Real Estate Underwriting Assistant Vice President

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Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as Citi Community Capital - Real Estate Underwriting  - Assistant Vice President (Internal Job Title: Underwriter - C12) based in Mumbai, India.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
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• We empower our employees to manage their financial well-being and help them plan for the future.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
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• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

The Analyst will hold a critical role within the Structured Credit and Real Estate Underwriting (RESCU) team, supporting the management of a multi-billion-dollar portfolio of real estate assets primarily in the affordable housing space (Citi Community Capital) across North America. The Analyst will gain broad exposure across the full credit lifecycle, covering Construction Financing, Guarantor Analysis, and Permanent Financing.

In this role, you’re expected to:

• Work proactively with the Underwriting team/ Asset Manager to ensure timely information flow/ communications among all internal stakeholders
• Review property-level financials (operating statements, rent rolls, NOI) and borrower/guarantor financial statements including REO exposure, to identify deteriorating trends and support portfolio reviews.
• Oversee and review the work product of junior analysts, providing constructive feedback to ensure quality, accuracy, and timely delivery in line with credit policies and WCR standards.
• Assist with classification and risk rating processes. Identify data trends & deteriorating asset performance. Keep abreast of industry/market developments and customer-specific events; consult with the Business and Underwriting on any action plans per policies (e.g., transaction classification changes)
• Monitor the ongoing compliance of assigned deals with the documented financing terms and conditions, portfolio performance and financial triggers with the aim of identifying and mitigating credit risks. Assist with classification and risk rating processes, decisions and monitoring
• Monitor projects under development, including oversight of construction progress, budget tracking, draw reviews, execution risks, risk ratings, and annual reviews through completion and stabilization.
• Prepare annual credit approval and quarterly memos in a timely manner
• Assist with stress testing, concentration analysis, audits, risk ratings, and credit policy initiatives
• Maintain audit-ready credit files in line with WCR policies

As a successful candidate, you’d ideally have the following skills and exposure:

• 6+ years of experience in credit analysis, portfolio management, underwriting, or structuring at a financial institution, rating agency, financial guarantor, or asset management firm
• Strong Microsoft Office skills. Modelling experience is a plus
• Strong attention to detail – Analyst will have responsibility for due diligence and documentation of transactions to ensure that all risk, business and policy points are covered
• Oral and written communications skills enabling him or her to effectively interact with internal and external constituents of all levels
• Team player with strong work ethic who also works well with others at all levels
• Strong organizational skills with ability and willingness to work under pressure and manages time and priorities effectively
• The ability to work independently to meet tight deadlines and initiate ideas with other members of the SCREU team and Independent Risk to mitigate risk.
• Real estate or structured credit experience preferred

Education:

MBA or CFA or CA

#LI-DG2

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

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Other Relevant Skills

Constructive Debate, Escalation Management, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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