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.

This position is primarily based in a PNC location. Preference given to Pittsburgh, PA, Cleveland, OH, Philadelphia, PA, Chicago, IL or Kansas City, KS. Responsibilities require time in the office or in the field on a regular basis.  Some responsibilities may be performed remotely, at manager’s discretion.

As a Business Analytics Consultant within the Real Estate Market Analytics (REMA) group you will be responsible for vetting real estate collateral for potential and existing PNC loans prior to ordering a third-party appraisal. Emphasis is placed on prospective asset performance due to a large level of new construction lending. Analyst will cross-check forward-looking developer proformas with existing market performance using industry leading data sources such as CoStar, CBRE-EA, MSCI, etc. and forecast future results. Forecasts include absorption (during lease-up), stabilized vacancy, market rent, rent growth, and concessions. Analyst must have a strong understanding of how local submarket performance is impacted by both MSA/regional and national economic trends and how to forecast appropriate market supply and demand trends.

In addition to the primary real estate types (i.e., multifamily, office, retail, & industrial), the analyst will evaluate mixed use, senior housing, student housing, tax credit, and lodging properties. While the analyst will focus largely on property level research for individual deals, macro-level industry data analysis is also routinely required for review and reporting of PNC portfolio performance or for macroeconomic reviews. The analyst will serve internal customers; the ability to multi-task and communicate timely and effectively with relationship managers, underwriters, and credit officers is instrumental in allowing PNC to develop an accurate picture of an asset and to issue competitive term sheets to gain new business. As part of the review, interviews of market experts, customers, brokers, leasing agents, and appraisers to get local views on the market are incorporated into the analysis. The analyst then writes a clear and concise summary of the supportive data and analysis for their conclusions/forecasts and presents to senior loan committee in conjunction with the deal team.

Other functions of the REMA group that the analyst may work on include criticized asset valuations, reconciling appraisal findings to internal underwriting, and quarterly sector studies.

Appraisal, brokerage, real estate research, urban planning, macroeconomics, real estate property management, lending, or underwriting skills are all relevant.

Argus skills are not required but are helpful. Word, PowerPoint, Excel skills should be above average.

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description

• Leverages complex analytical tools to provide business and technical expertise for the analytics process, tools and useful applications across multiple functions or business units to create data driven solutions.

• Consulting to clients on tool and strategy implementation and monitoring, statistical scoring, business intelligence, data quality, and analytical product / solution development.

• Determining the optimal analytic approach and supporting development, implementation and enhancements.

• Conceptualizing, developing and continuously optimizing analytical solution for operations and executive management to enable data driven decision making.

• Analyze results and make recommendations for key business partners and senior management or communicate conclusions from complex analytical solutions to a wide range of audiences.

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

Analytical Thinking, Business Intelligence (BI), Concept Development, Data-Driven Decision Making, Data Integration, Market Research, Performance Metrics, Qualitative Research, Strategic Planning

Competencies

Analytical Thinking, Business Acumen, Business Analytics, Consulting, Decision Making and Critical Thinking, Effective Communications, Emerging Technologies

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

Certifications

No Required Certification(s)

Licenses

No Required License(s)

Pay Transparency

Base Salary: $55,000.00 – $142,300.00

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.

Application Window

Generally, this opening is expected to be posted for two business days from 10/07/2024, although it may be longer with business discretion.

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; 8 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 pncbenefits.com > New to PNC.

*For more information, please click on the following links:

Time Away from Work (https://www.pncbenefits.com/timeaway.html)

PNC Full-Time Benefits Summary

PNC Part-Time Benefits Summary (https://www.pncbenefits.com/pt-benefits-overview.html)

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.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice (https://content.pncmc.com/live/pnc/aboutus/HR/Onboarding/PNC_CCPA_Privacy_Disclosure_Employee.pdf) to gain understanding of how PNC may use or disclose your personal information in our hiring practices.