Commercial Transaction Coordinator IV – Loan Trading

Commercial Transaction Coordinator IV – Loan Trading

13 Jun 2024
Pennsylvania, Pittsburgh, 15201 Pittsburgh USA

Commercial Transaction Coordinator IV – Loan Trading

Position OverviewJob Description SummaryAt 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. In Commercial Lending Operations, we want to inspire new and innovative ideas on how to provide “best in class” service to our customers. As a Commercial Transactions Coordinator IV within PNC's Commercial Lending Operations team, you may be based in a remote location. This is a remote position. Work may be performed from a quiet, confidential space in a home location, approved by PNC. This position may not be available in all geographic locations.We seek motivated, driven and creative individuals that enjoy working as part of a team in a high energy environment which thrives on innovation and ingenuity. You will work together to create new solutions which will provide our clients with an exceptional customer experience. Valued opinions, supported by collaborative teams, impact the success of the Commercial Lending Operations organization.Job Description

Performs functions in the documentation, funding, and due diligence requirements of complex transactions being financed by PNC, or bought from/sold to other institutions. Provides client-facing service. May provide on-the-job training or coaching.

Determines, reviews and issues required legal documents for complex transactions while ensuring all terms are met. Negotiates documentation revisions and drafts changes independently, or in collaboration with client's counsel if necessary. Identifies deficiencies in documents for transactions being sold to or bought from institutions.

Interacts with internal and external clients to coordinate a closing schedule for complex transactions. Directs work flow as needed to ensure client expectations are met. Builds relationships with clients, legal counsel, vendors and internal partners.

Gathers, reviews and analyzes all information from internal and external parties specific to complex transactions. Resolves inquiries/issues as necessary. Complies with necessary regulations, internal procedures, and may assist in response to audit exceptions.

Validates that transaction structures match pricing models. Assures perfection of security interest for complex transactions and/or requests approval for exceptions.

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.

QualificationsSuccessful 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 SkillsComplex Transactions, Documentations, Due Diligence, Finance Strategy, Financial Operations, Public AccountingCompetenciesAccuracy and Attention to Detail, Collaborating, Data Gathering and Reporting, Decision Making and Critical Thinking, Effective Communications, Managing Multiple Priorities, Negotiating, Operational Functions, Products and Services, Regulatory Environment - Financial ServicesWork ExperienceRoles 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.EducationBachelorsCertificationsNo Required Certification(s)LicensesNo Required License(s)BenefitsPNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for part-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee life insurance; 401(k) with PNC match, pension and stock purchase plans; 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: parental leave; up to 11 paid holidays each year; 6 occasional absence days each year, unless otherwise required by law; may also be eligible for vacation time after first year of service, if employee meets hours-worked requirements.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/ft-benefits-overview.html) Disability Accommodations StatementIf 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 ResidentsRefer to the California Consumer Privacy Act Privacy Notice (https://content.pncmc.com/live/pnc/aboutus/HR/Onboarding/PNCCCPAPrivacyDisclosureEmployee.pdf) to gain understanding of how PNC may use or disclose your personal information in our hiring practices.

Related jobs

  • Reference #: 2024-00555 Primary Office Location:100 Federal Street. Pittsburgh, Pennsylvania. 15212.

  • Reference #: 53767 Associate, Syndicated Loan Trading Administrator II Bring your ideas. Make history. BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world\'s top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the \"bank of banks\" - 97% of the world\'s top banks work with us as we lead and serve our customers into the new era of digital. With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we\'re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about. We\'re seeking a future team member for the role of ASSOCIATE, SYNDICATED LOAN TRADING ADMINISTRATOR II to join our CLIENT SERVICE team. This role is located in Pittsburgh, PA and will work a HYBRID schedule (3 days per week in-office required.) In this role, you\'ll make an impact in the following ways: Manage the day-to-day servicing needs for a portfolio of syndicated loans. Responsible for accurately reviewing, researching, and analyzing, documentation and data related to trades. Confirm pertinent information for lender validations to ensure timely processing of loan trades. Research and resolve loan related issues, handle complex client inquiries and requests, identify, investigate and resolve escalated and/or complex problem loans. Collaborate with tax, closing and servicing teams as necessary. Verify completion and execution of trade documentation (i.e. trade confirmations, transfer certificates, assignment agreements etc.) prior to release of funds for purchases. Conduct call-backs for new lenders and follow appropriate procedures for trades not received via ClearPar to confirm and authenticate trade and money movement instructions. Verify ownership of existing loan positions prior to execution of sale transactions Record, coordinate and process all settlements from purchases and sales, recording relevant trade and asset information. Track purchase/sale price, accrued interest, loan positions, proceeds, etc. Complete audit confirmations, manage position verifications, and research/resolve discrepancies as needed. Manage complex external client issues (on-going client servicing for various loan structures, resolving operational issues, and technology implementations) Assist in communicating needs and issues with internal and external clients. Use in-depth area knowledge to apply ingenuity and creativity to problems and determines more permanent resolutions. May allocate/coordinate work within a team/project, and employ subject matter and industry expertise within defined area (s) Solve complex problems based on an understanding and knowledge of the intricacies of the loan system. Provide technical assistance and operational support to junior level client processing roles. To be successful in this role, we\'re seeking the following: High school/secondary school or the equivalent combination of education and experience is required. Bachelor\'s degree preferred. 7-10 years of total work experience is preferred. Ability to manage multiple tasks and work effectively across groups within the organization. 3-5 years of directly related experience with Syndicated loans and/or comparable commercial lending experience. Experience with loan-based software: Loan IQ and ClearPar strongly preferred. Ability to lead, provide guidance and work under limited supervision. At BNY Mellon, our inclusive culture speaks for itself. Here\'s a few of our awards: Fortune World\'s Most Admired Companies & Top 20 for Diversity and Inclusion Bloomberg\'s Gender Equality Index (GEI) Human Rights Campaign Foundation, 100% score Corporate Equality Index , Disability: IN - 100% score. 100 est Workplaces for Innovators, Fast Company CDP\'s Climate Change \'A List\' Our Benefits: BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life\'s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter. BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

  • Administrative Coordinator, Office of the Senior Vice Chancellor & Volunteer Management

  • Program Coordinator

  • Description

  • Intermediate Financial Account Coordinator

  • Reference #: 1e8e2246-7de8-4a45-b407-5273757a65c3 Description

Job Details

Jocancy Online Job Portal by jobSearchi.