What are the responsibilities and job description for the Finance Associate - Real Estate position at PNC Financial Services Group?
Job Profile
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 our employees feel respected, valued and have an opportunity to contribute to the company’s success.
As a Finance Associate within the C&IB Finance organization, you will specifically support the PNC Real Estate line of business. Corporate & Institutional Banking (C&IB) Finance is a diverse and collaborative team committed to providing C&IB executive and senior management strategic counsel, meaningful reporting and analysis and critical insights into business and financial metrics to drive results. This specific role will be based in Pittsburgh, PA onsite.
This position involves specifically supporting Agency Finance and Tax Credit Solutions along with the broader PNC Real Estate line of business. The Financial Associate role includes opportunities to interact with Finance and LOB leadership while contributing across the full suite of Finance core competencies including the following:
Management Reporting
Provide respective C&IB executive and senior management with monthly internal reporting on the results of operations. Develop insightful financial analysis and business metrics to ensure executives have a clear understanding of the business drivers contributing to the financial results.
Budgeting/Forecasting
Lead annual budget process and monthly forecast updates. Evaluate the impact of economic and market trends on anticipated future results and ensure timely communication of anticipated material impacts on financial results to executive and senior management.
Strategic Plan
Lead and contribute to the annual strategic plan process. Serve as an objective and independent business advisor to collaborate with LOB executives in the development of strategic objectives and quantification of estimated financial impacts (e.g., ensuring positive operating leverage contributing to PNC’s overall earnings objectives).
CCAR
Execute the semi-annual CCAR/DFAST stress testing procedures and deliverables including working with key business and internal finance partners (Corporate Control, Asset and Liability Management) to evaluate and challenge the PPNR financial estimates for relevant scenarios.
Accounting, External Reporting and Regulatory Requirements
Support month-end close and quarterly disclosure cycles. Assist the business in understanding financial accounting implications of business initiatives working collaboratively with other internal Finance areas (i.e., Accounting Policy, SEC Reporting and Regulatory Reporting). Also includes providing information and support for press releases, SEC filings, presentations to the Board of Directors, presentations to Regulators, CCAR and DFAST filings, BASEL, and regulatory capital reporting, Living Will documentation, SOX testing, etc. Additionally, LOB Finance works closely with Accounting Policy and SEC Reporting on the adoption, and subsequent reporting, of new Accounting Standards.
Ad Hoc Request, Analytical Business Support and Other Special Projects
Collaborate with key financial decision makers within the business via ad hoc data analysis as issue or opportunities arise on a periodic basis. Contribute toward cross-departmental Finance special projects. Support various risk management reviews (e.g., risk compliance, audit, etc.), continuous improvement plan efforts, technology initiatives, business combinations and executive management presentations as needed.
In addition, this position will:
PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
Job Description
Prepares timely, transparent, and succinct financial reports to enable informed decision-making by stakeholders. Produces timely and precise revenue, expense, and staffing forecasts. May develop strategic insights from data to enhance budget and forecast accuracy.
Contributes to annual budget cycle and continuous monthly forecasting. Contributes to development of long term strategic plans. Prepares key financial forecasts, metric-driven performance dashboards, and strategic business insights for business leaders and executives.
Performs on-demand analysis and generates custom reports to address specific business needs. Collaborates with the business on implementation and compliance of new accounting and regulatory standards.
Facilitates audit, regulatory, and investor requests by providing timely and accurate information. Promptly identifies and addresses control matters; maintains sound control processes.
Navigates professional interactions with colleagues across departments to ensure alignment and shared success.
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.
Qualifications
Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.
Preferred Skills Account Analysis, Accounting Research, Budget Modeling, Decision Making, Finance Strategy, Financial Accounting, Financial Reporting and Analysis, Forecast Analysis, Management Reporting, People Management, Results-Oriented
Competencies Accuracy and Attention to Detail, Budgeting, Business Analytics, Decision Making and Critical Thinking, Effective Communications, Finance and Accounting, Information Capture, Institutional Finance, Managing Expenses And Finances
Work Experience Roles at this level typically require a university / college degree, with 2 years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Education Bachelors
Certifications No Required Certification(s)
Licenses No Required License(s)
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; a robust wellness program with financial incentives.
In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.
To learn more about these and other programs, including benefits for full time and part-time employees, visit pncthrive.com .
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 say "Workday" 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.
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.
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 our employees feel respected, valued and have an opportunity to contribute to the company’s success.
As a Finance Associate within the C&IB Finance organization, you will specifically support the PNC Real Estate line of business. Corporate & Institutional Banking (C&IB) Finance is a diverse and collaborative team committed to providing C&IB executive and senior management strategic counsel, meaningful reporting and analysis and critical insights into business and financial metrics to drive results. This specific role will be based in Pittsburgh, PA onsite.
