Private Equity Associate

PNC Mezzanine Associate Position

PNC Mezzanine, a private equity affiliate of PNC Financial Services Group, is seeking an Associate to join our team. Since our inception in 1989, we have actively invested over $2B of debt and equity capital in over 100 middle-market platform companies across a wide range of industries. Our current portfolio of nearly 30 companies includes minority and majority positions in industry leading middle-market businesses across North America. The Associate will be based in Pittsburgh, PA and will work closely with the firm's other investment professionals. Primary responsibilities include :

• Support senior investment professionals in all aspects of actively managing and monitoring a private equity investment portfolio
• Assist in the development, execution, and monitoring of company-level value-creation initiatives
• Attend and / or participate in monthly and / or quarterly portfolio Board meetings, including interacting directly with management teams and other private equity deal partners
• Perform due diligence procedures, including industry and company research across various industry sectors and geographies to support investment decisions
• Assist with the preparation of internal and external investment materials and analysis. Prepare in-depth financial models and analyses, including historical and projected financial results, evaluation of assumptions and risk factors.

Importantly, we expect an Associate's role to expand over time as they demonstrate an ability to take on additional responsibility. The successful candidate will have the following preferred qualifications :

Undergraduate degree in Finance, Business, Economics or Accounting

Minimum of two to three years of relevant work experience; ideally investment banking, private equity, or other M&A experience

Proficiency in financial analysis and modeling

Skill in analyzing investment opportunities including a thorough evaluation of all aspects of a company's business plan

Ability to communicate analytical findings in a clear and concise written manner, as well as oral presentations and informal discussions

Ability to interact effectively with senior managers of financial sponsors and target companies

PNC will not provide sponsorship for this position.

Pay Transparency Details : Base Salary Range : $85,000 $125,000 Salaries for this role may vary based on geographic location, market conditions, and individual qualifications, including skills, experience, and education. This position is incentive-eligible, with performance-based bonuses tied to company, business unit, and / or individual results. Incentive opportunities can reach 100% of the base salary, with typical target ranges between 25% to 100%, depending on experience and performance. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description :

Performs analytical and operational activities related to proposed deals and existing investments under the direction of senior staff professionals.

Participates in the identification, origination, analysis, closing and monitoring of investment transactions.

Participates in the marketing effort directed toward sources of investments in support of senior staff as needed. May develop sources and perform sales calls.

Performs in-depth analyses of prospective new investments including historical / projected financial results, industry research and risk factors. Determines acceptability of potential investments in conjunction with team.

Evaluates various opportunities for portfolio companies including evaluation of potential acquisitions, analysis of various comparable companies in contemplation of public offering and determination of fair market value of companies contemplating recapitalization and other exit scenario analysis as required.

Evaluates various existing opportunities for portfolio companies. Participates in the review of legal documentation prior to and following the transaction closing in conjunction with senior staff. Monitors compliance issues after closing. Works with internal finance staff to track portfolio performance, valuation and reporting.

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.

Preferred Skills :

Asset Allocation, Capital Management, Corporate Accounting, Credit Risk Analysis, General Ledger Administration, Investments, Revenue Recognition

Competencies :

Business Acumen, Cross-Team Integration, Decision Making and Critical Thinking, Effective Communications, Financial Forecasting and Modeling, Financial Statement Analysis, Investments, Managing Multiple Priorities, Quantitative Techniques

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

Certifications :

No Required Certification(s)

Licenses :

No Required License(s)

Pay Transparency :

Base Salary : $85,000.00 $125,000.00 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 11 / 25 / 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