Senior Credit Underwriter, Commercial Banking

Citi; Chicago (IL); Hybrid; USD 144,000 - 217,000; Full time

Benefits offered by this job

Hybrid work model

Learning & development

Wellbeing programs

Job summary

Citi's US Commercial Bank (CCB) seeks a Senior Credit Underwriter to assess and manage complex credit risk across a portfolio of commercial banking clients. You will apply financial expertise to evaluate high-value exposures and ensure compliance with credit standards within Citi's global framework.

In this role you will mentor staff, conduct detailed financial analysis, and support underwriting decisions for mid- to large-sized borrowers.

Qualifications

• 10+ years of experience in credit analysis or underwriting within a financial institution.
• Advanced ability to read, interpret, and assess company financial statements, cash flow projections, 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.

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.

Skills

Credit analysis

Underwriting

Financial statement analysis

Communication skills

Excel & Word

Moody's software

Stakeholder influence

Education

Bachelor's degree or equivalent in finance/accounting

Master's degree in related field

Tools

Moody's financial analysis software

Job description

Citi's US Commercial Bank (CCB) seeks a Senior Credit Underwriter to assess and manage complex credit risk across a portfolio of commercial banking clients. You will apply financial expertise to evaluate high-value exposures and ensure compliance with credit standards within Citi's global framework.

In this role you will mentor staff, conduct detailed financial analysis, and support underwriting decisions for mid- to large-sized borrowers.