Underwriter
1,230,737 – 2,063,530 Ft / monthBrutto
Employer · Citigroup
Financial analyst
Loan officerFull-timeBudapest
Citigroup provides global and local banking capabilities and services. We are seeking an Underwriter to stay abreast of developments, contribute to directional strategy, and act as a recognized technical authority.
Tasks
- Prepare complex credit applications; check their completeness, request clarifications if necessary, and assess them in the context of valid and relevant policies, procedures and guidelines.
- Lead role in credit due diligence, package preparation, financial projections and execution of facility documentation following credit approval.
- Provide backup to the team manager, lead projects and initiatives and mentor junior team members as needed.
- Make competent credit decisions according to the assigned personal Credit Officer (CO) Limit and in line with relevant policies, procedures and guidelines.
- Follow and monitor the portfolio of assigned clients through their lifecycle and proactively escalate all potential credit issues in a timely manner, acting as the First Line of Defense.
- Effectively manage and closely monitor assigned classified customers, propose feasible account strategies to avoid or minimize potential losses, and prepare timely Classified Credit Memos (CCMs).
- Prepare and/or approve credit packages within the required turnaround time (TAT) and within agreed-upon CLM pipeline rules. Provide timely services to internal and external customers.
- Obtain and maintain expert-level knowledge of all applicable local and global credit policies, procedures and guidelines.
- Participate in CLM tasks and requirements such as round tables, quarterly financial/covenant checks, regular and ad-hoc reporting, portfolio stress testing, audits, etc.
- Communicate efficiently across the bank (Sales, Risk, Dox, Collateral, Credit Enablement, Legal, Operations, EW, and others).
- Provide credit advice to more junior colleagues in CLM and Sales teams to build credit awareness and risk recognition in the bank and cultivate the lending management process.
- Maintain strict confidentiality on all accounts, bank products and policies.
Requirements
- University degree.
- At least 7 years of relevant banking experience (analytical, relationship management, EW, or remedial position) or another relevant position in a banking institution.
- Deep knowledge of financial statements and financial analysis and accounting rules, primarily IFRS EU.
- Deep understanding of bank products, collateral types, loan documentation standards, financial and non-financial covenants.
- Experience working with and negotiating loan documentation per LMA standards.
- Experience building cash flow projection models and valuations.
- Strong verbal and written communication skills in English. Proficiency in another language (German, Italian, Spanish, or French) is highly desired.
- Excellent organizational and leadership skills with the ability to pay attention to detail and work under pressure.
- Strong analytical thinking, a balanced risk-business approach, and the ability to apply common sense and make fast and competent decisions.
- A team player who is a fast learner, flexible, precise, and has a positive attitude.
- PC skills (MS Office) and a willingness to learn specific systems used within the Credit Approval area, and various internal AI tools