New York, NY, 10176, USA
17 days ago
Leveraged Finance Underwriting - VP
**Leveraged Finance Underwriting (“LFU”) within Institutional Credit Management (“ICM”) is seeking a Vice President to join the team. The VP is an Underwriter level professional that will work with the full team to lead and drive a best-in-class Leveraged Lending In-Business Credit organization with a goal of materially enhancing Citi’s end-to-end Leveraged Lending credit management process. This will be achieved through a strong partnership with Banking, Capital Markets and Risk.** **LFU VP’s will be actively involved in Citi’s credit approval and origination process for leveraged finance transactions, assisting clients in raising funds in the capital markets, as well as providing ongoing oversight of Citi’s credit monitoring support for Citi’s Lending Finance Portfolio of client relationships.** **Our Underwriters have a comprehensive understanding of the wide range of complex financial issues facing our clients and can provide VPs the opportunity to further develop an enhanced set of core credit skills. Combined with an appreciation of the broad set of services offered by Citi, this understanding allows us to effectively deliver innovative solutions to our clients, as well as properly manage the credit exposure within global Citi’s Leveraged Lending Portfolio.** **VP Role and Responsibilities:** **Work with Analysts, Associates and Senior Underwriters to oversee and** **provide critical support and leadership across LFU’s core functions: (1) Leveraged Finance transaction origination (LBO & Corporates) and credit approval; (2) periodic credit monitoring; (3) portfolio management and reporting, limits and early problem recognition; (4) global leveraged lending related projects and strategic initiatives** **Evaluate and gain a strong understanding of clients' business, financial performance and key credit drivers across various industries with the ability to raise issues and concerns as needed** **Review and analyze models used for valuation and to forecast the client's operating and financial performance and be able to articulate assumptions and analysis to senior Business and Risk** **Supervise Analysts and Associates** **in coordination with Citi’s Risk Analytics Unit to perform periodic written reviews of the clients' financial and operating performance, covenant compliance,** **management/relationship** **strategy, and competitive position within its peer group** **Work in conjunction with deal team to assess risk and seek approval for and assist in executing transactions on behalf of clients** **Help manage junior banking team, responsible for their credit training and mentoring throughout their tenure in the group** **Interact regularly with our product partners in Capital Markets, Investment Banking, Corporate Banking and Risk, in addition to Legal counsel (both internal and external) developing the ability to understand the deal structures and to ensure they are properly documented and approved as per the WCR Standards & Procedures** **Analyze underlying business rationale/strategy for deals that are conducted through creating both Business and portfolio reviews for Senior Management on the global risks for the portfolio as well as to highlight key trends in the market** **Thought leader to help develop and execute on a robust governance framework for the credit underwriting end-to-end processes** **Remain current on all relevant Leveraged Lending market trends and issues** **Qualifications:** **6-10 years previous credit authority experience. Prior experience working in a regulatory and compliance policy environment** **Proven analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry/competitive analysis and projections; including complicated business structures with foreign subsidiaries and/or parent organizations.** **Demonstrated knowledge of intermediate accounting theory and its practical application in the credit underwriting process** **Excellent organizational skills, prioritizing capabilities, attention to detail, and the ability to complete assignments within required deadlines in a fast-paced environment** **Effective inter-personal and written/verbal communication skills** **Thorough problem recognition and resolution skills** **Pro-active disposition with ability to work autonomously and within a team Proficient in various spreadsheet and word processing applications (Excel and Word), including the use of graphs and charts and financial analysis software** **Typically deals with 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 needs.** **Requires good analytical skills in order to filter, prioritize and validate potentially complex material from multiple sources.** **Exercises wide degree of latitude and discretion.** **Significant impact on the area through complex deliverables.** **Provides advice and counsel related to the technology or operations of the business.** **Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.** **Education:** **Bachelor’s/University degree, Master’s degree preferred** **This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.** ------------------------------------------------------ **Job Family Group:** Risk Management ------------------------------------------------------ **Job Family:** Credit Decisions ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $129,840.00 - $194,760.00 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. ------------------------------------------------------ **Anticipated Posting Close Date:** Oct 23, 2024 ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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