Underwriter - VP - LONDON
Underwriter - VP - LONDON

Underwriter - VP - LONDON

London Full-Time 54000 - 84000 £ / year (est.) No home office possible
C

At a Glance

  • Tasks: Support bankers in underwriting commercial credit requests and analyse financial data.
  • Company: Join Citigroup, a leading global bank with a commitment to innovation and customer service.
  • Benefits: Enjoy competitive pay, career growth opportunities, and a diverse work environment.
  • Why this job: Make a significant impact on business decisions while developing your analytical and communication skills.
  • Qualifications: Previous credit authority experience and strong analytical skills are essential.
  • Other info: This role offers a chance to mentor others and lead projects within a dynamic team.

The predicted salary is between 54000 - 84000 £ 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. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Responsibilities:

  • 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 analysing 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 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 the business unit adheres to the above and receives 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.
  • 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 behaviour, conduct, and business practices, and escalating, managing, and reporting control issues with transparency.

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; including complicated business structures with foreign subsidiaries and/or parent organizations.
  • 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.
  • Typically deals with 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 needs.
  • Requires good analytical skills in order to filter, prioritise, and validate potentially complex material from multiple sources.
  • Exercises a wide degree of latitude and discretion.

Education:

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

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

Job Family Group: Credit Decisions

Time Type: Full time

Underwriter - VP - LONDON employer: CitiGroup

Citi is an exceptional employer, offering a dynamic work environment in the heart of London that fosters professional growth and development. With a strong emphasis on collaboration and innovation, employees benefit from comprehensive training programmes and mentorship opportunities, ensuring they stay at the forefront of the financial services industry. The company's commitment to diversity and inclusion, alongside competitive compensation and benefits, makes Citi a rewarding place to build a meaningful career.
C

Contact Detail:

CitiGroup Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriter - VP - LONDON

✨Tip Number 1

Familiarise yourself with Citibank's products and services, especially in the Small Business and Commercial Banking sectors. Understanding their offerings will not only help you in interviews but also demonstrate your genuine interest in the role.

✨Tip Number 2

Brush up on your financial analysis skills, particularly in reading and interpreting financial statements. Being able to discuss complex financial concepts confidently will set you apart from other candidates.

✨Tip Number 3

Network with current or former employees of Citigroup, especially those in underwriting or credit roles. They can provide valuable insights into the company culture and expectations, which can be beneficial during your interview.

✨Tip Number 4

Prepare to discuss your experience with regulatory compliance and credit authority. Be ready to share specific examples of how you've navigated these areas in past roles, as this is crucial for the Underwriter position.

We think you need these skills to ace Underwriter - VP - LONDON

Credit Analysis
Financial Statement Interpretation
Risk Assessment
Regulatory Compliance
Analytical Skills
Industry Research
Communication Skills
Attention to Detail
Organisational Skills
Problem-Solving Skills
Proficiency in Excel and Word
Project Management
Team Leadership
Autonomous Working

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in credit underwriting and compliance. Use specific examples that demonstrate your analytical skills and understanding of financial statements, as these are crucial for the role.

Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Underwriter position at Citigroup. Mention how your previous experience aligns with their requirements, particularly your ability to assess risk and make sound credit decisions.

Showcase Communication Skills: Since the role requires strong communication and diplomacy skills, provide examples in your application that illustrate your ability to influence and guide colleagues or clients effectively.

Highlight Problem-Solving Abilities: Demonstrate your problem recognition and resolution skills in your application. Include instances where you identified process improvements or efficiencies in previous roles, as this aligns with the responsibilities of the position.

How to prepare for a job interview at CitiGroup

✨Showcase Your Analytical Skills

As an Underwriter, you'll need to demonstrate strong analytical abilities. Be prepared to discuss your experience with financial analysis, including how you've assessed individual and company financial statements in the past. Use specific examples to illustrate your skills.

✨Understand Citibank's Products

Familiarise yourself with Citibank's range of products and services, especially within Small Business and Commercial Banking. This knowledge will help you answer questions more effectively and show that you're genuinely interested in the role.

✨Prepare for Scenario-Based Questions

Expect to face scenario-based questions that assess your decision-making process. Think about past experiences where you had to weigh risks and benefits, and be ready to explain your thought process clearly.

✨Demonstrate Compliance Awareness

Since the role involves working within a regulatory and compliance environment, be prepared to discuss your understanding of compliance policies. Highlight any previous experience you have in ensuring adherence to such regulations.

Underwriter - VP - LONDON
CitiGroup
C
  • Underwriter - VP - LONDON

    London
    Full-Time
    54000 - 84000 £ / year (est.)

    Application deadline: 2027-04-06

  • C

    CitiGroup

Similar positions in other companies
UK’s top job board for Gen Z
discover-jobs-cta
Discover now
>