various forms of ownership in commercial and residential property; ability to demonstrate ethical behavior in diverse situations.Real Estate Property Data Analysis – Knowledge of and ability to utilize diverse data analysis processes, techniques and tools in order to analyze, interpret and manage property related data.

Work Experience

Roles at this level typically require a university / college degree, with 3 years of relevant / direct industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Education

Bachelors

Additional Job Description

Benefits

Disability Accommodations Statement:

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include “accommodation request” in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and select Option 4: Recruiting for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and 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.

California Residents

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