Institutional Credit Management - Underwriter - Officer

Citi; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

Citi in New York is seeking a highly qualified Underwriting Officer to join the Institutional Credit Management team. The role involves comprehensive credit risk assessment for Citi's Large Corporates portfolio. You will manage low-to-medium complexity transactions, maintain accurate financial documentation, and support internal credit ratings.

The ideal candidate has a Bachelor’s degree, 3-6 years experience in financial analysis, and proficiency in Microsoft Office Suite. Join a diverse team dedicated to high ethical standards and continuous learning.

Qualifications

• Minimum 3 - 6 years of experience in credit risk analysis.
• Ability to interpret and apply internal credit policies and procedures.
• Strong foundation in financial analysis and understanding financial statements.

Responsibilities

• Maintain coverage of a low-to-medium complexity portfolio.
• Ensure consistency and accuracy on financial spreads and ratios.
• Prepare accurate supporting documentation for internal credit ratings.

Skills

Financial analysis

Financial modeling

Proficiency in Microsoft Office Suite

Education

Bachelor’s/University degree

MBA or CFA or CA preferred

Job description

Institutional Credit Management - Underwriter - Officer

Institutional Credit Management (ICM) is a first line of defense function that houses and consistently manages credit risk activities performed for Citi’s institutional clients. Within ICM, the Credit Underwriting function provides credit analysis, underwriting, and first line of defense credit approval for periodic / material transaction reviews, and the subsequent credit monitoring across all institutional businesses including Banking, Services, and Markets relationships.

Citi is seeking a highly qualified and motivated individual to join the ICM team as an Underwriting Officer/ Analyst. The Underwriting Officer / Analyst will be responsible for the comprehensive assessment and management of credit risk associated with Citi's Large Corporates portfolio.

In this role, you’re expected to:

• Under the guidance of an Underwriter:
  • Maintain coverage of a low-to-medium complexity portfolio of obligors and author timely and thorough Annual and Quarterly review memos
  • Author low complexity Transaction memos
  • Build projection models
• Monitor client portfolio by reading industry reports, analyzing financial filings, news, rating agencies’ reports
• Ensure consistency and accuracy on financial spreads and ratios throughout all monitoring memos
• Build projection models under the close guidance of an Underwriter
• Prepare accurate supporting documentation for internal credit ratings and classifications, utilizing appropriate internal models and analytical guidance
• Keep written commentary concise and focused throughout all monitoring memos
• Submit workflows in a timely manner and follow up with Risk or Underwriters for approval promptly
• Develop and demonstrate basic understanding of internal policies and procedures
• Ensure key tracked milestone deliverables are met and comply with key KPIs
• Ensure timely completion of remediations identified during the internal testing process
• Assist with ad hoc projects
• Timely completion of all mandatory compliance / analytical trainings
• Effectively communicate questions, concerns and/or potential delays pertaining to portfolio monitoring with Underwriters

Key Competencies:

• Commitment to professional development and continuous learning
• Ability to complete the basic transactions independently and low-medium complexity transactions under the guidance of underwriters
• Ability to interpret and apply internal credit policies and procedures
• Adherence to the highest ethical standards and a commitment to Citi's core values
• Ability to communicate effectively with diverse audiences
• Good interpersonal and relationship-building skills
• Good organizational and time management abilities

As a successful candidate, you’d ideally have the following skills and exposure:

• Minimum 3 - 6 years of experience
• A strong foundation in financial analysis, including basic knowledge in interpreting financial statements and identifying key risk indicators
• Foundational understanding of financial modeling and valuation techniques
• Foundational understanding of standard product documentation (ISDAs, credit/facility agreements, amongst others)
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint)

Education:

• Bachelor’s/University degree or equivalent experience.
• MBA or CFA or CA preferred

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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