This position involves specifically supporting Agency Finance and Tax Credit Solutions along with the broader PNC Real Estate line of business. The Financial Associate role includes opportunities to interact with Finance and LOB leadership while contributing across the full suite of Finance core competencies including the following:
Management Reporting
Provide respective C&IB executive and senior management with monthly internal reporting on the results of operations. Develop insightful financial analysis and business metrics to ensure executives have a clear understanding of the business drivers contributing to the financial results.
Budgeting/Forecasting
Lead annual budget process and monthly forecast updates. Evaluate the impact of economic and market trends on anticipated future results and ensure timely communication of anticipated material impacts on financial results to executive and senior management.
Strategic Plan
Lead and contribute to the annual strategic plan process. Serve as an objective and independent business advisor to collaborate with LOB executives in the development of strategic objectives and quantification of estimated financial impacts (e.g., ensuring positive operating leverage contributing to PNC’s overall earnings objectives).
CCAR
Execute the semi-annual CCAR/DFAST stress testing procedures and deliverables including working with key business and internal finance partners (Corporate Control, Asset and Liability Management) to evaluate and challenge the PPNR financial estimates for relevant scenarios.
Accounting, External Reporting and Regulatory Requirements
Support month-end close and quarterly disclosure cycles. Assist the business in understanding financial accounting implications of business initiatives working collaboratively with other internal Finance areas (i.e., Accounting Policy, SEC Reporting and Regulatory Reporting). Also includes providing information and support for press releases, SEC filings, presentations to the Board of Directors, presentations to Regulators, CCAR and DFAST filings, BASEL, and regulatory capital reporting, Living Will documentation, SOX testing, etc. Additionally, LOB Finance works closely with Accounting Policy and SEC Reporting on the adoption, and subsequent reporting, of new Accounting Standards.
Ad Hoc Request, Analytical Business Support and Other Special Projects
Collaborate with key financial decision makers within the business via ad hoc data analysis as issue or opportunities arise on a periodic basis. Contribute toward cross-departmental Finance special projects. Support various risk management reviews (e.g., risk compliance, audit, etc.), continuous improvement plan efforts, technology initiatives, business combinations and executive management presentations as needed.
In addition, this position will:
- Provide and may lead a variety of financial management and accounting services.
- Prepares internal financial and business metric reports and provides information to support quarterly and annual external reports.
- Leads annual budget process and monthly forecast updates and may lead or contribute to strategic plans.
- Delivers performance monitoring and communications and ad hoc finance and accounting analysis, which may include management accounting analysis. Identifies the accounting practices of the business and collaborates with the business on implementation of new accounting standards that impact the business.
- Delivers information in response to requests and requirements of auditors, regulators, and investors. Prepares financial data and analysis to support risk management and identifies and escalates key risks to management. May also contribute to risk review and challenge for assigned business. Promptly identifies and addresses control matters; maintains sound control processes. Compiles data used for Stress Testing Projections.
PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.
Job Description
Prepares timely, transparent, and succinct financial reports to enable informed decision-making by stakeholders. Produces timely and precise revenue, expense, and staffing forecasts. May develop strategic insights from data to enhance budget and forecast accuracy.
Contributes to annual budget cycle and continuous monthly forecasting. Contributes to development of long term strategic plans. Prepares key financial forecasts, metric-driven performance dashboards, and strategic business insights for business leaders and executives.
Performs on-demand analysis and generates custom reports to address specific business needs. Collaborates with the business on implementation and compliance of new accounting and regulatory standards.
Facilitates audit, regulatory, and investor requests by providing timely and accurate information. Promptly identifies and addresses control matters; maintains sound control processes.
Navigates professional interactions with colleagues across departments to ensure alignment and shared success.
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.
Qualifications
Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.
Preferred Skills Account Analysis, Accounting Research, Budget Modeling, Decision Making, Finance Strategy, Financial Accounting, Financial Reporting and Analysis, Forecast Analysis, Management Reporting, People Management, Results-Oriented
Competencies Accuracy and Attention to Detail, Budgeting, Business Analytics, Decision Making and Critical Thinking, Effective Communications, Finance and Accounting, Information Capture, Institutional Finance, Managing Expenses And Finances
Work Experience Roles at this level typically require a university / college degree, with 2 years of relevant professional experience. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Education Bachelors
Certifications No Required Certification(s)
Licenses No Required License(s)
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; a robust wellness program with financial incentives.
In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.
To learn more about these and other programs, including benefits for full time and part-time employees, visit pncthrive.com .
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 say "Workday" 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.
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.