Commercial Real Estate Underwriter - AVP - London

Institutional Credit Management (ICM), provides integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise.  Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, underwriting, first-line-of-defense credit approval and subsequent credit monitoring. 

The Underwriter is a seasoned professional role.  

• Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and workflow for the area or function.  

• Integrates subject matter and industry expertise within a defined area.  

• Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business.  

• Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information.  

• Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources.  

• Strong communication and diplomacy skills are required.  

• Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization.  

• Work and performance of all teams in the area are directly affected by the performance of the individual. 
   
  Responsibilities: 

• Ensures Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented 

• Support Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications 

• Conducts in-depth analyses of financial data and other information provided by the client 

• Conducts projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources 

• Assesses deal strengths and weaknesses and risk factors 

• Ensures all transactions are in compliance with regulatory and Citi guidelines, policies and procedures 

• Remains current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns  

• Oversees periodic relationship credit monitoring including Annual Reviews (ARs), Quarterly Reviews (QRs), and Criticized Credit Reviews (CCRs) 

• Notifies bankers of any deterioration in operating performance based on financial reporting 

• Supports the Senior Underwriter and Underwriter during internal reviews (BICR, COBRA, IA) and external regulatory exam responses 

• Expected to be fully conversant on safe and sound risk practices within Real Estate Credit including all policies, procedures, laws, regulations and risk limits specific to their Portfolio 

• Qualifications: 

• Relevant experience in underwriting

• Previous experience working directly in Commercial Real Estate underwriting or credit preferably in the financial services industry 

• Ability to apply credit and risk principles toward business goals 

• Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency 

• Must be highly organized and able to work in a fast-paced environment managing multiple projects and possess effective interpersonal, organizational and analytic skills 

• Solid organizational skills with ability and willingness to work under pressure and manages time and priorities effectively with little to no supervision 

• Highly effective written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority 

 
Education: 

• Bachelor’s/University degree or equivalent experience 

 
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.