Senior Credit Underwriter

Citigroup Inc.; Chicago (IL); Hybrid; USD 144,000 - 217,000; Full time

Benefits offered by this job

Hybrid work model

Medical, dental & vision coverage

401(k)

Life and disability insurance

Paid time off

Job summary

Citi in Chicago seeks a Senior Credit Underwriter to assess and manage complex credit risk across a portfolio of commercial banking clients, shaping sound lending decisions and upholding regulatory standards. You will apply deep financial expertise to evaluate high‑value exposures and contribute to Citi's Commercial Banking performance.

Responsibilities include underwriting complex transactions, conducting detailed financial analysis, monitoring covenants, and mentoring junior staff.

Qualifications

• 10+ years of credit analysis or underwriting experience in a financial institution.
• Ability to read and interpret financial statements, cash flow projections, and industry analyses for credit risk.
• Strong knowledge of intermediate accounting theory and its application to credit underwriting.
• Proven ability to manage multiple assignments and meet deadlines in a structured office setting.
• Excellent written and verbal communication to influence senior stakeholders.

Responsibilities

• Underwrite complex, high-value commercial transactions and perform annual credit reviews.
• Analyze financial statements, trends, ratios, and industry data to assess creditworthiness.
• Evaluate collateral across AR, inventory, equipment, and real estate.
• Monitor covenant compliance through regular borrower reviews.
• Mentor and train junior staff in credit processing and underwriting.

Skills

Credit analysis experience

Financial statement analysis

Accounting knowledge

Communication skills

Time management

Education

Bachelor's degree in a relevant discipline

Master's degree in finance or accounting

Tools

Microsoft Excel

Moody's financial analysis software

Job description

Citi is looking for a Senior Credit Underwriter to assess and manage complex credit risk across a portfolio of commercial banking clients, playing a pivotal role in shaping sound lending decisions at one of the world's leading global banks. In this position, you will apply deep financial expertise to evaluate high-value credit exposures, ensure compliance with credit and regulatory standards, and contribute directly to the performance and integrity of Citi's Commercial Banking business. You will work alongside experienced bankers and credit professionals, bringing analytical rigour and strategic judgement to transactions that matter.

Responsibilities

• Assess credit extension requests for new and existing commercial clients, leading the underwriting of complex, higher-value transactions and producing thorough annual credit reviews.
• Conduct detailed financial analysis of companies, including trend analysis, ratio assessment, and interpretation of financial statements to evaluate creditworthiness and repayment capacity.
• Evaluate collateral performance across accounts receivable, inventory, machinery, equipment, and real estate to identify changes in trends and assess secondary repayment sources.
• Monitor borrower compliance through monthly and quarterly reviews, tracking adherence to loan covenants and flagging material deviations to the relevant stakeholders.
• Ensure credit decisions align with Citi's credit policies and regulatory requirements, contributing to satisfactory outcomes in internal and external audits.
• Mentor and train less experienced credit staff across application processing, credit analysis, and loan closing, building team capability and knowledge transfer.
• Conduct industry and geographical research and due diligence to support informed credit decisions and identify emerging risk factors.
• Identify and recommend process improvements that increase the efficiency and effectiveness of the credit underwriting function.

Required qualifications & skills

• 10 or more years of experience in credit analysis or underwriting within a financial institution, with direct involvement in loan officer or underwriting responsibilities.
• Advanced ability to read, interpret, and assess company financial statements, cash flow projections, and competitive and industry analysis in the context of credit risk.
• Solid knowledge of intermediate accounting theory and its practical application in the credit underwriting process.
• Demonstrated ability to manage multiple assignments simultaneously, maintaining accuracy and meeting deadlines in a structured office environment.
• Clear and effective written and verbal communication skills, with the ability to influence and engage senior stakeholders and colleagues across business areas.
• Proficiency in Microsoft Excel and Word, including the use of graphs and charts, as well as Moody's financial analysis software.
• Bachelor's degree or equivalent university-level qualification in a relevant discipline.

Beneficial skills & qualifications

• A background in credit training programmes, lending, or formal credit officer development within a regulated financial institution.
• A degree in finance or accounting, or a Master's degree in a related field.
• Familiarity with commercial banking products and services across a broad institutional context.

What we offer

At Citi, senior credit professionals gain meaningful ownership over decisions that shape the quality of our commercial lending portfolio. You will operate in a collaborative, performance-focused environment with access to global resources, continuous professional development, and the tools to make a measurable impact from day one.

• A hybrid working model with 3 days in the office and 2 days working remotely, giving you flexibility alongside meaningful team collaboration.
• Strategic influence over credit risk decisions on complex, high-value transactions within Citi's Commercial Banking business.
• Access to learning and professional development resources to deepen your expertise and advance your career at a global financial institution.
• A competitive compensation and benefits package, including financial wellbeing support designed for senior professionals.
• The opportunity to mentor and develop the next generation of credit professionals, building lasting impact within the team.
• Wellbeing support and work-life balance provisions that recognise the demands of a senior-level role.

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

• Working Environment: office setting, minimal travel required.
• Effort: minimal physical effort required.

Job Family Group:

Risk Management

Job Family:

Credit Risk

Time Type:

Full time

Primary Location:

Chicago Illinois United States

Primary Location Full Time Salary Range:

$144,480.00 - $216,720.00

• Discretionary and formulaic incentive and retention awards.
• Medical, dental & vision coverage.
• 401(k).
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.

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:

Sep 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.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.