The Citi Community Capital (CCC) Business within Citi’s Institutional Credit Management (ICM) Division, is seeking to hire a Multifamily Underwriter.

Citi Community Capital (CCC) provides a suite of financial products to help affordable housing developers construct, rehabilitate, refinance, and acquire affordable multifamily housing across the country. Committed to the communities we serve, CCC finances both straightforward and highly structured transactions for non-profit and for-profit affordable housing developers, Community Development Financial Institutions, and state and local government agencies.

It is the mission of CCC to be the preferred financial partner for affordable housing developers, non-profits and governmental entities that focus on community development. We provide our clients with a distinctive, remarkable experience based on world class responsiveness, customer service, creativity, and superior execution. This mission will be accomplished while delivering superior financial performance for Citi, consistent and impactful CRA results, and an inclusive and rewarding experience for our employees.

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:

Manage the ongoing performance and oversee the credit quality of an active portfolio of permanent loans that are collateralized by affordable multifamily developments located throughout the United States by:

• Working with internal and external partners in loan servicing, credit risk, Borrowers, and the servicer to process borrower requests (ex: lease reviews, Borrower restructures, property management changes, etc)

• Reviewing loan documents and third-party reports to determine compliance requirements. Independently and proactively monitor loans for covenant compliance and adherence to terms and conditions under the loan documents, taking a leadership role in problem solving and resolving any past due issues.

• Preparing and presenting credit recommendations for material credit actions that require credit committee approval such as loan extensions, modifications, restructures.

• Conducting annual review of the loan facility by analyzing project performance, market conditions, and underlying liquidity sources

• Proactively identifying and escalating issues that warrant additional investigation and internal discussion such as declining property performance, stressed DSCR, depleted operating reserves, and property condition, recommending and processing classification changes.

• Conducting periodic risk rating analysis on the loan facility

• Updating the property valuations through internal assessments or external appraisals based on current market conditions and overall performance of the property.

• Managing multiple processes simultaneously through a high level of organization and efficiency.

Qualifications:

• 5-8 years relevant experience

• Previous experience in credit card risk management or equivalent training and experience preferably in the financial services industry

• 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

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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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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