Citi
Commercial Real Estate Underwriter
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Commercial Real Estate Senior Underwriter – Global Commercial Real Estate Clients, Wealth Division
At Citi, you’ll expand your skills and experience while contributing to one of the world’s most global banks. The company supports development through hands-on training, exposure to senior leadership, and traditional learning programmes.
The Commercial Real Estate Senior Underwriter is a strategic professional responsible for:
- Owning underwriting, deal execution, and portfolio management activities
- Providing competitive commercial real estate financing solutions to Ultra High Net Worth (UHNW) and Family Office clients across the UK/Europe and globally
Responsibilities
Key duties include, but are not limited to:
- Collaborating with senior underwriters and loan originators to assess and structure credit opportunities
- Conducting in-depth financial analyses, including:
- Evaluation of commercial real estate assets (offices, industrial, retail, hospitality, multifamily)
- Historical performance reviews and pro forma cash flow projections
- Sensitivity analysis, tenancy schedules, and operating cost reviews
- Balance sheet analysis of sponsors/borrowers
- Performing due diligence using research and due diligence report providers
- Drafting concise credit approval memorandums, identifying risks and mitigants, and recommending credit decisions (including risk ratings and regulatory classifications)
- Negotiating legal documentation for:
- New transactions
- Refinancing deals
- Restructuring activities
- Liaising with clients, advisers, and external stakeholders throughout underwriting, execution, and loan portfolio management
- Monitoring client covenants and conducting periodic reviews, including:
- Annual evaluations
- Waivers and extensions
- Appropriate handoffs to the portfolio management team
- Identifying early signs of credit deterioration, escalating concerns, and proposing corrective actions
- Ensuring compliance with Citi’s regulatory guidelines, policies, and procedures
- Staying updated on market trends and developments within commercial real estate
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Requirements
Experience & Skills
- Proven track record of success in relevant roles
- Strong analytical, financial, due diligence, and execution skills
- Preferred: Comprehensive experience in:
- Commercial real estate
- Credit risk underwriting
- Excellent communication (written and verbal) and interpersonal skills
- Ability to work collaboratively and independently
- Demonstrated negotiation and diplomacy skills
- Flexibility, initiative, and resilience in a fast-paced environment
Education
- Bachelor’s degree (or equivalent experience)
Note on Certification & Fit & Proper Process
This role is a Certified Role, subject to Citi’s Certification Regime (part of the Individual Accountability Regime). Successful candidates will undergo:
- Interviews, self-disclosures, and criminal record checks
- Reference and credit checks
- Annual re-certification regarding financial soundness, honesty, reputation, and competence
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By applying, you acknowledge awareness of these requirements and consent to necessary background checks.
Job Family & Work Type
✅ Job Family Group: Risk Management ✅ Job Family: Credit Risk ⚡ Working Hours: Full-time
Key Skills
Most Relevant
- Analytical Thinking
- Credible Challenge
- Financial Analysis
- Governance, Policy, Procedure & Regulation
- Risk Management Lifecycle
Additional Complementary Skills
Refer to the job description or contact the recruiter for further details.
Citi’s Commitment to Equality
Citi is an equal opportunity employer and values diversity. Applications are evaluated without consideration of: Race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military status, or any other characteristic protected by law.
Accessibility Support: If you are a person with a disability and require accommodations for recruitment tools or applications, please visit Citi’s Accessibility page to request assistance.
➡ View Citi’s EEO Policy Statement ➡ EEO Poster (Know Your Rights)
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