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Citi Community Capital, Multifamily Underwriting Analyst - Officer

Job Req ID 24724240 Location(s) Tampa, Florida; Los Angeles, California; Irving, Texas Job Type Hybrid Job Category Credit
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The Citi Community Capital (CCC) Business within Citi’s Institutional Credit Management (ICM) Division, is seeking to hire a Multifamily Underwriting Analyst.  

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. The overall objective is to finance new construction and the preservation of affordable and workforce rental housing, as well as office, retail, warehouse/industrial, multifamily, hotel, and self-storage properties for Citigroup.

The Underwriter – C11 is an intermediate level role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and workflow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately 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 situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.


  • Interface with and support bankers in underwriting requests for commercial credit extensions for new and existing clients with ownership responsibilities for sound credit decisions and compliance with internal procedures/credit risk policy guidelines and standards.

  • Prepare a detailed written credit summary of commercial applicants requesting credit by analyzing the business, interpreting the finance need, identifying the strengths and prevailing risk factors and rendering a final credit decision.

  • Perform detailed financial analysis on companies, including trend and ratio analysis, and interpret the financial information.

  • Perform credit and personal financial statement analysis on individuals, guarantors, and co-borrowers in order to assess repayment capacity based on cash flow statements, tax returns, and statements.

  • Perform industry and geographical research and other due diligence as needed.

  • Maintain a solid understanding of Citibank products and services - within Small Business/Commercial Banking and the broader organization.

  • Maintain compliance with Citibank credit policies/practices and regulatory policies, to ensure business unit is in adherence to the above and receives satisfactory ratings from internal and external auditors.

  • Other duties as required to support business unit and company goals.

  • Appropriately assess risk when business decisions are made, demonstrating 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.


  • 2-5 years relevant experience

  • Degree in Quantitative Fields such as Economics, Engineering, Operations Research, Business Finance, or Mathematics.

  • Previous experience in credit risk management or equivalent training and experience preferably in the financial services industry.

  • Ability to apply credit and risk principles toward business goals.

  • Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency.

  • Must be highly organized and able to work in a fast-paced environment managing multiple projects and possess effective.

  • Interpersonal, organizational and analytic skills.


  • Bachelor's/University degree or equivalent experience

Additional Job Responsibilities:

  • Provide analytical and transactional support to the construction asset management team

  • Assist Asset Managers in reviewing and processing credit actions during construction, such as loan extensions, classified credit reviews and material events requiring lender consent and approval

  • Work with Asset Managers to conduct annual reviews of client relationships

  • Participate in credit approval process, assembling credit packages for Citi’s risk management review, drafting credit memos and obtaining the necessary credit approval documentation for credit actions on extensions, consents, loan modifications and relationship annual reviews

  • Assist Asset Managers in managing the pipeline of active credit actions during construction, following up on action dates and required deliverables

  • Support Asset Managers with monthly reporting responsibilities, including updates on the status of lease up and upcoming loan maturities

  • Participate in internal and external deal team calls, actively participating in discussion of the deal specific issues with other members of the deal team including bankers, underwriters, loan servicing, credit risk and construction management

  • Assist Asset Managers with ongoing relationship duties including issues that arise during construction, lease up, loan modifications, loan extensions and permanent loan conversions

  • Externally interact with borrowers, agencies, syndicators, legal counsel, and other transaction parties


Job Family Group:

Risk Management


Job Family:

Credit Decisions


Time Type:

Full time


Primary Location:

Tampa Florida United States


Primary Location Full Time Salary Range:

$69,050.00 - $96,350.00

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:

May 28, 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

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