Product Specialist - Underwriting

Embark on a dynamic career advancement within the Commercial Real Estate (CRE) lending sector by exploring this compelling opportunity at Citi. This role offers a significant step forward for professionals looking to deepen their expertise in a critical area of finance.

The Opportunity: Loan Underwriter (Associate Vice President/Vice President)

Citi is actively seeking a skilled Loan Underwriter to join their London-based team. This position focuses on evaluating small to medium lot size commercial real estate as collateral for lending. You will be instrumental in assessing borrower creditworthiness, conducting thorough due diligence, processing credit approvals, and actively monitoring the performance of existing loans.

This is a pivotal role with the potential for growth, classified as an Associate Vice President or Vice President level. The day-to-day responsibilities are varied and engaging, offering a comprehensive immersion into CRE lending.

Key Responsibilities and Daily Focus:

• Property and Market Analysis: Evaluate commercial real estate properties, understanding market dynamics and future performance drivers. This will encompass a diverse range of asset classes including industrial, retail, offices, and the living sector.
• Lending Criteria Mastery: Apply a strong understanding of lending and underwriting criteria to ensure all loans meet the highest standards of prudence and compliance.
• Discretionary Judgement: Exercise critical judgment in screening CRE loan applications to determine suitability and prudence for credit extension.
• Risk Assessment and Mitigation: Conduct in-depth assessments of credit risks associated with CRE properties and borrowers, identifying and implementing effective mitigants.
• Financial Modelling: Perform detailed analysis and modelling of commercial real estate assets and loan portfolios.
• Credit Approvals: Prepare comprehensive credit memos and presentations for submission to credit committees.
• Loan Execution Management: Oversee the loan execution process, engaging in discussions with third parties, servicers, clients, and advisors.
• Internal Collaboration: Work closely with internal partners across risk, legal, and onboarding departments to ensure seamless operations.
• Loan Monitoring and Ad Hoc Projects: Actively participate in the monitoring of financings and contribute to other ad hoc workstreams as required.

What Citi is Looking For in Candidates:

• Proven CRE Lending Experience: Demonstrable experience in lending on commercial real estate, specifically for small and medium balance loans.
• CRE Market Acumen: A solid understanding of the commercial real estate property market.
• Analytical Prowess: Strong computing, numeracy, and analytical skills are essential for success in this role.
• Exceptional Communication: Excellent interpersonal and communication skills, both written and spoken, with a high level of proficiency in English.
• Global Mobility: The ability and willingness to travel for work within Europe.
• Efficiency and Drive: An efficiency-minded approach, coupled with self-motivation and a strong work ethic.
• Adaptability: The capacity to multi-task effectively and meet demanding short-term deadlines.
• Educational Foundation: A university degree or equivalent qualification.

Why Choose Citi? Advantages for Your Career Path:

Citi is committed to fostering a positive impact on the communities it serves, and this commitment extends to its employees. By joining Citi, you are not just joining a leading financial institution; you are investing in your career and well-being.

Career Growth and Development:

• Exposure to Diverse CRE: Gain experience across a wide spectrum of commercial real estate asset classes, broadening your market knowledge.
• Strategic Decision-Making: Play a key role in assessing and approving significant lending decisions, developing your strategic thinking.
• Cross-Functional Collaboration: Work with a variety of internal departments, enhancing your understanding of the broader financial landscape and building a strong professional network.
• Learning and Development: Access to an array of learning and development resources designed to support your continuous professional growth.

Employee Well-being and Benefits:

• Competitive Compensation: Receive a competitive base salary that is annually reviewed, alongside a discretionary annual performance-related bonus.
• Work-Life Balance: Benefit from a hybrid working model, allowing for up to 2 days of working from home per week, promoting a healthy work-life integration.
• Generous Leave: Enjoy a generous holiday allowance starting at 27 days plus bank holidays, increasing with your tenure.
• Comprehensive Health Benefits: Access to private medical insurance packages tailored to your personal circumstances, and an Employee Assistance Program for holistic support.
• Financial Security: A robust Pension Plan and Paid Parental Leave contribute to your long-term financial security and family support.
• Exclusive Discounts: Take advantage of special discounts for employees, family, and friends.

Citi is dedicated to creating an inclusive workplace where everyone can bring their authentic selves to work every day. If you are seeking an environment that energizes talent, motivates individuals, and empowers them to thrive, then this opportunity at Citi London might be the perfect next step for you. Discover the true extent of your capabilities by exploring this role further.