Underwriter - Vice President

Citigroup; New York (NY); On-site; USD 140,000 - 240,000; Full time

Job summary

Citigroup's Leveraged Finance Underwriting (LFU) team in New York seeks a Vice President/Underwriter to lead and drive best-in-class transaction underwriting, enhancing Citi's end-to-end credit management for leveraged lending.

The VP will collaborate with Analysts, Associates and Senior Underwriters across origination, credit approval, monitoring and portfolio management, coordinating with Debt Capital Markets, Investment Banking and Risk to ensure proper documentation and governance.

Qualifications

• 6-8 years relevant leveraged lending underwriting experience
• Proven analytical skills including the ability to read and assess financial statements, cash flow, industry/competitive analysis and projections
• Demonstrated advanced knowledge of accounting theory and its practical application in credit underwriting
• Excellent organizational skills, prioritizing capabilities, attention to detail, and the ability to complete assignments in a fast-paced environment
• Effective inter-personal and written/verbal communication skills
• Pro-active disposition with ability to work autonomously and within a team

Responsibilities

• Oversee and provide critical support across LFU's core functions: origination and credit approval; monitoring; portfolio management and early problem recognition
• Understand clients' business and financial performance and key credit drivers across industries
• Review models used for enterprise valuation and forecast performance and explain assumptions to senior staff
• Supervise Analysts and Associates, coordinating with LFU Mumbai on periodic reviews
• Interact with product partners in Debt Capital Markets, Investment Banking, Corporate Banking, Risk, and Legal to ensure deals are properly documented and approved
• Mentor LFU junior team members
• Analyze business rationale for deals and provide senior management with portfolio reviews and market trends
• Develop governance framework for credit underwriting end-to-end processes
• Stay current on Leveraged Lending market trends and issues

Skills

Analytical skills

Financial statement analysis

Cash flow analysis

Industry/competitive analysis

Accounting knowledge

Communication skills

Problem recognition

Team mentoring

Excel

Word

Education

Bachelor's degree

MBA/MSc degree preferred

Tools

Excel

Word

Job description

Leveraged Finance Underwriting ("LFU") is seeking a Vice President/Underwriter to join the team. The VP is an Underwriter level professional that will work with the full team to lead and drive best-in-class transaction underwriting with a goal of materially enhancing Citi's end-to-end Leveraged Lending credit management process.

LFU Underwriters are 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 Leveraged Lending portfolio.

Our Underwriters have a comprehensive understanding of the wide range of complex financial issues facing our clients and can provide the opportunity to further develop an enhanced set of core credit 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.

VP Role and Responsibilities:

• Work with Analysts, Associates and Senior Underwriters to oversee and provide critical support and leadership across LFU's core functions: (1) Leveraged Finance transaction origination (LBO & Corporates) and credit approval; (2) periodic credit monitoring; (3) portfolio management 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
• Review and analyze models used for enterprise valuation and to forecast the client's operating and financial performance and be able to articulate assumptions and analysis to senior Business and Risk
• Supervise Analysts and Associates in coordination with LFU Mumbai to perform periodic written reviews of the clients' financial and operating performance, covenant compliance, management/relationship strategy, and competitive position within its peer group
• Interact daily with our product partners in Debt 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
• Help manage the LFU junior team (i.e., Analysts and Associates), responsible for their credit training and mentoring throughout their tenure in the group
• 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
• Thought leader to help develop and execute on a robust governance framework for the credit underwriting end-to-end processes
• Remain current on all relevant Leveraged Lending market trends and issues

Qualifications:

• 6-8 years relevant leveraged lending underwriting experience. Prior experience working in a regulatory and compliance policy environment
• Proven analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry/competitive analysis and projections; including complicated business structures with foreign subsidiaries and/or parent organizations
• Demonstrated advanced knowledge of accounting theory and its practical application in the credit underwriting process
• Excellent organizational skills, prioritizing capabilities, attention to detail, and the ability to complete assignments within required deadlines in a fast-paced environment
• Effective inter-personal and written/verbal communication skills
• Thorough problem recognition and resolution skills
• Pro-active disposition with ability to work autonomously and within a team Proficient in various spreadsheet and word processing applications (Excel and Word), including the use of graphs and charts and financial analysis software
• Requires good analytical skills in order to filter, prioritize and validate potentially complex material from multiple sources
• Exercises wide degree of latitude and discretion
• Significant impact on the area through complex deliverables
• Provides advice and counsel related to the technology or operations of the business
• Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family

Education:

• Bachelor's/University degree, MBA/MSc degree preferred
• -Working Environment: office setting, minimal travel required.
• - Effort: minimal physical effort required.

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Job Family Group:

Risk Management ------------------------------------------------------

Job Family:

Credit Risk ------------------------------------------------------

Time Type:

Full time