Commercial Real Estate Underwriter - AVP - London

Citigroup; City of London; On-site; GBP 65,000 - 85,000; Full time

Job summary

A leading financial services company in London seeks a Commercial Real Estate Underwriter - AVP. This seasoned role involves comprehensive credit reviews and analyses to support real estate projects, requiring expertise in underwriting, compliance, and strong communication skills. Ideal candidates are highly organized professionals experienced in the financial services sector, capable of managing multiple projects under pressure. The position demands a Bachelor's degree or equivalent experience.

Qualifications

• Relevant experience in underwriting.
• Previous experience in Commercial Real Estate underwriting or credit.
• Ability to apply credit and risk principles toward business goals.
• Demonstrated ability to drive results with urgency.
• Highly organized in a fast-paced environment.

Responsibilities

• Ensure Credit Approval Memo packages are complete and accurate.
• Support Senior Underwriters in making recommendations.
• Conduct in-depth analyses of financial data and client information.
• Assess deal strengths and weaknesses.
• Ensure compliance with regulatory and company guidelines.

Skills

Analytical skills

Communication skills

Interpersonal skills

Organizational skills

Time management

Education

Bachelor’s degree or equivalent experience

Job description

Commercial Real Estate Underwriter - AVP - London role at Citi

Institutional Credit Management (ICM) provides integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Credit Underwriting function (ICM‑UW) provides analysis, underwriting, first‑line‑of‑defense credit approval and subsequent credit monitoring.

The Underwriter is a seasoned professional role.

• Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and workflow for the area or function.
• Integrates subject matter and industry expertise within a defined area.
• Requires in-depth understanding of how areas collectively integrate within the sub‑function as well as coordinate and contribute to the objectives of the function and overall business.
• Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach / taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information.
• Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources.
• Strong communication and diplomacy skills are required.
• Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization.
• Work and performance of all teams in the area are directly affected by the performance of the individual.

Responsibilities

• Ensures Credit Approval Memo (CAM) packages are complete, accurate and thoroughly documented.
• Supports Senior Underwriters in making recommendations/credit decisions, including risk ratings and regulatory classifications.
• Conducts in-depth analyses of financial data and other information provided by the client.
• Conducts projection modeling, stress testing and other analyses using research and evaluations from a wide variety of sources.
• Assesses deal strengths and weaknesses and risk factors.
• Ensures all transactions are in compliance with regulatory and Citi guidelines, policies and procedures.
• Remains current on all aspects of the credit relationship, including exposure, compliance, and potential credit concerns.
• Oversees periodic relationship credit monitoring including Annual Reviews (ARs), Quarterly Reviews (QRs), and Criticized Credit Reviews (CCRs).
• Notifies bankers of any deterioration in operating performance based on financial reporting.
• Supports the Senior Underwriter and Underwriter during internal reviews (BICR, COBRA, IA) and external regulatory exam responses.
• Expected to be fully conversant on safe and sound risk practices within Real Estate Credit including all policies, procedures, laws, regulations and risk limits specific to their Portfolio.

Qualifications

• Relevant experience in underwriting.
• Previous experience working directly in Commercial Real Estate underwriting or credit preferably in the financial services industry.
• Ability to apply credit and risk principles toward business goals.
• Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency.
• Must be highly organized and able to work in a fast‑paced environment managing multiple projects and possess effective interpersonal, organizational and analytic skills.
• Solid organizational skills with ability and willingness to work under pressure and manage time and priorities effectively with little to no supervision.
• Highly effective written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority.

Education

• Bachelor’s/University degree or equivalent experience.

EEO Statement

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