Job Description

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. As a Valuation Specialist (Appraisal Specialist) within PNC Realty Investors organization, you will be based in Washington, DC or Baltimore, MD. In this role, you will oversee the valuation process for real estate assets of the AFL-CIO Building Investment Trust (“BIT”), serve as the lead contact with the appraisal management firm, and work with this firm to engage other third party appraisal firms as applicable. In addition, you will: ●Review each asset appraisal on a quarterly and annual basis, accumulate comments from the asset management team and return feedback to the appraisal management firm. ●Serve as primary interface with internal and external auditors regarding real estate asset valuations. ●Inform senior management of valuation changes during quarter and expected portfolio return impact. ●Prepare summary quarterly valuation results for presentation to, and approval by the BIT Investment Committee. ●Review all property appraisals to ensure consistent and accurate presentation in financial statements and other reporting. ●Review each development property waterfall during the quarter close process. Review other property waterfalls for reasonableness versus expectations. ●Participate in quarterly property financial statement reviews; review, monitor and evaluate operating results as part of the quarterly process. ●Work with portfolio management to update multi-period entrepreneurial profit appreciation projections quarterly post close. ●Prepare and submit performance return estimates to NCREIF each quarter. Preferences/Skills: MAI (Member of Appraisal Institute) Designation

Job Profile

Oversees the valuation process for real estate assets and serves as the lead contact with the appraisal management firm. Acts as the primary conduit for third party marketing efforts. Performs other real estate asset duties and projects as assigned.
Oversees the valuation process for real estate assets and serves as the lead contact with the appraisal management firm. Primary interface with internal and external auditors on asset valuations. Responsible for the review of all property appraisals to ensure consistent and accurate presentation and valuation.
Act as the primary conduit for third party marketing efforts. Shepherds all third party produced marketing materials through internal partners including legal and compliance. Acts as liaison for investor relations between third party marketing agent and PNC staff.
Oversees the insurance program for real estate assets. Primary owner of third party broker relationship. Coordinates activities of PRI staff, internal partners, as well as third party broker.
Processes all PRI/PNC contractual relationships through PNCs enterprise third party management system. Responsible for periodic compilation and review of vendor information.

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.

Competencies

Accuracy and Attention to Detail – Understanding of the necessity and value of accuracy and attention to detail; ability to process information with high levels of accuracy.

Effective Communications – Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

Financial Forecasting and Modeling – Knowledge of and ability to use processes, tools, and techniques for exploring and evaluating alternative financial scenarios and results.

Problem Solving – Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply this knowledge appropriately to diverse situations.

Real Estate Development – Knowledge of real estate development; ability to manage different aspects of the real estate development function, including business development, methods of real estate, and operational processes.

Regulatory Environment - Financial Services – Knowledge of and ability to help an organization adapt to applicable federal, state, local, and company-specific regulations, policies, and guidelines affecting business practices.

Relationship Management – Ability to establish and build healthy working relations and partnerships with clients, vendors, and peers.

Work Experience

Roles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Education

Bachelors

Disability Accommodations Statement

The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at The Human Resources Service Center hours of operation are Monday - Friday 9:00 AM to 5:00 PM ET.

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.