Commercial Real Estate Underwriter - Officer

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

In this role, you’re expected to:

• Conduct comprehensive financial analysis of Commercial Real Estate properties (e.g., multi-family, office, industrial, retail, hospitality) and associated sponsors/borrowers, including historical performance, pro forma projections, rent rolls, operating statements, and balance sheet analysis.

• Develop and maintain complex financial models (DCF, valuation, sensitivity analysis) specific to various CRE asset types and transaction structures (e.g., acquisition, development, refinance)

• Prepare well-reasoned and succinct credit approval request memorandums, highlighting key risks, mitigants, and actionable recommendations.

• Conducts projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources.

• Support Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications, using both quantitative models and qualitative judgment.

• Oversees periodic relationship credit monitoring including preparing Annual Reviews (ARs), Quarterly Reviews (QRs), and Criticized Credit Reviews (CCRs), ensuring effective information sharing and timely execution within global time zones.

• Proactively identify early warning signs of credit deterioration and elevate concerns to senior portfolio managers, proposing corrective actions.

• Review and validate the quality of financial spreads, reports, and static data updates.

• Supports the Senior Underwriter and Underwriter during internal reviews (BICR, COBRA, IA) and external regulatory exam responses

• Prepare executive-level materials and presentations summarizing complex financial analysis and risk assessments.

• Ensures all transactions are in compliance with regulatory and Citi guidelines, policies and procedures

• Expected to be fully conversant on safe and sound risk practices within Real Estate Credit including all policies, procedures, laws, regulations and risk limits specific to their Portfolio

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

• 3-6 years of relevant experience

• Previous experience working directly in Commercial Real Estate underwriting or credit preferably in the financial services industry

• Strong financial modeling experience in Microsoft Excel, including complex financial modeling, data manipulation, and scenario analysis.

• Ability to apply credit and risk principles toward business goals.

• Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency

• Must be highly organized and able to work in a fast-paced environment managing multiple projects and possess effective interpersonal, organizational and analytic skills

• Solid organizational skills with ability and willingness to work under pressure and manages time and priorities effectively with little to no supervision

• Highly effective written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority.

Education:

• Bachelor's/University degree or equivalent experience

• MBA or CFA or CA preferred

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