The Underwriter is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.
Responsibilities: - Ensures Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented
• Support Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications
• Conducts in-depth analyses of financial data and other information provided by the client
• Conducts projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources
• Assesses deal strengths and weaknesses and risk factors
• Ensures all transactions are in compliance with regulatory and Citi guidelines, policies and procedures
• Remains current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns
• Oversees periodic relationship credit monitoring including Annual Reviews (ARs), Quarterly Reviews (QRs), and Criticized Credit Reviews (CCRs)
• Notifies bankers of any deterioration in operating performance based on financial reporting
• Supports the Senior Underwriter and Underwriter during internal reviews (BICR, COBRA, IA) and external regulatory exam responses
• 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
Qualifications:
- 5-8 years relevant experience
• Previous experience working directly in Commercial Real Estate underwriting or credit preferably in the financial services industry
• Previous transaction experience in non-recourse syndicated CRE financing highly preferable
• 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
• Proficiency in Chinese (reading and writing) required
Education: - Bachelor's/University degree or equivalent experience
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group: Risk Management
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Job Family: Credit Decisions
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Time Type: Full time
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Most Relevant Skills Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.
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Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.
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