Commercial Real Estate Underwriter in London

At Citi, you’ll have the opportunity to expand your skills and experience and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development with extensive on‑the‑job training and exposure to senior leaders, as well as more traditional learning.

The Commercial Real Estate Senior Underwriter is a strategic professional who owns the underwriting, deal execution and portfolio management activities for its assigned client relationships within the Global Commercial Real Estate Clients team, focused on providing competitive commercial real estate financing solutions to Ultra High Net Worth and Family Office clients of our Wealth division across UK/Europe as well as globally.

• Work closely with senior underwriters and loan originators in the initial assessment and structuring of credit opportunities.
• Conduct comprehensive financial analysis of commercial real estate assets (e.g., office, industrial, retail, hospitality, multifamily) and associated sponsors/borrowers, including historical performance, pro forma cashflow projections and sensitivity analysis, tenancy schedules, operating costs, balance sheet analysis.
• Conduct due diligence leveraging research and due diligence report providers.
• Prepare well‑reasoned and succinct credit approval memorandums, identifying key risks and mitigants; make credit decision recommendations including risk ratings and regulatory classifications.
• Assist with the negotiation of legal documentation for new, refinancing, or restructuring transactions, negotiating credit facilities with the assistance of external legal counsel.
• Interact with clients, their representatives and advisors, as required throughout the initial underwriting, deal execution and portfolio management of loans.
• Manage the periodic information, covenant monitoring, annual reviews, waivers & extensions for each credit relationship, managing appropriate hand‑offs to the portfolio management support team.
• Proactively identify early warning signs of credit deterioration and elevate concerns to senior portfolio managers, proposing corrective actions.
• Ensures all transactions are in compliance with regulatory and Citi guidelines, policies and procedures.
• Stay abreast of trends and developments within relevant markets.

• A good track record of relevant experience.
• Strong and proven analytical, financial analysis, due diligence and execution skills.
• Experience in commercial real estate and credit risk underwriting strongly preferred.
• Excellent communication (written and verbal) and interpersonal skills.
• Team player attitude and ability to work independently.
• Good negotiation and diplomacy skills.
• Displays flexibility and initiative in a demanding environment.

• Bachelor's/University degree or equivalent experience.

Candidates applying for this role must be aware that it is a Certified Role, subject to the Certification Regime. The Certification Regime is one element of the Individual Accountability Regime which has come into effect on 7 March 2016. Under the Certification Regime, certain Citi entities must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role. Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety: honesty, integrity and reputation; financial soundness; competence and capability. In order to comply with the requirements of the Certification Regime, certain Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self‑disclosures, permitted criminal record checks, reference checks, credit checks and other background checks. If hired for this role, you will also be required to complete an annual declaration regarding your Fitness and Propriety. By submitting your application, you acknowledge that you have read the information above and that you are applying for a Certified Role. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other background checks.

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, please refer to Accessibility at Citi.