Product Specialist - Underwriting

Are you looking to take the next step in your career, working within commercial Real Estate (CRE) lending?

Citi is currently looking to hire a loan underwriter who can evaluate small and medium lot size commercial real estate as collateral for lending, assess borrower creditworthiness, review due diligence, process credit approvals then monitor loan performance.

This is an Associate Vice President or Vice President role in-business role based in London.

What you will do will be varied day to day, but the key drivers for the role are :

• Evaluate commercial real estate properties along with market dynamics and futures drivers of performance. This may cover a wide range of commercial real estate asset classes such as industrial, retail, offices and living sector
• Strong understanding of lending/underwriting criteria to make sure loans meet the required standard
• Judgement/in business screening on whether CRE loan applications are suitable & prudent lending cases and should be considered for extension of credit
• Assessment of credit risks relating to CRE property/borrowers and mitigants.
• Analysis and modelling of commercial real estate and loans
• Preparation of credit memos and presentations for credit committee approvals
• Management of loan execution process, including discussions with third parties, servicers, clients and advisers
• Working with internal partners including risk, legal and onboarding
• Involvement in monitoring of financings and other ad hoc workstreams

What we will need from you:

• Experience in lending on commercial real estate for small and medium balance loans is required
• Knowledge of the commercial real estate property market
• Strong computing, numeracy and analytical skills required
• Strong interpersonal and communication (written and spoken) skills – English (required)
• Ability and willingness to travel for work in Europe
• Efficiency minded
• Self-motivated and a strong work ethic
• Ability to multi-task and meet short deadlines
• University degree or similar

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: 

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure

• A discretional annual performance related bonus 
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan 
• Paid Parental Leave 
• Special discounts for employees, family, and friends 
• Access to an array of learning and development resources 

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime.

The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016.

Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.

Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:

• Honesty, integrity and reputation

• Financial soundness

• Competence and capability

In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above.

This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.

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Job Family Group:

Product Management and Development

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Job Family:

Product Management

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review

View Citi’s EEO Policy Statement and the Know Your Rights poster.