Commercial Real Estate Underwriter

Job Description

In this role, you’re expected to:

• Conduct comprehensive financial analysis of Commercial Real Estate properties (e.g., multi-family, office, industrial, retail, hospitality) and associated sponsors/borrowers, including historical performance, pro forma projections, rent rolls, operating statements, and balance sheet analysis.
• Develop and maintain complex financial models (DCF, valuation, sensitivity analysis) specific to various CRE asset types and transaction structures (e.g., acquisition, development, refinance).
• Prepare well-reasoned and succinct credit approval request memorandums, highlighting key risks, mitigants, and actionable recommendations.
• Conduct projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources.
• Support Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications, using both quantitative models and qualitative judgment.
• Oversee periodic relationship credit monitoring including preparing Annual Reviews (ARs), Quarterly Reviews (QRs), and Criticized Credit Reviews (CCRs), ensuring effective information sharing and timely execution within global time zones.
• Proactively identify early warning signs of credit deterioration and elevate concerns to senior portfolio managers, proposing corrective actions.
• Review and validate the quality of financial spreads, reports, and static data updates.
• Support the Senior Underwriter and Underwriter during internal reviews (BICR, COBRA, IA) and external regulatory exam responses.
• Prepare executive-level materials and presentations summarizing complex financial analysis and risk assessments.
• Ensure all transactions are in compliance with regulatory and Citi guidelines, policies and procedures.
• 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.

As a successful candidate, you’d ideally have the following skills and exposure:

• 3-6 years of relevant experience.
• Previous experience working directly in Commercial Real Estate underwriting or credit preferably in the financial services industry.
• Strong financial modeling experience in Microsoft Excel, including complex financial modeling, data manipulation, and scenario analysis.
• 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 manage 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.
• MBA or CFA or CA preferred.

Additional Information:

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

Grade:

Salary Range-Level: C11-Structure: 5

Salary Range-Level: C11-Structure: 5-Standard-IND-4

Time Type:

Full time

Most Relevant Skills:

• Analytical Thinking
• Constructive Debate
• Escalation Management
• Financial Analysis
• Policy and Procedure
• Policy and Regulation
• Product Knowledge
• Risk Controls and Monitors
• Risk Identification and Assessment