Senior Vice President, Underwriter, Commercial Real Estate

The Underwriter (SVP) is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically, a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers.

This Senior Vice President position is aligned to the Commercial Real Estate ICM-UW team, playing a critical role in supporting the CRE Financing business operating throughout APAC. The selected candidate must be able to evaluate complex and variable credit risk issues relating to a range of commercial real estate financing structures and transactions for a portfolio of strategic private equity and private credit investors, active throughout various APAC geographies (Australia/ New Zealand, Singapore/SEA, Hong Kong/Greater China and India).   

Responsibilities:

• Assist bankers and Underwriters in underwriting requests for credit extensions for new and existing clients, and in the writing of annual reviews with focus on more complex and higher dollar exposure transactions.
• Perform detailed financial analysis on companies, including trend and ratio analysis, and interpret the financial information
• Supporting business origination through the provision of timely and accurate financial analysis and recommendations regarding new transaction opportunities.
• Make well-articulated recommendations on credit decisions, including risk ratings and regulatory classifications, to achieve consensus with deal teams and Risk approvers.
• Support and confirm due diligence activities and preparation of credit memorandums during new deal origination. This may include some travel to tour/inspect new assets as part of the due diligence process.
• Conduct in-depth analyses of financial data and other information, assessing deal strengths, weaknesses and risk factors though research and evaluations from a wide variety of sources.
• Ensure credit approval packages are complete, accurate and thoroughly documented and ensure that all transactions follow regulatory and Citi guidelines, policies and procedures.
• Remain current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns.
• Conduct periodic credit monitoring reviews and update risk ratings and regulatory classifications accordingly.
• Maintain and update internal system records for credit approval and consent, and loan performance data for regulatory reporting.
• Inform bankers and 2nd Line of Defense of any deterioration in operating performance based on financial reporting.
• Ensure Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented and ensure that all transactions follow regulatory and Citi guidelines, policies and procedures.
• Support and Confirm deal team due diligence activities and preparation of CAMs during new deal origination.
• Verify data accuracy in collateral and facility records, for example, prepared by other internal partners.
• Support Senior members of the ICM team in making recommendations/credit decisions, including risk ratings and regulatory classifications as well as during internal audits and external regulatory exam responses.
• Fully conversant on prudent risk practices within Real Estate Credit including all policies, standards, procedures, and risk limits specific to their Portfolio.
• Prepare monthly and/or quarterly reviews of existing borrowers in order to track compliance with various loan covenants as outlined in the loan Agreement.
• Perform industry and geographical research and other due diligence as needed.
• Be familiar with Citibank credit policies and practices and regulatory policies, to assist unit in achieving compliance with the above and satisfactory ratings from internal and external auditors.
• Provides training for less experienced credit officers and other credit center staff in application processing, credit analysis and loan closing roles.
• Recommend changes to process to achieve greater efficiency.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 10+ years of experience
• Bachelor's degree in finance or accounting (preferred) - previous experience working in a financial institution with additional experience in a loan officer or underwriting role. (credit trained a plus)
• Advanced analytical skills including the ability to read and assess company financial statements, cash flow, industry and competitive analysis and projections
• Demonstrated knowledge of intermediate accounting theory and its practical application in the credit underwriting process
• Excellent organizational skills, attention to detail, and the ability to complete assignments in a timely manner
• Effective written and verbal communication skills
• Problem recognition and resolution skills
• Ability to work autonomously and within a team
• Proficient in various spreadsheet and word processing applications (Excel and Word are preferred), including the use of graphs and charts, and Moody's financial analysis software

Education:

• Bachelor’s/University degree, Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

------------------------------------------------------

Job Family Group:

------------------------------------------------------

Job Family:

------------------------------------------------------

Time Type:

------------------------------------------------------

Most Relevant Skills

------------------------------------------------------

Other Relevant Skills

------------------------------------------------------

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.