Officer - Credit Underwriter - C10 - Mumbai

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

The Underwriter role is responsible for underwriting, closing and securitizing loans in coordination with the investment banking team. The overall objective is to finance new construction and the preservation of affordable and workforce rental housing, as well as office, retail, warehouse/industrial, multifamily, hotel, and self-storage properties for Citigroup.

In this role, you’re expected to:

• Create written and oral work products to test the financial feasibility and credit worthiness of loan forwards, permanent loans, and permanent loan conversions.
• Review due diligence and prepare internal committee packages for approval, as well as, credit submissions required for the sale of the loans to Bond Investors and for Rating Agencies. 
• Process transactions through internal systems to ensure regulatory requirements.
• Manage communications among a diverse mix of internal and external participants.
• Understand and analyze different local and national real estate markets.
• Travel to markets throughout the United States to conduct site inspections, meet with internal and external clients, and participate in training opportunities.
• Conduct analysis on firm special projects as needed.
• 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.

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

• 2-4 years relevant experience
• Loan underwriting or equivalent experience.
• Individual must have excellent communication, organizational and interpersonal skills.
• Individual must work well under tight deadlines, manage priorities, and complete assigned tasks with minimal management follow up. 
• Candidate has quantitative skills with a high proficiency with Excel and other Microsoft based programs.
• Excellent analytical and computer skills including the ability to quickly adopt new technology.
• The individual should have established working knowledge of lending Underwriting Guides and be familiar with the processes of Rating Agencies. 
• The successful candidate will be comfortable analyzing real estate projects for financial feasibility as well as analyzing property and market risk factors.  This person will be well versed in commercial real estate concepts such as NOI, Cap Rates, debt service coverage, etc.
• The individual will have the tact and composure to be client focused while also managing internal and external relationships.  A successful Underwriter will take ownership while maintaining attention to details and working independently or among team members. 
• This person will have the ability to read, comprehend, and summarize legal documents collected in the due diligence process. 
• Working knowledge of the nuances of loan transactions will be very highly weighted in favor of the successful candidate.
• Ability to travel (20% of time) on short notice necessary.  

Education:

• Bachelor's/University degree or equivalent experience.  

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