Credit Officer - Real Estate Underwriting

Citigroup Inc.; Houston (TX); Hybrid; USD 115,000 - 172,000; Full time

Benefits offered by this job

Hybrid schedule

Complex transactions exposure

Global learning resources

Wellbeing programs

Collaborative team

Job summary

Citi Community Capital in Houston, TX is seeking a Credit Officer, Real Estate Underwriting to underwrite construction and permanent loans for affordable housing projects across the West Coast and beyond. You will evaluate feasibility, review appraisals, and present credit recommendations.

The role requires 5–8 years of underwriting experience, strong analytical skills, and the ability to travel on short notice. Hybrid work arrangement with in-office and remote days is offered.

Qualifications

• Bachelor's degree required.
• 5-8 years of real estate loan underwriting experience, preferably in affordable housing.
• Ability to model construction budgets and operating proformas and assess feasibility.
• Strong written and verbal communication skills 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.

Responsibilities

• Underwrite affordable multifamily real estate credit requests for new and existing clients.
• 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 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 issues with transparency to protect Citi and clients.
• Identify process improvements to reduce costs and improve turnaround time.

Skills

Real estate underwriting

Financial analysis

Budget & proforma modeling

Credit risk evaluation

Written & verbal communication

Multi-transaction management

Travel ability

Education

Bachelor's degree

Master's degree

Job description

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

• 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.

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

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 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.

Most Relevant Skills

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

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Anticipated Posting Close Date

Oct 23, 2026

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

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.

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