Senior Vice President - Underwriter - Hybrid

Citigroup

New York (NY)

On-site

USD 164,000 - 245,000

Full time

5 days ago

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Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

401(k) plan

Life insurance

Disability insurance

Wellness program

Paid time off

Job summary

Citigroup in New York is seeking an experienced Underwriter - C14 to assess credit risk for complex wealth and institutional clients. You will analyze financial statements, collateral, and industry data, supporting lending decisions with expert judgment and ensuring regulatory compliance.

The role requires deep analytical skills, ability to negotiate with bankers, and leadership in guiding junior staff within Risk Management and Credit Risk functions, focusing on high-value transactions and

Qualifications

Bachelor's degree in finance or accounting (preferred).
Advanced analytical skills for reading financial statements, cash flow, and industry analysis.
Familiarity with accounting theory as applied to credit underwriting.
Strong organizational skills and attention to detail.
Excellent written and verbal communication; ability to guide and influence stakeholders.
Ability to work autonomously and within a team.
Proficiency in Excel and Word; knowledge of Moody's tools is a plus.

Responsibilities

Assist in underwriting credit extensions for new and existing clients, including annual reviews.
Perform detailed financial analysis of wealth clients and institutional offices; analyze trend and ratio data.
Evaluate collateral for hedge funds, private equity, and other investments.
Prepare reviews of borrowers to track covenant compliance.
Develop understanding of Citi products within Wealth Credit Management.

Skills

Advanced analytical skills

Excellent organizational skills

Effective communication

Problem recognition and resolution

Autonomy and teamwork

Financial statement analysis

Industry and competitive analysis

Education

Bachelor's degree in finance or accounting

Master's degree preferred

Tools

Excel

Word

Moody's financial analysis software

Job description

The Underwriter - C14 is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically, a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project.

Responsibilities

Assist Bankers and Lending Advisors in underwriting requests for credit extensions for new and existing clients, and in the writing of annual reviews with focus on more complex and higher dollar exposure transactions.
Perform detailed financial analysis of sophisticated wealth clients and Institutional Family Offices, including trend and ratio analysis, and interpret the financial information.
Perform detailed collateral analysis mainly of Hedge Funds, Private Equity and other alternative investments.
Prepare monthly and/or quarterly reviews of existing borrowers in order to track compliance with various loan covenants as outlined in the loan Agreement.
Build a solid understanding of Citibank products and services within the Wealth Credit Management organization.
Coordinate with bankers on customer calls and site visits, when appropriate.
Perform industry and geographical research and other due diligence as needed.
Be familiar with Citibank credit policies and practices and regulatory policies, to assist unit in achieving compliance with the above and satisfactory ratings from internal and external auditors.
Provides training for less experienced credit officers and other credit center staff in application processing, credit analysis and loan closing roles.
Provide backup to the team manager in workflow distribution and monitoring as needed.
Recommend changes to process to achieve greater efficiency.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Recommended Qualifications

10+ years of experience
Bachelor's degree in finance or accounting (preferred) - previous experience working in a financial institution with additional experience in a loan officer or underwriting role. (credit trained a plus)
Advanced analytical skills including the ability to read and assess company financial statements, cash flow, industry and competitive analysis and projections
Demonstrated knowledge of intermediate accounting theory and its practical application in the credit underwriting process
Excellent organizational skills, attention to detail, and the ability to complete assignments in a timely manner
Effective written and verbal communication skills
Problem recognition and resolution skills
Ability to work autonomously and within a team
Proficient in various spreadsheet and word processing applications (Excel and Word are preferred), including the use of graphs and charts, and Moody's financial analysis software

Education

Bachelor's/University degree, Master's degree preferred

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

New York New York United States

Primary Location Full Time Salary Range

$163,600.00 - $245,400.00

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: