Credit Officer - Real Estate Underwriting

Citigroup; Houston (TX); Hybrid; USD 115.000 - 172.000; Vollzeit

Benefits dieser Stelle

Hybrid schedule

Global learning resources

Wellbeing programs

Collaborative team

Zusammenfassung

Citi is seeking a Credit Officer, Real Estate Underwriting in Houston to underwrite construction and permanent loans for affordable and workforce housing. You will assess feasibility, analyze budgets, and produce credit recommendations across complex tax-advantaged structures.

Join Citi Community Capital, with a hybrid schedule, engaging with experienced bankers and risk professionals on nationwide deals. Applicants should have 5–8 years of underwriting and strong analytical skills.

Qualifikationen

• Bachelor's degree required with 5–8 years underwriting experience in real estate or affordable housing.
• Ability to model construction budgets and operating proformas for feasibility.
• Strong written and verbal communication with analytical rigor.
• Experience managing multiple transactions to strict deadlines.
• Willingness to travel on short notice.

Aufgaben

• Underwrite affordable multifamily real estate credit requests and take ownership of credit decisions.
• Analyze projects by building budgets and operating pro formas for feasibility.
• Review appraisals and third-party reports to validate assumptions and value.
• Evaluate market conditions and sponsor strength to mitigate risks.
• Produce detailed transaction summaries outlining needs, risk factors, and recommendations.
• Conduct due diligence with industry/regional research and uphold credit policy.

Kenntnisse

Analytical thinking

Financial analysis

Credit risk

Risk management

Attention to detail

Ausbildung

Bachelor's degree

Master's degree

Jobbeschreibung

As a Credit Officer, Real Estate Underwriting, you will underwrite construction and permanent loans that finance new construction, rehabilitation, and preservation of affordable and workforce rental housing across the West Coast. You will join Citi Community Capital, the community lending and investing arm of Citi's Global Spread Products Group, recognized as the leading affordable housing lender in the United States for 15 consecutive years. In this role, you will shape sound credit decisions on complex transactions that combine taxable and tax-exempt debt, Low Income Housing Tax Credit equity, and public and private subsidies.

Responsibilities

• Underwrite affordable multifamily real estate credit requests for new and existing clients, taking ownership of sound credit decisions.
• Analyze real estate projects for feasibility by building construction budgets and operating proformas.
• Review appraisals and third-party reports to validate project assumptions and property value.
• Evaluate market conditions and sponsor strength to identify and mitigate transaction risks.
• Write detailed transaction summaries that interpret financing needs, outline risk factors, and present a final credit recommendation.
• Conduct industry and regional research to support due diligence on each transaction.
• Apply credit risk policy guidelines and elevate control issues with transparency to protect Citi and its clients.
• Identify process improvements that reduce costs and improve turnaround time, working with management to prioritize and implement changes.

Required Qualifications & Skills

• Bachelor's degree is required.
• 5-8 years of real estate loan underwriting experience, ideally in affordable housing.
• Ability to model construction budgets and operating proformas and assess overall project feasibility.
• Strong written and verbal communication skills paired with sharp analytical thinking.
• Proven ability to manage multiple transactions against tight deadlines.
• High attention to detail and ownership of outcomes from analysis through resolution.
• Ability to travel on short notice.

Beneficial Skills & Qualifications

• Master's degree.
• Knowledge of bond and Low Income Housing Tax Credit transaction structures.
• Comfort adopting new analytical tools and technology quickly.
• Experience balancing client-facing composure with internal stakeholder management.

What We Offer

• Join a team recognized as the top affordable housing lender in the country and build deep expertise in structured real-estate finance while working closely with experienced bankers and credit professionals.
• A hybrid schedule with 3 days in the office and 2 days working remotely.
• Exposure to complex, structured affordable housing transactions that build specialized credit expertise.
• Access to global learning and development resources to grow your underwriting career.
• Programs supporting financial wellbeing, family needs, and work-life balance.
• The opportunity to work alongside a collaborative, high-performing team with national reach.

Job Family Group: Risk Management

Job Family: Credit Risk

Time Type: Full time

Primary Location: Houston Texas United States

Primary Location Full Time Salary Range: $114,720.00 - $172,080.00

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 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.

Most Relevant Skills: Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

Anticipated Posting Close Date: Oct 22, 2026

Join Citi Community Capital and help finance the affordable housing communities rely on.