Skip to main content


Multifamily Affordable Underwriter - AVP

Job Req ID 24729004 Location(s) Brentwood, Tennessee Job Type Hybrid Job Category Credit
Apply Now

Underwriting & Credit Analysis - Real Estate Credit Underwriting - Citi Community Capital Portfolio - Credit Associate AVP (C12)

Citi continues to enhance its business control and governance framework by building out Institutional Credit Management (ICM), a new function in the 1st Line of Defense, to house and consistently manage credit risk activities performed across its Institutional Client Group organization. ICM’s objective is to provide integrated “end-to-end” credit underwriting, identification, measurement, management, and monitoring for wholesale credit risk across the enterprise. Within ICM, the Credit Underwriting function (ICM-UW) provides analysis, greenlight, underwriting, first-line-of-defense credit approval and subsequent credit monitoring across all ICG wholesale credit businesses including Banking, Capital Markets, and Advisory (BCMA), Global Structured Products, Financings, and Securitizations (GSP-F&S), Treasury & Trade Services (TTS), Markets, and Securities Services (MSS). The Underwriting associate within Citi Community Capital being responsible for all underwriting activities, in partnership with Business and Risk. This role reports directly to the Deputy Chief Underwriter.


Executes, aligned with global and regional strategies, all responsibilities regarding underwriting, including, but not limited to:

• Adoption of leading practices in credit analysis, underwriting, and monitoring, including the end-to-end underwriting process, from early origination discussions to development of credit approval memos
• Drafting of Credit Approval Memo (CAM) packages including but not limited to ensuring they are complete and accurate
• Conducting initial financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis
• Support relationships with key stakeholders in Banking and Risk and with key Regulators, Internal Audit, and control functions
• Support ICM Underwriting organization on strategic initiatives/projects as required


• Experience in and exposure to global credit risk management standards
• Ability to understand financing and product structures
• Ability to assess financial and industry data to conduct credit assessment
• Able to discuss and address issues associated with the allocation of risk assets and risk capital in partnership with banking and product organizations.


• Proven ability to understand nuances of local markets, local regulation, and the capabilities and practices of competitors
• Navigates organizational complexity and breaks silos

• Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions.

• Provides well-reasoned, balanced assessments of risk/return trade-offs associated with transactions and client relationships


• 2-5 years risk/risk-related credit work experience in banking/financial institutions. LIHTC experience strongly preferred
• Experience in effectively engaging with various functions
• Demonstrates strong ethics and integrity
• Ability to understand the ‘big picture’ in a complex environment
• Strong verbal & written communication skills. Active listening skills.
• Demonstrated influencing and negotiating ability, resolve conflicts amongst various constituencies
• Proficient presentation skills – adept at presenting effectively to audiences of various sizes and various constituencies
•Ability to analyze real estate projects for feasibility including developing and modeling construction budgets, operating proformas, reviewing appraisals and other 3rd party reports, analyzing market factors, completing sponsor analysis as well as identifying and mitigating transaction risks.
• Strong knowledge of or the desire to learn the nuances of affordable housing, bond and LIHTC transactions.
• Excellent communication, organization, and interpersonal skills, as well as the ability to multi-task under tight deadlines.
• High attention to detail and the desire to take ownership of a process to drive towards resolutions.
• Ability to travel on short notice necessary.

• Bachelors degree or equivalent experience.


Job Family Group:

Risk Management


Job Family:

Credit Decisions


Time Type:

Full time


Primary Location:

Brentwood Tennessee United States


Primary Location Full Time Salary Range:

$87,280.00 - $130,920.00

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 Available offerings may vary by jurisdiction, job level, and date of hire.


Anticipated Posting Close Date:

Apr 08, 2024


Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

Apply Now

Saved Jobs

You have no saved jobs

Previously Viewed Jobs

You have no viewed jobs