AVP Special Assets Team - Distressed Corporate Debt Valuation Associate (Hybrid)

Background/Context:

The Special Assets Team ("SA') plays a critical role in the management, assessment and valuation of Citi's Banking & International Risk (BIR) classified portfolio, which contains many of the firm’s stressed and distressed institutional loans and other assets. SA works closely with Business, Risk, and Legal teams across the Banking and International globally to achieve the most favorable outcome for the firm.  The Valuation & Credit Analysis Team (VCAT), currently comprised of 30+ individuals globally within SA, specializes in providing detailed analysis on each company, including financial analysis, projections/valuation, classification analytics and detailed industry coverage.

Job Description:

As a member of the SA VCAT team, primary responsibilities include:

• Preparation of valuation and restructuring analysis for stressed and distressed corporates and situations, including the determination of write-off, reserve and risk of loss amounts that directly impact the P&L of the firm;
• Experience working with financial statements and general knowledge around common accounting principles and practices.
• Assess liquidity, debt capacity and other areas of financial and operating performance to evaluate areas of weakness and potential for turnaround, which is measured by setting and monitoring appropriate classification triggers;
• Model companies' financial position to determine appropriate debt structure and accurate debt value using the most appropriate valuation methodology;
• Track ongoing performance of classified credits, reporting to senior credit and business management;
• Prepare quarterly classification documents with detailed financial and credit analyses in order to maintain appropriate classifications of Citi's loan assets
• Actively work closely with other SA colleagues (Seniors Bankers and SCO-level transactors) to remain coordinated on the restructuring/valuation process and assess likely restructuring scenarios;
• Liaise with internal business and product areas in the bank, as well as external fund managers, advisors and consultants to develop deeper industry expertise;
• Assist with compliance with End User Computing (EUC) and Model Risk Management (MRM) Policy

Skills / Qualifications / Competencies:

• Excellent knowledge of credit assessment techniques and policies of the bank;
• Ability to analyze and evaluate  financial statements and business plans, across a range of industrial sectors;
• Understanding of corporate and debt structuring, with a particular understanding of bank loan documentation;
• Strong credit analysis and corporate financial modeling, including a range of valuation techniques (e.g. DCF, Comparable Companies, Comparable Transactions, etc.);
• Strong inter-personal skills and communication skills, both written and verbally;
• High energy levels, ability to multi-task, shift through complexity and work under pressure; and
• Ability to work independently, as well make meaningful contributions as part of a team
• Minimum 2 years of Banking or Risk Management experience

Education:

• Bachelor’s/University degree or equivalent experience with strong GPA

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

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