Corporate Banking Sr Associate - Real Estate

Citi; New York (NY); On-site; USD 165,000 - 185,000; Full time

Job summary

Citi's Real Estate Corporate Banking group in New York seeks a Senior Associate to support relationship management, credit underwriting, and transaction execution for RECB clients. This role sits between Analyst and Associate, aiming to lead complex financing and provide mentorship.

You will work with senior bankers on syndicated and bilateral loans, DSCR, LTV, and NOI metrics, produce credit memos, and coordinate due diligence while interfacing with Risk, Legal, and Loan Syndications teams.

Qualifications

• Advanced proficiency in Excel financial modeling and PowerPoint.
• Strong understanding of corporate finance, accounting, and real estate valuation.

Responsibilities

• Credit Underwriting & Portfolio Management for RECB clients.
• Draft and structure credit memorandums, annual reviews, and quarterly monitoring reports.
• Perform thorough financial statement analysis and risk rating assessments.
• Monitor portfolio compliance with covenants and industry trends.
• Develop, maintain, and stress-test cash flow models and valuation frameworks.
• Prepare punchy pitch books and client presentations for relationship reviews.

Skills

Excel modeling

PowerPoint

Corporate finance

Real estate valuation

Analytical skills

Communication

Work ethic

Series 79

Series 63

Education

Bachelor's degree in Finance/Economics/Real Estate/Business Administration

Job description

The Corporate Banking Senior Associate is responsible for assisting in relationship management, credit underwriting, and transaction execution for Citi’s Real Estate Corporate Banking (RECB) clients.

This role sits strategically between the Analyst and Associate levels. It is designed for an experienced professional who has mastered foundational financial modeling and credit analysis, and is ready to take on greater transaction leadership, direct client interaction, and mentorship of junior Analysts.

The Real Estate Corporate Banking group manages relationships with leading public Real Estate Investment Trusts (REITs), and large sponsors. The Senior Analyst will work closely with Associates, Vice Presidents, Directors, and Managing Directors to deliver comprehensive financial solutions, including syndicated loans, debt and equity capital markets products, derivatives, and treasury services.

Key Responsibilities

• Credit Underwriting & Portfolio Management
• Credit Memorandums: Lead the drafting and structuring of comprehensive credit memorandums, annual reviews, and quarterly monitoring reports for risk approval.
• Financial Analysis: Conduct thorough credit analysis, including detailed financial statement analysis, corporate structure reviews, and risk rating assessments.
• Portfolio Monitoring: Monitor an assigned portfolio of real estate corporate clients, ensuring strict compliance with financial covenants, tracking industry trends, and managing credit administration requirements.
• Financial Modeling & Valuation
• Advanced Modeling: Develop, maintain, and stress-test complex cash flow models and valuation frameworks for diverse real estate asset classes (multifamily, industrial, office, retail, and lodging).
• Metrics Mastery: Analyze real estate-specific metrics, including Net Operating Income (NOI), Capitalization Rates, Loan-to-Value (LTV), Debt Service Coverage Ratio (DSCR), and Funds From Operations (FFO/AFFO).
• Transaction Execution
• Deal Execution: Actively participate in the structuring, underwriting, and execution of syndicated and bilateral credit facilities, bridge loans, and construction loans.
• Due Diligence & Documentation: Coordinate due diligence processes, review legal documentation (credit agreements, term sheets, intercreditor agreements), and interface directly with Risk, Legal, and Loan Syndications teams.
• Client Relationship & Business Development
• Pitch Materials: Assist in the preparation of high-quality pitch books, client presentations, and relationship reviews.
• Client Interface: Participate in client calls and meetings, addressing operational inquiries and supporting senior bankers in business development efforts.
• Leadership & Mentorship
• Junior Guidance: Provide guidance, training, and quality-control support to junior Analysts within the team, helping to foster a collaborative and high-performing environment.

Qualifications

• Experience: 4-7 years of relevant experience in Corporate Banking, Investment Banking, Real Estate Finance, or Credit Risk Analysis
• Technical Skills: Advanced proficiency in Excel financial modeling and PowerPoint. Strong understanding of corporate finance, accounting, and real estate valuation principles.
• Analytical Capabilities: Exceptional analytical and problem-solving skills, with a high level of attention to detail and accuracy.
• Communication: Excellent written and verbal communication skills, with the ability to articulate complex financial concepts clearly to senior management, risk partners, and clients.
• Work Ethic: Highly motivated, self-starter with the ability to manage multiple projects simultaneously under tight deadlines. Strong team player.
• Licensing: Series 79 and 63 licenses are a plus

Education

• Bachelor’s degree in Finance, Economics, Real Estate, Business Administration, or a related field with a strong academic record.

Other Skills

• Commitment to personal growth and career development
• A strong desire to learn and succeed in team environment
• Knowledge of the global or domestic business landscape is a plus, but not required
• Strong communication, planning, and organizational skills
• Passion for client service and a dedication to deliver the best results on every project
• Desire to develop a deep understanding of the financial industry
• Unquestioned commitment to integrity and ethical decision-making.

Job Family Group

Institutional Banking

Job Family

Corporate Banking

Time Type

Full time

Primary Location

New York New York United States

Primary Location Full Time Salary Range

$165,000.00 - $185,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

Anticipated Posting Close Date

Oct 12, 2026

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