Senior Lending Transact Associate
Job Summary
As a Lending Transaction Associate Sr within PNC's Commercial Lending Operations organization, you will create and maintain legal loan documents and satisfy documentation due diligence for complex transactions. You will independently manage a pipeline, interact professionally with internal and external contacts, and ensure accuracy between approvals and core systems. Additionally, you may act as a mentor to new hires and handle specialty lines of business requiring non-standard documentation.
Responsibilities
- Create and maintain legal loan documents/files for complex transactions
- Satisfy documentation due diligence and resolve exceptions
- Manage a pipeline independently with consistent follow-up
- Work with internal and external legal counsel on complex transactions
Required Skills
- Complex Transactions
- Documentations
- Due Diligence
- Accuracy and Attention to Detail
- Decision Making and Critical Thinking
Job Details
Position Overview
Hours for this role are Monday - Friday, 10:00 am ET - 7:00 pm ET.
Additional Information:
• Creates and maintains legal loan documents/files required for complex transactions.
• Satisfies documentation due diligence for complex transactions following standard operating procedures. Interacts professionally with internal and external contacts to gather necessary information. Identifies exceptions, escalates when necessary and resolves appropriately.
• Participates in calls with internal contacts to ensure accuracy of information between approvals and core systems.
• Achieve and maintain established quality thresholds.
• Independently and proactively manage a pipeline including consistent follow up with internal and external partners as needed.
• Follow all established job aids and procedures.
• Works with internal and external legal counsel on complex transactions requiring additional documentation guidance and legal review.
• Acts as mentor to new hires.
• Ability to take on stretch assignments within and outside of the department.
• Ability to document for specialty lines of business requiring non-standard documentation.
• Knowledge of Florida doc stamp tax.
• Ability to manage multiple transactions for various clients within the pipeline.
• Regional Doc Prep with a focus on dealer floor plan documentation specialty vertical.
Job Description
Performs functions in the documentation, funding, and due diligence requirements of standard or 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 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 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 transactions of increasing complexity. 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 transactions and/or requests approval for exceptions.
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: Complex Transactions, Documentations, Due Diligence, Finance Strategy, Financial Operations, Public Accounting
Competencies: Accuracy 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 Services
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