AVP - Credit Underwriting - Commercial Real Estate

Overview

Citi is seeking an AVP - Credit Underwriting - Commercial Real Estate (Internal Job Title: Underwriter - C12) to conduct financial analysis and credit underwriting of commercial real estate properties and sponsors/borrowers.

What you'll do

• 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 your portfolio.

What you'll need

• 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, with 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: MBA or CFA or CA.

Details

• Location: Mumbai, Maharashtra, India.
• Time type: Full time.
• Working environment: office setting, minimal travel required.
• Effort: minimal physical effort required.