LEVERAGED FINANCE UNDERWRITER - (C12 / AVP) - NEW YORK, NY

Citibank; New York (NY); On-site; USD 109,000 - 164,000; Full time

Job summary

An established industry player is seeking a motivated Associate/Junior Underwriter to enhance its Leveraged Lending credit management process. This role involves analytical support for credit approval and origination, working closely with various teams to manage credit exposure effectively. The ideal candidate will have a strong background in credit analysis and corporate banking, demonstrating excellent communication and leadership skills. This opportunity offers a dynamic environment where you can develop your skills and contribute to innovative financial solutions for clients. Join a forward-thinking organization that values your expertise and fosters professional growth.

Benefits

Medical coverage

Dental coverage

Vision coverage

401(k)

Life insurance

Accident insurance

Disability insurance

Wellness programs

Paid time off

Paid holidays

Qualifications

• 3-5 years of credit analysis or corporate banking experience required.
• Strong analytical, writing, and presentation skills are essential.
• Leadership skills with experience in mentoring Analysts.

Responsibilities

• Provide analytical support to Senior Underwriters and oversee Analysts.
• Evaluate clients' financial performance and credit drivers.
• Coordinate with teams to assess risk and execute transactions.

Skills

Credit Analysis

Origination

Corporate Banking

Analytical Skills

Financial Modeling

Communication Skills

Leadership

Team Player

Education

Bachelor’s degree in Finance

Bachelor’s degree in Accounting

Bachelor’s degree in Economics

Bachelor’s degree in Business

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Leveraged Finance Underwriting (“LFU”) within Institutional Credit Management (“ICM”) is seeking an Associate/Junior Underwriter to join the team. The Associate is an intermediate level professional that will work with the full team to lead and drive a best-in-class Leveraged Lending In-Business Credit organization with a goal of materially enhancing Citi’s end-to-end Leveraged Lending credit management process. This will be achieved through a strong partnership with Banking, Capital Markets and Risk Management.

LFU Associates will be actively involved in Citi’s credit approval and origination process for leveraged finance transactions, assisting clients in raising funds in the capital markets, as well as providing ongoing oversight of Citi’s credit monitoring support for Citi’s Lending Finance Portfolio of client relationships.

Our Underwriters have a comprehensive understanding of the wide range of complex financial issues facing our clients and can provide Associates the opportunity to develop a sound foundation of credit and origination skills. Combined with an appreciation of the broad set of services offered by Citi, this understanding allows us to effectively deliver innovative solutions to our clients, as well as properly manage the credit exposure within global Citi’s Leveraged Lending Portfolio.

Associate/Junior Underwriter Role and Responsibilities:

• Provide analytical support to Senior Underwriters and oversee Analysts team across LFU’s core functions: (1) Leveraged Finance transaction origination (LBO & Corporates) and credit approval; (2) periodic credit monitoring; (3) portfolio management and reporting, limits and early problem recognition; (4) global leveraged lending related projects and strategic initiatives.
• Evaluate and gain a strong understanding of clients' business, financial performance and key credit drivers across various industries with the ability to raise issues and concerns as needed.
• Analyze models used for valuation and to forecast the client's operating and financial performance and be able to articulate assumptions and analysis to senior Business and Risk.
• Demonstrate sound quality control over the materials and analysis utilized in transaction approval process, ensuring that critical information that drive credit approval decisions are being reviewed and presented appropriately.
• Coordinate with Analysts and the LFU Mumbai Team to perform periodic written reviews of the clients' financial and operating performance.
• Work in conjunction with deal team to assess risk and seek approval for and assist in executing transactions on behalf of clients.
• Help manage Analyst pool, responsible for their credit training and mentoring throughout their tenure in the group.
• Interact regularly with our product partners in Capital Markets, Investment Banking, Corporate Banking and Risk, in addition to Legal counsel (both internal and external) developing the ability to understand the deal structures and to ensure they are properly documented and approved as per the WCR Standards & Procedures.
• Analyze underlying business rationale/strategy for deals that are conducted through creating both Business and portfolio reviews for Senior Management on the global risks for the portfolio as well as to highlight key trends in the market.
• Research and develop robust understanding of the fundamentals of the key industry trends and risk issues and develop the ability to succinctly convey his/her thoughts and opinions to the Risk Managers and Bankers.
• Responsible for monitoring news and events pertaining to Citi’s leveraged lending clients as well as providing regular updates to Senior Underwriters.

Qualifications:

• 3-5 years of credit analysis, origination or corporate banking related experience.
• Team player with strong work ethic who also works well with others at all levels.
• Strong writing, analytical, quantitative communication, and presentation skills.
• Leadership skills and experience in coaching and mentoring Analysts.
• Advanced knowledge of Microsoft Word, Excel, and PowerPoint.
• Financial modeling experience on the job.
• Ability to break down large amounts of data into concise, easy to understand formats.
• Ability to quickly and accurately find information upon a Banker / Manager’s request.
• Ability to take on demanding responsibilities and work independently, while juggling multiple tasks at one time effectively manage deadlines and juggle multiple tasks at once.

Education:

• Bachelor’s degree in Finance, Accounting, Economics or Business or equivalent experience.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Job Family Group:

Risk Management

Job Family:

Credit Decisions

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

$109,120.00 - $163,680.00

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.

Anticipated Posting Close Date:

Apr 13, 2025

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