Leveraged Finance Underwriter - (C12/AVP) - New York, NY

Leveraged Finance Underwriting (“LFU”) within Institutional Credit Management (“ICM”) is seeking an Associate/Junior Underwriter to join the team. The Associate is an intermediate 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 Management. 

LFU Associates 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 Associates the opportunity to develop a sound foundation of credit and origination 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.

Associate/Junior Underwriter Role and Responsibilities:

• Provide analytical support to Senior Underwriters and oversee Analysts team 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

• 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

• Demonstrate sound quality control over the materials and analysis utilized in transaction approval process, ensuring that critical information that drive credit approval decisions are being reviewed and presented appropriately

• Coordinate with Analysts and the LFU Mumbai Team to perform periodic written reviews of the clients' financial and operating performance

• Work in conjunction with deal team to assess risk and seek approval for and assist in executing transactions on behalf of clients

• Help manage Analyst pool, 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

• Research and develop robust understanding of the fundamentals of the key industry trends and risk issues and develop the ability to succinctly convey his/her thoughts and opinions to the Risk Managers and Bankers

• Responsible for monitoring news and events pertaining to Citi’s leveraged lending clients as well as providing regular updates to Senior Underwriters.

Qualifications:

• 3-5 years of credit analysis, origination or corporate banking related experience

• Team player with strong work ethic who also works well with others at all levels

• Strong writing, analytical, quantitative communication, and presentation skills

• Leadership skills and experience in coaching and mentoring Analysts

• Advanced knowledge of Microsoft Word, Excel, and PowerPoint

• Financial modeling experience on the job

• Ability to break down large amounts of data into concise, easy to understand formats

• Ability to quickly and accurately find information upon a Banker / Manager’s request

• Ability to take on demanding responsibilities and work independently, while juggling multiple tasks at one time effectively manage deadlines and juggle multiple tasks at once  

Education:

• Bachelor’s degree in Finance, Accounting, Economics or Business or equivalent experience

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