Senior Asset Manager - LIHTC

Location: KY - Louisville (40202)

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 Senior Asset Manager within PNC's Multifamily Capital organization, you will be based in Louisville, KY ; Charlotte, NC ; Boston, MA; or Minneapolis, MN .

This role is responsible for the asset management of Low-Income Housing Tax Credit (LIHTC) investments throughout the entire lifecycle, from construction through disposition. The Senior Asset Manager serves as the equity partner's representative, monitoring asset performance, evaluating both equity and credit risk, conducting site inspections, and providing strategic oversight to help ensure investment objectives are achieved. Strong knowledge of affordable housing, construction management, and portfolio risk assessment is essential.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

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

Oversees portfolios and Borrower requests of medium to high complexity for securitized CMBS, Agency, SFR, SASB or other portfolios comprised of loans secured by income producing commercial real estate.

Analyze various financial reports, including property operating statements, loan guarantor financials, loan level covenants and market economic data. Review and interpret complex loan documents and servicing agreement requirements.

Evaluates credit risk and proposes risk mitigants using an advanced level of knowledge of commercial real estate, industry terminology and real estate capital markets while adhering to established procedures.

Prepares and presents formal recommendations for approval in accordance with applicable delegations of authority.

Engages in frequent verbal and written communication with external parties on complex matters, which may include borrowers and their representatives, internal and external legal counsel, rating agencies, special servicers, and investors.

Collaborates effectively with internal business partners and leverages commercial real estate expertise to drive cross-departmental decision making.

Actively involved in process improvement initiatives and special departmental projects.

Additional Locations: MA - Boston, MN - Minneapolis, NC - Charlotte