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The Citi Community Capital (CCC) Business within Citi’s Institutional Credit Management (ICM) Division, is seeking to hire a Multifamily Underwriter / Asset Manager. CCC provides a suite of financial products to help affordable housing developers construct, rehabilitate, refinance, and acquire affordable multifamily housing across the country.
Job Responsibility:
Manage the ongoing performance and oversee the credit quality of an active portfolio of permanent loans collateralized by affordable multifamily developments
Work with internal and external partners to process borrower requests
Review loan documents and third-party reports to determine compliance requirements
Independently and proactively monitor loans for covenant compliance
Prepare and present credit recommendations for material credit actions
Conduct annual review of the loan facility by analyzing project performance, market conditions, and underlying liquidity sources
Proactively identify and escalate issues
Conduct periodic risk rating analysis
Update property valuations through internal assessments or external appraisals
Manage multiple processes simultaneously through a high level of organization and efficiency
Requirements:
5-8 years of experience
Excellent verbal and written communication skills
Organizational and interpersonal skills
Ability to manage multiple assignments at once under tight deadlines
Strong quantitative skills
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
At least 3 years asset management/underwriting experience, preferably in the affordable housing industry
BA/BS in Finance or Real Estate preferred
Nice to have:
BA/BS in Finance or Real Estate preferred
Experience in the affordable housing industry preferred
What we offer:
Medical, dental & vision coverage
401(k)
Life, accident, and disability insurance
Wellness programs
Paid time off packages including vacation, sick leave, and paid holidays
Discretionary and formulaic incentive and retention awards