Underwriter

Citi•New York, NY

29d•$122,600 - $130,000•Hybrid

About The Position

Citigroup Global Markets Inc. seeks an Underwriter for its New York, New York location. Duties include performing independent credit underwriting and risk analysis for complex Middle Market, Private Credit, Broadly Syndicated Loan, CLO, and structured finance transactions, including both new originations and amendments. The role involves conducting in-depth financial, credit, and structural analysis of borrowers, underlying assets, and transaction frameworks to assess creditworthiness and risk profile. The Underwriter will develop underwriting views, risk assessments, and credit recommendations to support approval decisions by senior risk and business stakeholders. Responsibilities also include leading the preparation of comprehensive underwriting memoranda, financial models, and analytical materials used in credit approval and transaction execution processes. Evaluating transaction structures, collateral arrangements, covenant frameworks, and repayment sources to identify key risks and mitigants is crucial. The role requires partnering with risk management, legal, operations, and business teams to resolve complex underwriting issues and support transaction execution. Additionally, the Underwriter will participate in credit discussions with internal stakeholders by presenting analytical conclusions and responding to risk-related inquiries. Monitoring approved credit exposures and assessing ongoing portfolio performance against underwriting expectations and risk standards is part of the role. Analyzing market, industry, and macroeconomic trends to inform underwriting decisions and portfolio risk assessments is also required. The position will support enhancements to underwriting processes, analytical tools, and data integration initiatives to improve credit decision-making. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements

Bachelor’s degree, or foreign equivalent, in Finance, Statistics, Business Analytics & Risk Management, Economics, Business Administration or related field
1 year of experience as an Underwriter or related position involving Corporate Credit, Underwriting or Structured Products.
Reviewing transaction term sheets / structures and credit agreements, assessing alignment with market terms and applicable risk parameters, and proposing amendments or edits which fit firm’s credit appetite and assessment of current market conditions
Monitoring the developments of underlying collateral and relevant credit trends of the portfolio companies and associated industries and sectors
Evaluating borrowing base and correlation risk across different assets/collateral, identifying relevant patterns and performing scenario analysis to assess potential credit outcomes
Researching private markets trends, investment strategies of institutional investors and other market participants to support underwriting decisions.

Responsibilities

Perform independent credit underwriting and risk analysis for complex Middle Market, Private Credit, Broadly Syndicated Loan, CLO, and structured finance transactions, including both new originations and amendments.
Conduct in-depth financial, credit, and structural analysis of borrowers, underlying assets, and transaction frameworks to assess creditworthiness and risk profile.
Develop underwriting views, risk assessments, and credit recommendations to support approval decisions by senior risk and business stakeholders.
Lead the preparation of comprehensive underwriting memoranda, financial models, and analytical materials used in credit approval and transaction execution processes.
Evaluate transaction structures, collateral arrangements, covenant frameworks, and repayment sources to identify key risks and mitigants.
Partner with risk management, legal, operations, and business teams to resolve complex underwriting issues and support transaction execution.
Participate in credit discussions with internal stakeholders by presenting analytical conclusions and responding to risk-related inquiries.
Monitor approved credit exposures and assess ongoing portfolio performance against underwriting expectations and risk standards.
Analyze market, industry, and macroeconomic trends to inform underwriting decisions and portfolio risk assessments.
Support enhancements to underwriting processes, analytical tools, and data integration initiatives to improve credit decision-making.