Citi Group Multifamily Underwriter VP 

United States, California, Los Angeles 

183952144

Responsibilities:

Manage the ongoing performance and oversee the credit quality of an active portfolio of loans that are collateralized by affordable multifamily developments located throughout the United States by:

• Working with internal and external partners in loan servicing, credit risk, Borrowers, and the servicer to process borrower requests (ex: lease reviews, Borrower restructures, property management changes, etc)
• Reviewing loan documents and third-party reports to determining compliance requirements. Independently and proactively monitor loans for covenant compliance and adherence to terms and conditions under the loan documents, taking a leadership role in problem solving and resolving any past due issues.
• Preparing and presenting credit recommendations for material credit actions that require credit committee approval such as loan extensions, modifications, restructures.
• Conducting annual review of the loan facility by analyzing project performance, market conditions, and underlying liquidity sources.
• Proactively identifying and escalating issues that warrant additional investigation and internal discussion such as declining property performance, stressed DSCR, depleted operating reserves, and property condition, recommending and processing classification changes.
• Conducting periodic risk rating analysis on the loan facility.
• Updating the property valuations through internal assessments or external appraisals based on current market conditions and overall performance of the property.
• Managing multiple processes simultaneously through a high level of organization and efficiency.

Qualifications:

• Individual must have excellent verbal and written communication skills, organizational and interpersonal skills, as well as the ability to manage multiple assignments at once under tight deadlines.
• Strong quantitative skills with a high proficiency with Excel and other Microsoft based programs.
• Energetic individual who shows initiative, is a team player, and has a positive attitude to change.
• Candidate is required to have at least 2 years asset management/underwriting experience in the affordable housing industry.

Education:

• BA/BS in Finance or Real Estate preferred

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

Anticipated Posting Close Date:

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