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Citi is seeking a highly motivated and experienced professional to join our dynamic team, focusing on complex loan closing activities within affordable housing while contributing to broader transaction management functions across the lending lifecycle. The role involves managing all aspects of the loan closing process for complex transactions, ensuring timely, accurate, and compliant execution. This position requires a meticulous professional with a deep understanding of real estate finance, affordable housing development, the intricacies of tax credit structures, and broader loan operational processes. The individual will play a crucial role in enhancing performance, efficiency, and ensuring compliance throughout the loan lifecycle.
Job Responsibility:
Manage a pipeline of affordable housing loan closings from commitment through funding, including construction loans, permanent loans, and bond financings
Coordinate extensively with internal stakeholders (underwriting, legal, portfolio management, credit risk, operations) and external parties (counsel, developers, syndicators, investors, government agencies)
Review and analyze complex legal documentation, including loan agreements, partnership agreements, deeds of trust, regulatory agreements, and intercreditor agreements, to ensure all conditions precedent to closing are met
Exhibit a strong understanding of Low-Income Housing Tax Credits (LIHTC) and other tax credit programs, ensuring compliance requirements are meticulously integrated into the closing process
Oversee the satisfaction of all pre-closing conditions, track critical deadlines, and manage the collection and review of all required documentation
Facilitate the ordering and review of third-party reports, title insurance, and surveys
Prepare and/or review closing statements, disbursement schedules, and wire instructions
Proactively identify and resolve potential closing issues, collaborating with all parties to ensure smooth and efficient transaction completion
Contribute to the build and development of processes to support loan origination and lifecycle management for a variety of loan types, including corporate, commercial, real estate, structured, syndicated, and bilateral loans, as well as trade finance
Assist with the creation and continuous improvement of processes, standards, procedures, controls, and training for transaction management
Aid in the design, implementation, testing, and rollout of technology solutions related to loan lifecycle management
Provide training and support to transaction management staff and business constituents
Ensure that data quality, controls, and processes meet internal policies and regulatory requirements and expectations
Work with lines of business, transaction management, and loan operations to define and implement operational metrics and risk and control reviews to ensure end-to-end transparency
Participate in projects aimed at enhancing performance and efficiency, including loan remediation and loan system testing/migrations
Actively manage and maintain a deal closing pipeline of loan transactions and lifecycle events
Capture data, store documentation, troubleshoot issues/roadblocks, and perform quality control for loan transactions
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
Maintain accurate and organized electronic and physical closing files and documentation
Requirements:
Bachelor’s/University degree or equivalent experience in Finance, Real Estate, Business Administration, or a related field
2-5 years of relevant experience in loan closing or transaction management within financial services, with a strong preference for affordable housing finance
Demonstrated expertise in affordable housing finance, including a thorough understanding of Low-Income Housing Tax Credits (LIHTC), tax-exempt bonds, and other subsidy programs
Strong knowledge of real estate legal documentation, title and survey review, and closing mechanics
Knowledge of wholesale loan (syndicated / bilateral) product and business, including an understanding of legal loan documentation, loan / funding mechanics, deal structure, and funds flows is a plus
Experience with Loan IQ, transaction capture tools, or similar loan management software
Proficiency in Microsoft Office Suite (Word, Excel, Outlook). Tableau or visualization tool familiarity is a plus
Proven ability to manage multiple complex transactions simultaneously under tight deadlines and prioritize effectively with minimal management follow-up
Exceptional organizational skills, keen attention to detail, and developed analytical and problem-solving abilities
Excellent written and verbal communication, interpersonal, and client relationship skills, with the ability to effectively interact with all levels of internal and external stakeholders
Ability to work independently and as part of a collaborative team in a fast-paced, continuously changing environment where priorities are frequently shifting
Critical decision-making capabilities, including the ability to identify, escalate, and propose solutions to problems
Ability to multi-task through the practice of strong organizational and time management skills, with experience in continuously following-up with various stakeholders
Understanding and awareness of appropriate corporate and regulatory policies in relation to lending
Focus on achieving/exceeding key operating standards within a KPI/metrics driven culture
Nice to have:
Knowledge of wholesale loan (syndicated / bilateral) product and business, including an understanding of legal loan documentation, loan / funding mechanics, deal structure, and funds flows is a plus
Tableau or visualization tool familiarity is a plus
What we offer:
medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
discretionary and formulaic incentive and retention awards