Vice President, Underwriting – Industrials

3M HEALTHCARE; Irving (TX); On-site; USD 114,720 - 172,080; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k)

Paid time off packages

Incentive awards

Job summary

Citi in Irving, TX seeks a Vice President, Underwriter to lead credit decisions for the Industrials team, overseeing asset‑based and structured lending relationships. You will be a senior contributor with delegated authority, partnering with Relationship Managers to ensure underwriting quality and disciplined execution.

You will mentor junior staff, manage complex credit structures, and oversee ongoing portfolio reviews while maintaining strict policy compliance and regulatory readiness.

Qualifications

• 5‑8 years of credit underwriting, portfolio, or risk management experience within a multinational financial services organization.
• Proven analytical skills in assessing financial statements, cash flow, industry/competitive analysis, and projections, including complex structures with foreign subsidiaries.
• Strong knowledge of intermediate accounting theory and its application in credit underwriting.
• Excellent organizational, prioritization, and detail‑oriented skills with the ability to meet deadlines in a fast‑paced environment.
• Effective interpersonal, written, and verbal communication skills.
• Proactive problem‑recognition and resolution abilities, working autonomously and within a team.
• Proficiency with Excel, Word, and financial analysis software.
• Ability to handle complex issues with substantial impact, weighing alternatives and balancing conflicting needs.
• Latitude and discretion in decision making, with significant impact on the function and overall performance.

Responsibilities

• Lead underwriting for new and existing asset‑based lending relationships, ensuring sound credit decisions and policy compliance.
• Prepare and approve detailed credit memoranda outlining business rationale, key risks, mitigants, and structure.
• Analyze borrower performance, collateral quality, and cash‑flow sustainability across complex capital structures.
• Conduct in‑depth financial analysis, including trend, ratio, and cash‑flow analysis, and evaluate guarantors, co‑borrowers, and sponsor support.
• Perform industry, market, and geographic analysis to inform underwriting decisions.
• Oversee portfolio monitoring through monthly, quarterly, and annual reviews, track covenant compliance, collateral metrics, and identify early warning indicators.
• Recommend mitigation strategies for emerging credit concerns.
• Partner with internal teams and external counsel to ensure approved credit terms are reflected accurately in documentation.
• Support amendments, renewals, and modifications from underwriting through closing.
• Serve as a credit thought partner to Relationship Managers and product teams, providing leadership and governance.
• Mentor and develop junior Credit Officers and analysts.
• Maintain compliance with internal policies and regulatory expectations to support audit and exam readiness.

Skills

Analytical skills

Interpersonal skills

Written communication

Verbal communication

Problem-solving

Autonomous work

Team collaboration

Attention to detail

Organizational skills

Time management

Financial analysis

Tools

Excel

Word

Financial analysis software

Job description

Role Overview

The Vice President, Underwriter leads credit decisions for the Industrials team in Irving, TX, overseeing asset‑based and structured commercial lending relationships. The position serves as a senior individual contributor with delegated credit authority, partnering with Relationship Managers and ensuring underwriting quality, portfolio risk management, and disciplined execution.

Key Responsibilities

• Lead underwriting for new and existing asset‑based lending relationships, ensuring sound credit decisions and policy compliance.
• Prepare and approve detailed credit memoranda outlining business rationale, key risks, mitigants, and structure.
• Analyze borrower performance, collateral quality, and cash‑flow sustainability across complex capital structures.
• Conduct in‑depth financial analysis, including trend, ratio, and cash‑flow analysis, and evaluate guarantors, co‑borrowers, and sponsor support.
• Perform industry, market, and geographic analysis to inform underwriting decisions.
• Oversee portfolio monitoring through monthly, quarterly, and annual reviews, track covenant compliance, collateral metrics, and identify early warning indicators.
• Recommend mitigation strategies for emerging credit concerns.
• Partner with internal teams and external counsel to ensure approved credit terms are reflected accurately in documentation.
• Support amendments, renewals, and modifications from underwriting through closing.
• Serve as a credit thought partner to Relationship Managers and product teams, providing leadership and governance.
• Mentor and develop junior Credit Officers and analysts.
• Maintain compliance with internal policies and regulatory expectations to support audit and exam readiness.

Qualifications & Experience

• 5‑8 years of credit underwriting, portfolio, or risk management experience within a multinational financial services organization.
• Proven analytical skills in assessing financial statements, cash flow, industry/competitive analysis, and projections, including complex structures with foreign subsidiaries.
• Strong knowledge of intermediate accounting theory and its application in credit underwriting.
• Excellent organizational, prioritization, and detail‑oriented skills with the ability to meet deadlines in a fast‑paced environment.
• Effective interpersonal, written, and verbal communication skills.
• Proactive problem‑recognition and resolution abilities, working autonomously and within a team.
• Proficiency with Excel, Word, and financial analysis software.
• Ability to handle complex issues with substantial impact, weighing alternatives and balancing conflicting needs.
• Latitude and discretion in decision making, with significant impact on the function and overall performance.

Location & Compensation

Location: Irving, TX, United States

Salary Range: $114,720.00 – $172,080.00 (annual)

Benefits

Citi offers competitive employee benefits, including medical, dental, and vision coverage; 401(k); life, accident, and disability insurance; wellness programs; paid time off packages (vacation, sick leave, paid holidays); and discretionary and incentive awards for eligible employees.

EEO Statement

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law. If you are a person with a disability and need a reasonable accommodation, contact Citi’s Accessibility office.