Leveraged Finance Senior Underwriter (C15/Director) New York, NY

Job Description

The Leveraged Finance Underwriting team (“LFU”) within Institutional Credit Management (“ICM”) is seeking a Director to join the North America team. The Director is an experienced Senior Underwriter level professional who will work with the team’s Underwriters to lead a best-in-class Leveraged Lending In-Business Credit organization with the primary goal of materially enhancing Citi’s end-to-end Leveraged Lending credit management process.

LFU Directors / Senior Underwriters are actively involved in Citi’s credit approval and origination process for leveraged finance transactions, as well as providing ongoing oversight of Citi’s credit monitoring and portfolio management activities, supporting Citi’s Leveraged Sponsor-owned and Leveraged Corporate clients. 

Our Senior Underwriters have a comprehensive understanding of a 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 and credit approval; (2) periodic credit monitoring; (3) portfolio management, limits 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

• 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

• Evaluate and gain a strong understanding of clients' business, financial performance and key credit drivers across various industries with the objective of building credit opinions / recommendations raising issues and concerns as needed

• Supervise the LFU Mumbai team responsible 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, responsible for their credit training, mentoring and professional growth 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 ICM’s credit underwriting end-to-end processes

• Lead responses and defend credits during Global Credit Reviews, Internal Audits, and Regulatory Reviews

• Remain current on relevant Leveraged Lending market trends

Qualifications

• Master’s in Finance / MBA with 10+ years of Non-Investment credit or related leveraged finance experience

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

• Proven ability to lead and execute multi-team / multi-region projects

• Strong writing, analytical, communication, and presentation skills

• Experience in coaching and mentoring junior bankers/underwriters

• Ability to take on demanding responsibilities, work under pressure, demonstrate initiative, and work independently while juggling multiple tasks at one time

Education:

• Bachelor's/University degree, Master's/MBA degree preferred.  

------------------------------------------------------

Job Family Group:

------------------------------------------------------

Job Family:

------------------------------------------------------

Time Type:

------------------------------------------------------

Primary Location:

------------------------------------------------------

Primary Location Full Time Salary Range:

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.

------------------------------------------------------

Anticipated Posting Close Date:

------------------------------------------------------

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.

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 Citi’s EEO Policy Statement and the Know Your Rights poster.