Gain exposure to Low-Income Housing Tax Credit equity and debt programs for affordable housing
Support underwriting activities including portfolio administration, loan documentation, and periodic reviews
Assist with sales functions like pre-call planning, client research, and relationship reviews
Work with relationship teams and senior management on daily operations
What they're looking for
Junior pursuing bachelor's degree in business-relevant field (Finance, Accounting, IT, Economics, etc.)
Minimum 3.0 GPA
Strong analytical thinking, attention to detail, and communication skills
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 an intern within PNC's Tax Credit Solutions organization, you will be based in Louisville, KY.
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.
Job Description
As a PNC Intern within the Tax Credit Solutions team, you will participate in a "best-in-class" internship program. During this 10 week program, you will have the opportunity to gain exposure to the Tax Credit Solutions line of business, expand the tools you need to launch your career and complement your education with real-world job experience.
Tax Credit Solutions falls under PNC's Corporate & Institutional Banking (C&IB) Division. PNC is one of the largest U.S. banks with $562 billion in assets and $421 billion in deposits. PNC has approximately 56,000 employees across the United States and abroad; approximately 2,300 branches; and approximately 60,000 PNC and Partner ATMs Coast to Coast.
The Tax Credit Solutions track of the Corporate & Institutional Banking (C&IB) Summer Internship Program enables interns to explore the inner workings of the Low-Income Housing Tax Credit (LIHTC) equity and debt programs for affordable housing across the nation. The intern will be exposed to sales functions (both on the developer and institutional sales sides), underwriting and asset management roles within the business. They will also be exposed to the other credit types that TCS is involved in which include Historic Tax Credits, New Market Tax Credits, and the Preservation product.
Interns will work directly with the Relationship Team and senior management to support daily operations related to underwriting (portfolio administration, periodic reviews, loan offerings, loan documentation and fulfillment, prescreen) and sales functions (pre-call planning, client research, pitchbooks, relationship reviews, and follow-up). Upon completion, interns will recognize the importance each of these functions have on the deal-making process.
The Summer Internship Program is a direct pipeline for talent to the Tax Credit Solutions track of the Corporate & Institutional Banking (C&IB) Development Program, providing interns with an unparalleled opportunity to learn the business while gaining visibility among the firm's senior leadership.
Upon successful completion of the Summer Internship, interns may be offered an opportunity to join the C&IB Development Program after graduation. Geographic flexibility is important to your success in this program. Opportunities are available in Louisville, KY.
Learn more about PNC's Internships by visiting www.pnc.jobs/students.
Job Profile
Participates as an intern in the PNC summer internship program.
Performs or assists the core activities of the group by applying knowledge learned to drive business results (e.g., deal, sales, process support, internal or external customer interaction, or supporting internal projects). Works under supervision and may have limited approval and/or exception authority.
Participates in social learning within the organization (e.g., identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach).
Required Education and Experience
Working toward bachelor's degree, preferred business relevant majors (e.g., Finance, Accounting, IT, Economics, Marketing, Math, Statistics, HR, Management, Communications, Business Law, Psychology, Logistics, Engineering, Computer Science, Actuarial Sciences), junior status.
Minimum GPA 3.0.
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.
Competencies
Accuracy and Attention to Detail, Analytical Thinking, Effective Communications, Flexibility and Adaptability, Information Capture, Initiative, Products and Services, Self-Directed Growth and Development
Work Experience
Roles at this level are filled by recent university / college graduates with little or no professional experience, but possessing relevant skills. Includes individuals joining the organization through a Corporate development/ training program. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Education
No Degree
Disability Accommodations Statement
If 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.
This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.
California Residents
Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.
From PNC's public posting, laid out for reading by newgrad.ai with the wording unchanged. Check the original before you apply.
