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. As a Field Exam Regional Manager within PNC's Business Credit organization, you will be based in New York City.

Job Description

• Coordinates, reviews and distributes Field Examinations and Reports on existing Borrowers, primarily within his/her assigned regions, to be utilized by the Portfolio and Credit Policy groups to make informed approval/credit decisions. Validates that the borrower is reporting collateral values and ineligibles/ reserves accurately to protect the bank from advancing funds in excess of the actual collateral value. Uses a high level of independent judgment and discretion to determine the credit quality of the collateral that is pledged to secure our loan. Independently determines what constitutes an emerging risk trend based on knowledge of the portfolio, industry and general macroeconomic environment. Identifies and elevates potential problem credit accounts, deteriorating collateral or financial situations, suspected fraudulent activity, or any other potential weaknesses which place the Bank's assets at risk.
• Reviews and distributes New Business Survey and Prefund Field Examinations Reports and supporting workpapers (documentation of all procedures performed) that (i) highlight germane findings and material variances found, conclusions reached, and related recommendations for improvement, (ii) are consistent with established credit quality control standards and with PNCBC policies and procedures. Ensures that the New Business Field Examination due diligence and related Report validates the integrity of the collateral that will be used to secure the proposed loan and that accurately identifies the credit quality of such collateral. New Business Field Examination Reports are utilized by Credit Approval Committee to determine the initial credit quality of the Collateral that will be used to secure the proposed loan in order to make informed approval/credit decisions.
• Responsible for the initial Borrowing Base Certificate (gross collateral, ineligibles, reserves, etc.), which determines the Eligible Revolver Availability on the day of funding, in addition to on-going collateral reporting requirement for the new Borrower. Ensures that the initial Borrowing Base is in compliance with credit policy and PNCBC guidelines. Validates / authorizes that the initial Borrowing Base Certificate is accurate and meets collateral / lending criteria within the confines of the deal structure and that the prospective borrower has met or will meet the minimum availability requirement as indicated in the Credit Underwriting Memo/Offering.
• Participates in meetings with the Deal Team (Field Examiners, Appraisers, Underwriters, Business Development Officers, Credit Policy Manager, and on occasion Regional Managers) and/or prospective Borrower representatives (typically the CFO, CEO and/or Controller of the company) to clarify any collateral issues/areas of concern. Participates in New Business Credit Committee approvals highlighting any and all Field Examination and/or collateral issues or concerns on prospective borrowers. Communicate and interface with the various parties associated with the New Business Engagement; including third party vendors, legal advisors, accounting firms, appraisers, and various partners such as equity sponsors and investments bankers during the course of a new business engagement.
• Coordinates New Business Survey and Prefund Field Examinations. Works with the Scheduling Coordinators to properly staff New Business Field Examinations based on Field Examination size, complexity and the individual Examiners experience level as well as to maximize the overall groups productivity and efficiency. Manages the assigned staff of Field Examination personnel and/or outsource vendors assigned to New Business Survey and Prefund Examinations.
• Ensures timely submission of all required New Business Field Examination Reports to the Credit Appro