The Citi Community Capital (CCC) Business within Citi’s Institutional Credit Management (ICM) Division, is seeking to hire a Multifamily
Underwriting Credit Officer. Citi Community Capital (CCC) provides a suite of financial products to help affordable housing developers
construct, rehabilitate, refinance, and acquire affordable multifamily housing across the country. Committed to the communities we serve,
CCC finances both straightforward and highly structured transactions for non-profit and for-profit affordable housing developers, community
Development Financial Institutions, and state and local government agencies. It is the mission of CCC to be the preferred financial partner for
affordable housing developers, non-profits and governmental entities that focus on community development. We provide our clients with a
distinctive, remarkable experience based on world class responsiveness, customer service, creativity, and superior execution. This mission
will be accomplished while delivering superior financial performance for Citi, consistent and impactful CRA results, and an inclusive and
rewarding experience for our employees.

Responsibilities:

• Develop recommendations on the credit by analyzing credit and financial performance utilizing systemic data available.
• Ensure consistency and compliance with credit policies
• Appropriately assess risk when business decisions are made, demonstrates particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Managing a portfolio of active construction deals.
• Confirming and monitoring the overall sources and uses for new and rehab construction deals from loan closing to loan conversion or repayment.
• Analyzing the availability of the flow of funds during construction and understanding the nuances and restrictions on the various funding source as well as specific requirements for funding the project costs.
• Working with internal partners in loan servicing, construction management and credit risk to review and approve monthly construction loan advances in adherence with funding priority, funding restrictions and state specific lien law
• Monitoring monthly property performance and absorption during lease up by tracking occupancy and net operating income against underwritten projections.
• Independently and proactively monitoring loans for covenant compliance and adherence to terms and conditions under the loan documents; taking a leadership role in problem solving and resolving any past due issues.
• Preparing and presenting credit recommendations for material credit actions that require credit committee approval such as loan extensions, modifications, restructures, participations.
• Conducting annual review of the recourse exposure of client relationships by assessing the financial strength of the sponsor and guarantors, analyzing project performance against milestones for repayment or conversion and understanding current market conditions.
• Proactively identifying and escalating issues that warrant additional investigation and internal discussion such as scheduling delays, cost overruns, accelerated contingency usage, stabilization delays or uncertainty of sources of repayment that may result in a delay in repayment or conversion, recommending and processing classification changes.
• Conducting periodic risk rating analysis on the sponsor strength, project performance and weighted average risk rating of the
  recourse relationship.
• Updating the property valuations through internal assessments or external appraisals based on current market conditions and overall performance of the property.
• Externally interact with borrowers, syndicators, issuers, subordinate lenders, legal counsel and other transaction parties.
• Internally interact with bankers, underwriters, closers, risk managers, construction managers and loan servicing.

Qualifications:

• 5-8 years relevant experience
• Proven analytical skills including the ability to read and assess individual and company financial statements, real estate cash flows, industry/competitive analysis and projections within the real estate field
• 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)
• 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.
• Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Education:

• Bachelor’s/University degree or equivalent experience

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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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$109,120.00 - $163,680.00

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.

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Most Relevant Skills

Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Anticipated Posting Close Date:

Mar 13, 2026

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

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