Citi Community Capital – Securitization Vice President ( C13)

Citi Community Capital ("CCC") is the community lending and investing arm of Citi, housed in in the Global Spread Products (“GSP”) vertical within Markets. Unique among its peers, CCC provides a comprehensive array of financial products from lending and equity investment to investment banking designed to create strong communities and contribute toward Citibank’s Community Reinvestment Act (“CRA”) performance.

CCC works with for-profit and non-profit developers, as well as state and local government agencies on both straightforward and highly structured transactions that may use a combination of taxable and tax-exempt loans or bonds, Low Income Housing Tax Credit equity, and governmental and private subsidies. CCC provides capital directly or as an intermediary. CCC is a construction lender and a permanent lender, a Fannie Mae DUS lender and a Freddie Mac Optigo lender. CCC also acts as principal in unique equity investments – all designed to improve neighborhoods, create jobs, or improve the health care services or educational opportunities available to the communities we serve.
 

CCC works throughout the country from 13 offices and, according to Affordable Housing Finance Magazine, has been the #1 affordable housing lender in the United States for the past 15 years. That success is due in large part to having the strongest, most innovative team of professionals in the country. CCC’s team of experienced professionals are able to provide creative financing solutions that are specifically designed to meet each client’s needs. 
 

CCC is looking to add a Vice President in our Securitization, Lending and Investing (SLI) Group, focused on CCC’s Securitization Platform. 

Job Responsibilities:

• Support CCC’s affordable housing securitization team in the structuring and execution of securitization transactions including underlying loan due diligence, rating agency coordination, data tape analysis and diligence and coordination with 3rd party underwriters

• Collaborate with the securitization team to review/select loans for securitization and create execution plan to meet annual budget expectations

• Manage the securitization’s collateral platform, including but not limited to:

• Providing direction internally and externally to prepare loans for securitization

• Engage third parties and credit/provide project delivery schedules

• Consistently modifying and proposing efficiencies to meet the needs of the platform’s initiatives

• Working with internal partners to develop or refine processes

• Draft materials and coordinate Investment Committee Approvals from Business, Risk, Asset Management, Transaction Management, Pricing and others

• Draft materials and coordinate internal approvals with control functions in Citi, including Risk, Treasury, Accounting Policy, Financial Control, Tax, Legal, Compliance, and others for new product initiatives

• Review loan level collateral and work with internal and external parties to verify accuracy, clean loan terms and modify loan documentation

• Analyze loan level key performance indicators in preparation for, or in response to, prospective investor questions, rating agency collateral review, and underwriter inquiries

• Seamlessly coordinate the delivery of external parties’ analysis, projects and review to meet transaction milestones

• Create educational presentations of the securitization platform and process, as required

• Prioritize, build and maintain relationships with clients, internal teams and external partners

• Respond timely to internal and external questions and requests related to active transactions

• Effectively prioritize projects and deliverables based on the needs of each active transaction

Qualifications:

• BA/BS with emphasis in real estate, business or economics preferred

• 7+ years experience in banking, consulting, finance or accounting preferred

• Excellent oral and written communication, organizational and interpersonal skills, as well as the ability to multi-task under tight deadlines

• Excellent MS Excel and quantitative analysis and spreadsheet skills are required

• Ability to create high-quality PowerPoint presentations

• The candidate will be required to pass all necessary FINRA exams and licensing requirements

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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