Citi Group Citi Community Capital Multifamily Underwriting - AVP 

United States, District of Columbia, Washington 

337999567

• Develop recommendations to adjust credit policies by analyzing credit and financial performance utilizing statistical scoring, segmentation, regression and simulation techniques
• Implement initiatives to ensure consistency and compliance with credit policies
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Managing a portfolio of active construction deals.
• Confirming and monitoring the overall sources and uses for new and rehab construction deals from loan closing to loan conversion or repayment.
• Analyzing the availability of the flow of funds during construction and understanding the nuances and restrictions on the various funding sources as well as specific requirements for funding the project costs.
• Working with internal partners in loan servicing, construction management and credit risk to review and approve monthly construction loan advances in adherence with funding priority, funding restrictions and state specific lien law requirements.
• Monitoring monthly property performance and absorption during lease up by tracking occupancy and net operating income against underwritten projections.
• Independently and proactively monitoring 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, participations.
• Conducting annual review of the recourse exposure of client relationships by assessing the financial strength of the sponsor and guarantors, analyzing project performance against milestones for repayment or conversion and understanding current market conditions.
• Proactively identifying and escalating issues that warrant additional investigation and internal discussion such as scheduling delays, cost overruns, accelerated contingency usage, stabilization delays or uncertainty of sources of repayment that may result in a delay in repayment or conversion, recommending and processing classification changes.
• Conducting periodic risk rating analysis on the sponsor strength, project performance and weighted average risk rating of the recourse relationship.
• Updating the property valuations through internal assessments or external appraisals based on current market conditions and overall performance of the property.
• Externally interact with borrowers, syndicators, issuers, subordinate lenders, legal counsel and other transaction parties.
• Internally interact with bankers, underwriters, closers, risk managers, construction managers and loan servicing.

• 5-8 years relevant experience
• Previous experience in credit card risk management or equivalent training and experience 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

• Bachelor’s/University degree or equivalent experience

Anticipated Posting Close Date:

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