Private Credit Associate at PNC

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

21 Mar, 26

Salary

150000.0

Posted On

21 Dec, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Financial Modeling, Analytical Skills, Communication Skills, Portfolio Management, Due Diligence, Investment Analysis, Cash Flow Analysis, Market Research, Covenant Tracking, Organizational Skills, Risk Management, Customer Focus, Financial Reporting, Data Gathering, Effective Communication

Industry

Financial Services

Description

Position Overview 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 Associate within PNC's Steel City Private Credit organization, you will be based in New York, NY. Steel City Private Credit is a newly launched direct lending strategy focused on both sponsored and non-sponsored middle market companies. The primary strategies include senior debt / unitranche cash-flow facilities and technology / ARR financing. The Associate will support the investment team in all aspects of the investment process, including origination, underwriting, execution, and portfolio management. This role offers a unique opportunity to join a newly formed private credit platform at an early stage, providing significant exposure to senior professionals and the ability to contribute to the development of the team’s processes and culture. Key Responsibilities - Support the end-to-end execution of new investment opportunities and monitoring existing investments - Evaluate investment opportunities by analyzing audits and financial statements, cash flows, credit performance, industry research, and market dynamics - Support review of due-diligence workstreams across legal, operational, and financial reviews - Contribute to the preparation and presentation of detailed investment materials and recommendations to the Investment Committee - Active ongoing portfolio monitoring, including analytics, covenant tracking and borrower relationship management - Contribute to strategic initiatives to enhance underwriting frameworks, reporting capabilities, and platform scalability Qualifications - 1 – 2 years of experience in investment banking, leveraged finance, private credit, or related field. - Strong proficiency in Excel and financial modeling and analytical skills. - Excellent written and verbal communication skills. - Ability to manage multiple deals and deadlines in a fast-paced environment. - High attention to detail and strong organizational skills. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position. Job Description Performs in-depth analytical and transactional support with legal negotiation, due diligence, underwriting and portfolio management of private credit investments activities. Partners with portfolio companies to support their financing through the entire lifecycle of the investment process. Prepare and assist with investment recommendations to senior management and investment committees. Post-close financial monitoring and analysis and business development efforts. PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be: Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions. Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework. 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 Credit Analysis and Verification, Credit Risk, Data Gathering and Reporting, Effective Communications, Financial Forecasting and Modeling, Financial Reporting, Financial Statement Analysis, Managing Multiple Priorities Work Experience Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience. Certifications are often desired. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered. Education Bachelors (Required) Certifications No Required Certification(s) Licenses No Required License(s) Pay Transparency Base Salary: $150,000.00 – $150,000.00 Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance. Application Window Generally, this opening is expected to be posted for two business days from 12/19/2025, although it may be longer with business discretion. Benefits PNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: 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; a robust wellness program with financial incentives. In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 8 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. To learn more about these and other programs, including benefits for full time and part-time employees, visit Your PNC Total Rewards. 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.

Responsibilities

The Associate will support the investment team in executing new investment opportunities and monitoring existing investments. This includes evaluating investment opportunities, conducting due diligence, and preparing investment materials for the Investment Committee.