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You will be a member of Midland's Real Estate Solutions (RES) group which includes multiple business lines including special servicing, performing loan consents, performing loan asset management, and due diligence. You will be responsible for a portfolio of distressed commercial real estate loans (primarily Commercial Mortgage Backed Securities loans) as well as potentially co-working larger and more sophisticated commercial real estate loans with a senior asset manager within Midland's RES group. You will be part of a collaborative group with employee development at the forefront of all that we do.
Job Responsibility:
Manages routine special serviced loans and/or portfolios of customers of medium complexity and performs transaction analysis with the goal of minimizing losses and optimizing resolution
Gathers financial data, prepares analysis and develops workout strategy and alternatives for a portfolio
Reviews relevant documents and transaction deal structure
Negotiates workout options with customers to reduce risks and losses
Works with internal and external business partners and borrowers to better secure collateral coverage
Adheres to established policies, procedures and regulations
Evaluates asset or customer's cash flow, balance sheet, long-term business plans, and other relevant financial information
Performs site inspections for properties managed by special assets
Works with internal and external business partners, which may include outside counsel, on negotiations and documentation to mitigate risk
May serve as a mentor to peers
Requirements:
University / college degree
3+ years of relevant / direct industry experience
Accuracy and Attention to Detail
Analytical Thinking
Credit Analysis and Verification
Customer Interaction
Effective Communications
Financial Statement Analysis
Negotiating
Portfolio Management
Problem Solving
Regulatory Environment - Financial Services
What we offer:
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
Robust wellness program with financial incentives
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