Credit Underwriter - Natural Resources (Power, Energy and Chemicals) - Senior Vice President in London

The Underwriter is a strategic professional who stays abreast of developments within their field and contributes to directional strategy by considering their application in their job and the business. Recognized technical authority for an area within the business, requiring basic commercial awareness. Developed communication and diplomacy skills are required to guide, influence, and convince others, particularly colleagues in other areas and occasional external customers. The role has a significant impact on the area through complex deliverables and provides advice and counsel related to the technology or operations of the business.

A Natural Resources Underwriter in Corporate Developed Markets covers large and complex relationships within the United Kingdom (UK) and Western Europe (WE), being responsible for all underwriting activities in partnership with Banking & International and Risk. The Underwriter will be responsible for Power, Energy, Chemicals & CET sector clients.

Responsibilities:

• Assist bankers and Underwriters in underwriting requests for credit extensions for new and existing clients, and in the writing of annual reviews with a focus on more complex and higher dollar exposure transactions.
• Perform detailed financial analysis on companies, including trend and ratio analysis, and interpret the financial information.
• Perform collateral analysis on accounts receivable, inventory, machinery and equipment, and real estate to evaluate collateral performance and changes in trends, as well as to assess repayment capacity based on secondary sources of repayment.
• Prepare monthly and/or quarterly reviews of existing borrowers to track compliance with various loan covenants as outlined in the loan Agreement.
• Build a solid understanding of Citibank products and services within Commercial Banking and the broader organization.
• Coordinate with bankers on customer calls and site visits, when appropriate.
• Perform industry and geographical research and other due diligence as needed.
• Be familiar with Citibank credit policies and practices and regulatory policies to assist the unit in achieving compliance and satisfactory ratings from internal and external auditors.
• Provide training for less experienced credit officers and other credit center staff in application processing, credit analysis, and loan closing roles.
• Provide backup to the team manager in workflow distribution and monitoring as needed.
• Recommend changes to processes to achieve greater efficiency.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets.

Qualifications:

• Extensive relevant work experience in a similar role.
• Bachelor's degree in finance or accounting (preferred) - previous experience working in a financial institution with additional experience in a loan officer or underwriting role (credit trained a plus).
• Advanced analytical skills including the ability to read and assess company financial statements, cash flow, industry and competitive analysis, and projections.
• Demonstrated knowledge of intermediate accounting theory and its practical application in the credit underwriting process.
• Excellent organizational skills, attention to detail, and the ability to complete assignments in a timely manner.
• Effective written and verbal communication skills.
• Problem recognition and resolution skills.
• Ability to work autonomously and within a team.
• Proficient in various spreadsheet and word processing applications (Excel and Word are preferred), including the use of graphs and charts, and Moody's financial analysis software.

Education:

• Bachelor’s/University degree, Master’s degree preferred.

What we can offer you:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
• A discretionary annual performance-related bonus.
• Private medical insurance packages to suit your personal circumstances.
• Employee Assistance Program.
• Pension Plan.
• Paid Parental Leave.
• Special discounts for employees, family, and friends.
• Access to an array of learning and development resources.

Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 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.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.