Leveraged Finance Senior Underwriter – Senior Vice President

Citi•New York, NY

66d

About The Position

Leveraged Finance Underwriting (“LFU”) is seeking a Senior Vice President (SVP) to join the team. The SVP is an experienced Senior Underwriter level professional that will work with the full team to lead and drive best-in-class transaction underwriting with a goal of materially enhancing Citi’s end-to-end Leveraged Lending credit management process. LFU Underwriters 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 Leveraged Lending portfolio. Our Senior Underwriters have a comprehensive understanding of the wide range of complex financial issues facing our clients and can provide 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. Role and Responsibilities Work with team of 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 early problem recognition; (4) global leveraged lending related projects and strategic initiatives Collaborate with our product partners in Leverage Finance Capital Markets, Investment Banking, Corporate Banking and Risk, to carry out complex leveraged deal approvals for both Sponsors and Corporates. Work as part of the deal team, coordinating the deal execution, participating in due diligence, assessing risks and seeking committee approval on behalf of clients Interact regularly with our product partners in Leverage Finance Capital Markets Origination and Legal counsel (both internal and external) developing the ability to understand the deal structuring/terms and ensure they are properly documented and approved as per Citi’s Standards 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 enterprise 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 NY-based Analysts and Associates in coordination with LFU Mumbai to perform periodic written reviews of the clients' financial and operating performance, covenant compliance, management/relationship strategy, and competitive position within its peer group Help manage the LFU junior team (i.e., Analysts and Associates), responsible for their credit training and mentoring throughout their tenure in the group 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

Requirements

10+ years relevant leveraged lending underwriting 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 advanced knowledge of 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
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
Bachelor’s degree in Finance, Economics, Business Administration or Accounting

Nice To Haves

MBA/MSc degree preferred

Responsibilities

Work with team of 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 early problem recognition; (4) global leveraged lending related projects and strategic initiatives
Collaborate with our product partners in Leverage Finance Capital Markets, Investment Banking, Corporate Banking and Risk, to carry out complex leveraged deal approvals for both Sponsors and Corporates.
Work as part of the deal team, coordinating the deal execution, participating in due diligence, assessing risks and seeking committee approval on behalf of clients
Interact regularly with our product partners in Leverage Finance Capital Markets Origination and Legal counsel (both internal and external) developing the ability to understand the deal structuring/terms and ensure they are properly documented and approved as per Citi’s Standards
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 enterprise 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 NY-based Analysts and Associates in coordination with LFU Mumbai to perform periodic written reviews of the clients' financial and operating performance, covenant compliance, management/relationship strategy, and competitive position within its peer group
Help manage the LFU junior team (i.e., Analysts and Associates), responsible for their credit training and mentoring throughout their tenure in the group
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

Benefits

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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