Citigroup

Multifamily Underwriter

Citigroup

Pittsburgh, PA, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Are you looking for a challenging and rewarding career in the finance industry? Look no further than Citigroup! We are currently seeking a highly motivated Multifamily Underwriter to join our team. As a Multifamily Underwriter, you will play a crucial role in analyzing and assessing the creditworthiness of multifamily mortgage loans. We are seeking individuals who are driven, detail-oriented, and have a strong understanding of multifamily underwriting principles. If you are ready to take your underwriting career to the next level, we encourage you to apply for this exciting opportunity at Citigroup.

  1. Conduct thorough analysis of multifamily mortgage loan applications to determine creditworthiness.
  2. Utilize financial statements, credit reports, and other relevant information to assess risk and make informed underwriting decisions.
  3. Communicate with loan officers and other internal stakeholders to gather necessary information and clarify any discrepancies.
  4. Follow company guidelines and industry regulations to ensure compliance and mitigate risk.
  5. Maintain accurate and detailed records of underwriting decisions and justifications.
  6. Collaborate with other underwriters and team members to share knowledge and best practices.
  7. Stay up-to-date on industry trends, market conditions, and underwriting guidelines.
  8. Provide recommendations for loan structures and terms based on risk assessment and market conditions.
  9. Meet deadlines and manage a high volume of loan applications while maintaining a high level of accuracy.
  10. Continuously improve underwriting processes and procedures to increase efficiency and productivity.
  11. Communicate underwriting decisions and reasoning effectively to internal and external stakeholders.
  12. Attend training and development sessions to stay current on industry changes and enhance skills.
  13. Represent Citigroup in a professional and positive manner when interacting with clients and other external parties.
  14. Assist in training and mentoring junior underwriters as needed.
  15. Participate in special projects and initiatives as assigned by management.
Where is this job?
This job is located at Pittsburgh, PA, USA
Job Qualifications
  • Bachelor's Degree In Finance, Economics, Or A Related Field.

  • Minimum Of 3 Years Experience In Underwriting Multifamily Loans.

  • Knowledge Of Multifamily Loan Products, Including Fha, Fannie Mae, And Freddie Mac Programs.

  • Strong Analytical And Problem-Solving Skills, With The Ability To Assess Financial Statements And Property Valuations.

  • Excellent Communication And Interpersonal Skills, With The Ability To Work Collaboratively With Team Members And Stakeholders.

Required Skills
  • Financial Analysis

  • Market Research

  • Credit Analysis

  • Property valuation

  • Cash flow analysis

  • Loan structuring

  • Risk assessment

  • Due Diligence

  • Loan documentation

  • Underwriting Standards

  • Debt Service Coverage

Soft Skills
  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • creativity

  • Teamwork

  • Adaptability

  • Problem-Solving

  • Decision-making

Compensation

According to JobzMall, the average salary range for a Multifamily Underwriter in Pittsburgh, PA, USA is $58,000 - $90,000 per year. This range may vary depending on factors such as years of experience, education level, and specific job responsibilities.

Additional Information
Citigroup is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedApril 5th, 2024
Apply BeforeJune 9th, 2026
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About Citigroup

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.

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