Finance Group Manager - CFO of Private Equity

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(n) Finance Group Manager - CFO of Private Equity within PNC's Finance organization, you will be based in Pittsburgh, PA.

Company Background: The Capital Finance portfolio consists of three separate direct investment funds (active) and certain legacy private equity and other alternative investments. The portfolio is carried at estimated fair value (invested indirectly through various private equity funds).

Responsibilities:
This is a high-profile position in a non-traditional banking business. The CFO works closely with and supports the Chief Investment Officer and the investment fund managers and their teams. The CFO is also the primary point of contact for certain external service providers, regulators, and PNC Audit, Legal, Accounting Policy and other key internal partners.
Additional responsibilities include:• Reporting, budgeting, forecasting, stress testing, investment process (from initial documentation to funding), fair valuation review, performance analysis, and variance analyses• Prepare carry calculations quarterly and manage year-end long term incentive payment process• Serve as Secretary for PNC Capital Finance Board of Directors (establish meetings, prepare and coordinate materials, lead meeting, and prepare minutes) and for the Alternative Investment Management Committee • Develop and execute controls and policies/procedures/frameworks to support Enterprise Risk Framework as they relate to finance/accounting activities• Manage relationships with internal and external partners including legal, regulators, auditors, tax providers), risk personnel, and vendors (mostly Investran/FIS)• Serve as representative on Non-dollar Working Group• Oversee a team of 6 (4 direct reports) in multiple locations

This is a hybrid position which provides flexibility to work both in the office and remotely and is based in Pittsburgh, PA. Certain job responsibilities may require time in the office on a regular basis.

Job Description

• Manages and oversees a variety of financial management and accounting services. Works to create a high performing inclusive team. Generally manages a larger team, typically is a manager of managers, supporting a business segment(s), or manages multiple complex business sub-segments or functional units.
• Manages the preparation of internal financial and business metric reports and information to support quarterly and annual external reports. Reviews and comments on quarterly and annual public filings. Reviews and interprets financial reports to inform business decisions. Responsible for signing off on Controllers Checklists and Financial Reporting sub-certifications for assigned business. Communicates at the highest levels of the organization.
• Manages stategic planning process and produces annual budget process and monthly forecast updates. Identify ways to outperform. Responsible for delivering targets.
• Structures and manages delivery of ad hoc finance and accounting analysis, including management accounting analysis. Responsible for delivering recommendations at the highest level of the organization. Works closely with Accounting Policy on new accounting standard adoptions affecting their business. Performs/Reviews technical accounting research and documentation on issues affecting their business.
• Structures and leads the preparation of reports and analysis in response to requests and requirements of auditors, regulators, and investors. Communicates directly with external constituents. Identifies and escalates key risks to management. May also contribute to risk review and challenge for the business and for select areas of the organization. Promptly identifies and addresses control matters; maintains sound control processes. Prepares/reviews Stress testing projections for assigned business including performing respective model and non-model reviews. Involved in new model/non-model 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.

PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:

• Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
• Live the Values - Role models our values with transparency and courage.
• Enable Change - Takes action to drive change and innovation that will transform our business.
• Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
• Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.

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.

Budgeting - Knowledge of, and ability to apply, policies and practices for planning and administering a budget.

Business Analytics - Knowledge of technologies, techniques and practices for the evaluation of business performance data; ability to analyze business performance using advanced statistical methods to justify and drive future business planning decisions.

Decision Making and Critical Thinking - Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.

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.

Finance and Accounting - Knowledge of finance and accounting practices, financial analysis, and reporting; ability to apply this knowledge appropriately to diverse situations.

Work Experience

Roles at this level typically require a university / college degree. Higher level education such as a Masters degree, PhD, or certifications is desirable. Industry-relevant experience is typically 8+ years. At least 5 years of prior management experience is typically required. Proven leadership experience with a moderate to large scope of responsibility is required. In lieu of a degree, a comparable combination of education and experience (including military service) may be considered.

Education

Bachelors

Additional Job Description

Base Salary: Commensurate with skills and experience.

Benefits

PNC offers employees 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; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC.

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 [email protected].

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.

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.