1+ months
2018-06-152018-08-22

Credit Officer VP

Citigroup
Queens, NY
  • Primary Location: United States,New York,Long Island City
  • Education: Bachelor's Degree
  • Job Function: Credit
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 18031374

Description


POSITION SUMMARY The Business Banking Credit Officer function is designed to provide thorough, objective analysis of the financial condition and credit worthiness of borrowers and individuals, as well as analysis of prevailing industry and market conditions. Analysis is performed through the examination and interpretation of historical and projected financial statements and related information, biographical data on a company and/or individual, market information, and credit reports, with a focus on determining a borrower's repayment ability. The Business Banking Credit Officer also assists with the preparation of various reports, informational requests, credit inquiries, and other special requests from the Relationship Managers and Credit/Risk Managers as needed. The Credit Officer also has knowledge of the various products and services offered in the Business Banking business and the ability to work independently and handle assigned transactions within the established turnaround standards with focus on more complex loan structures and government programs (SBA and EXIM). The Credit Officer at this level will also provide support and training for less experienced credit officers and other credit center staff in application processing, credit analysis and loan closing roles.

Be a part of the work we do to enable progress around the globe

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citis Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.

RESPONSIBILITIES

Support the bankers in underwriting requests for credit extensions for new and existing clients, and in the writing of annual reviews with focus on more complex and higher dollar exposure transactions, including government programs.

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 in order to determine repayment capacity based on cash flow statements, tax returns, and statements.

Prepare monthly and/or quarterly reviews of existing borrowers in order to track compliance with various loan covenants as outlined in the Loan Agreement.

Build a solid understanding of Citibank products and services (both within Business and 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 unit in achieving compliance with the above and satisfactory ratings from internal and external auditors.

Provide support and training for less experienced credit officers and other credit center staff in application processing, credit analysis and loan closing roles.

Provide back up support to the team manager in workflow distribution and monitoring as needed.

Recommend changes to process to achieve greater efficiency.


Qualifications


QUALIFIFCATIONS

Bachelors degree required; MBA preferred

6-10 years experience working in a financial institution with a minimum of 2-5 years in a commercial credit analysis and underwriting role. (credit trained)

SKILLS/ABILITIES

Strong analytical skills including the ability to read and assess individual and 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

Strong written and verbal communication skills

Problem recognition and resolution skills

Ability to work independently 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


Categories

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Credit Officer VP

Citigroup
Queens, NY

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Queens, NY
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