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- Tasks: Support bankers in underwriting commercial credit requests and analyse financial data.
- Company: Join a leading global bank with a commitment to diversity and inclusion.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Why this job: Make impactful decisions that shape the future of businesses and clients.
- Qualifications: Experience in credit analysis and strong analytical skills required.
- Other info: Dynamic role with opportunities for mentorship and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
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.
Responsibilities:
- Interface with and support bankers in underwriting requests for commercial credit extensions for new and existing clients, ensuring 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 analysing the business, interpreting the finance need, identifying 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.
- Conduct credit and personal financial statement analysis on individuals, guarantors, and co-borrowers 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 organisation.
- Ensure compliance with Citibank credit policies/practices and regulatory policies to receive satisfactory ratings from internal and external auditors.
- Assist business unit goals by continuously identifying process improvements and efficiencies that reduce costs and improve customer service levels.
- Work with the management team on prioritisation and implementation of approved actions.
- Provide backup support to Credit Underwriting Group Manager, lead projects and initiatives, and mentor lower-level Credit Officers as needed.
- Other duties as required to support business unit and company goals.
Qualifications:
- Previous credit authority experience.
- Prior experience working in a regulatory and compliance policy environment.
- Proven analytical skills, including the ability to read and assess individual and company financial statements, cash flow, industry/competitive analysis, and projections.
- Demonstrated knowledge of intermediate accounting theory and its practical application in the credit underwriting process.
- Excellent organisational skills, prioritising capabilities, attention to detail, and the ability to complete assignments within required deadlines in a fast-paced environment.
- Effective inter-personal and written/verbal communication skills.
- Thorough problem recognition and resolution skills.
- Pro-active disposition with the ability to work autonomously and within a team.
- Proficient in various spreadsheet and word processing applications (Excel and Word), including the use of graphs and charts and financial analysis software.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Underwriter - London employer: Citigroup, Inc.
Contact Detail:
Citigroup, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - London
✨Tip Number 1
Network like a pro! Reach out to professionals in the underwriting field on LinkedIn or at industry events. We can’t stress enough how important it is to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and understanding of credit policies. We recommend practising common interview questions with a friend to boost your confidence and communication skills.
✨Tip Number 3
Showcase your analytical skills during interviews. Be ready to discuss specific examples where you’ve successfully assessed financial statements or made sound credit decisions. We want to see how you think!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Underwriter - London
Some tips for your application 🫡
Know Your Stuff: Make sure you understand the role of an Underwriter and the skills required. Brush up on your credit analysis and financial statement interpretation skills, as these will be key in your application.
Tailor Your Application: Don’t just send a generic CV and cover letter. Tailor them to highlight your relevant experience and skills that match the job description. Show us how you can contribute to our team!
Show Your Analytical Skills: In your written application, demonstrate your analytical prowess. Include examples of how you've tackled complex financial analyses or credit decisions in the past. We love seeing real-world applications of your skills!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Citigroup, Inc.
✨Know Your Numbers
As an Underwriter, you'll need to demonstrate your analytical skills. Brush up on financial statements, cash flow analysis, and ratio calculations. Be ready to discuss how you interpret these figures and make sound credit decisions.
✨Stay Updated on Industry Trends
Make sure you're aware of the latest developments in the banking and underwriting sectors. Research current market trends and regulatory changes that could impact credit decisions. This shows your commitment to staying informed and adds value to your potential role.
✨Practice Your Communication Skills
Since this role requires strong communication and diplomacy skills, practice articulating complex ideas clearly. Prepare examples of how you've influenced or guided colleagues in the past, especially in cross-functional settings.
✨Demonstrate Problem-Solving Abilities
Be prepared to discuss specific challenges you've faced in previous roles and how you resolved them. Highlight your proactive approach and ability to work autonomously, as well as within a team, to showcase your problem recognition and resolution skills.