AVP - Credit Underwriting - Commercial Real Estate

Citi Group; Mumbai; On-site; INR 3,000,000 - 6,000,000; Full time

Job summary

Citi in Mumbai, India seeks an AVP - Credit Underwriting for Commercial Real Estate to lead complex financial analyses, build robust CRE models, and prepare credit memos with clear mitigants and recommendations.

You will support senior underwriters, monitor portfolio risk, and ensure regulatory compliance as part of a global risk team with strong growth opportunities.

Qualifications

• 6+ years of relevant experience in CRE underwriting or credit.
• Strong financial modeling and Excel skills.
• Ability to prepare concise credit memo with mitigants and recommendations.
• Excellent written and verbal communication skills.

Responsibilities

• Conduct comprehensive financial analysis of Commercial Real Estate properties and sponsors.
• Develop and maintain complex financial models (DCF, sensitivity) for CRE transactions.
• Prepare credit approval memorandums highlighting risks and recommendations.
• Support senior underwriters in credit decisions and risk rating.
• Ensure compliance with Citi guidelines and regulatory requirements.

Skills

Credit underwriting

Financial modeling

CRE analysis

Risk assessment

Stakeholder communication

Education

MBA or CFA or CA

Job description

AVP - Credit Underwriting - Commercial Real Estate (Internal Job Title: Underwriter - C12)

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. Shape your Career with CitiWe're currently looking for a high caliber professional to join our team as AVP - Credit Underwriting - Commercial Real Estate (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.
• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That's why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• 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.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
• 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.

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.

Key Skills & Experience

• 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

Working Environment

Working Environment: office setting, minimal travel required.

Effort: minimal physical effort required.

Job Family Group: Risk Management

Job Family: Credit Risk

Time Type

Full time

Education

MBA or CFA or CA

Equality & Inclusion

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.