Underwriter - Vice President

Citi; New York (NY); On-site; USD 130,000 - 195,000; Full time

Job summary

Citi is seeking a Vice President/Underwriter for Leveraged Finance Underwriting (LFU) in New York. The role leads underwriting efforts, engages with analysts and partners across Debt Capital Markets, Investment Banking, and Risk to drive high-quality credit decisions and governance for leveraged lending transactions.

You will oversee credit approval, monitoring, and portfolio management while mentoring junior staff.

Qualifications

• 6-8 years leveraged lending underwriting experience in a regulatory/compliance environment.
• Strong ability to analyze financial statements, cash flow and projections.
• Deep understanding of accounting theory and credit underwriting practices.
• Excellent organizational, prioritization and deadline adherence in a fast-paced setting.
• Proficient in Excel/Word and financial analysis tools.

Responsibilities

• Lead and collaborate with Analysts/Associates and Senior Underwriters across LFU functions: origination, credit approval, monitoring, portfolio management.
• Assess clients’ business performance and credit drivers across industries, escalating issues as needed.
• Review models for enterprise valuation and forecast financial performance; articulate assumptions to senior stakeholders.
• Supervise staff and coordinate with LFU Mumbai for periodic reviews of client performance and covenant compliance.
• Interact with Debt Capital Markets, Investment Banking, Corporate Banking, Risk, and Legal to document and approve deal structures per WCR Standards.
• Mentor LFU junior team members in credit training and development.
• Analyze business rationale for deals and prepare portfolio reviews for senior management on global risks and market trends.
• Develop and implement governance frameworks for end-to-end credit underwriting processes.
• Stay current on leveraged lending market trends and issues.

Skills

Analytical Thinking

Financial Analysis

Governance

Policy

Regulation

Risk Management

Credible Challenge

Education

Bachelor’s/University degree

MBA/MSc preferred

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.

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

$129,840.00 - $194,760.00

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.

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

Nov 06, 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.

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