PowerToFly
Technology and Communications Underwriter/Manager - Senior Vice President
PowerToFly, Irving, Texas, United States, 75084
The Underwriter/Manager role executes all responsibilities regarding underwriting such as: credit analysis, underwriting, and monitoring from early origination discussions to development of credit approval memos, senior approval forums, conducting initial financial analysis, due diligence, projection modeling, stress testing, risk ratings and other in-depth analysis performed by junior resources. In addition, this role will have direct management over a certain number of analyst and associates within the group, and will report directly into the Technology and Communications Underwriting Head.
Responsibilities
Accountable for managing the end-to-end credit process of their respective portfolio, provides clear recommendations to both Risk and Banking throughout the transaction and AR lifecycle
Review, guide and provide final sign-off for all AR, QR, CCM and Transaction memos that require SCO designation within coverage portfolio; delegate AR/QR and/or CCM to VP (with appropriate discretion and oversight) to ensure timeliness of deliverable
Demonstrate industry expertise and ability to discuss relevant macro and micro issues within coverage portfolio
Build and maintain strong working relationships with Risk and Banking partners. Supports 1LOD partners in structuring transactions in accordance with Citi’s underwriting standards
Maintain strong understanding of Citi products and minimum underwriting standards
Lead credit conversation with both internal and external auditors (BICR, IAA, IBQA, SNC, OCC, etc)
Stay current on all policy and procedural and ensure timely communication to POD members; serve as a SME on policy/procedures and disseminate any developments to POD
Offer credit and policy guidance to POD members; ensure monitoring checklists are completed ahead of memo completion
Monitor adherence to AR, QR, CCM and Transaction milestones and KPIs and flag potential delays or concerns to Regional Director
Share best practices and flag recurring issues with the POD and other SVPs/Regional Director; recommend efficiency improvements/additional training and track scorecard metrics within POD
Support POD development through formal and informal development sessions; schedule periodic check-ins with each POD team member to ensure R&Rs and expectations are understood and achieved
Promote a culture of accountability, ownership, support and continued growth; ensure POD members are consistently challenged and learning
Timely complete all mandatory compliance trainings and complete / log 40 hours of required annual training
Organize and lead reinforcement of new policy/procedures for junior members to improve work quality and consistency across the team
Serve as SME and in person contact for team on policy/procedures questions and/or applications (e.g. Helios)
Tracks workload and helps to find staffing solutions to bottlenecks and urgent deliverables in cooperation with Underwriters
Lead the recruiting process for Analysts, Associates, and Vice Presidents roles
Direct Management of Analysts, Associates, and Vice Presidents (non-Jr UW)
Manage HR related topics (i.e. PTO, performance, holidays, sick time, etc) of those under direct management
Complete Performance Reviews of those under direct management
Coordinate with Underwriting Regional Industry Heads cross teams' tasks/initiatives
Qualifications
10+ years experience in commercial credit decision making authority for credits up to $10 million and greater
Expert knowledge of credit products (formal credit training required)
Demonstrates excellent financial and analytic skills and ability to rapidly assimilate complex information
Sharp business development focus, demonstrating innovative approaches
Education
Bachelor’s/University degree, Master’s degree preferred
Job Details Primary Location: Irving Texas, United States. Time Type: Full time. Salary Range: $144,480.00 - $216,720.00.
Benefits: Citi offers competitive employee benefits, including medical, dental & vision coverage; 401(k); life, accident, and disability insurance; wellness programs. Additional offerings may vary by jurisdiction, job level, and date of hire.
Equal Opportunity Employer Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
#J-18808-Ljbffr
Responsibilities
Accountable for managing the end-to-end credit process of their respective portfolio, provides clear recommendations to both Risk and Banking throughout the transaction and AR lifecycle
Review, guide and provide final sign-off for all AR, QR, CCM and Transaction memos that require SCO designation within coverage portfolio; delegate AR/QR and/or CCM to VP (with appropriate discretion and oversight) to ensure timeliness of deliverable
Demonstrate industry expertise and ability to discuss relevant macro and micro issues within coverage portfolio
Build and maintain strong working relationships with Risk and Banking partners. Supports 1LOD partners in structuring transactions in accordance with Citi’s underwriting standards
Maintain strong understanding of Citi products and minimum underwriting standards
Lead credit conversation with both internal and external auditors (BICR, IAA, IBQA, SNC, OCC, etc)
Stay current on all policy and procedural and ensure timely communication to POD members; serve as a SME on policy/procedures and disseminate any developments to POD
Offer credit and policy guidance to POD members; ensure monitoring checklists are completed ahead of memo completion
Monitor adherence to AR, QR, CCM and Transaction milestones and KPIs and flag potential delays or concerns to Regional Director
Share best practices and flag recurring issues with the POD and other SVPs/Regional Director; recommend efficiency improvements/additional training and track scorecard metrics within POD
Support POD development through formal and informal development sessions; schedule periodic check-ins with each POD team member to ensure R&Rs and expectations are understood and achieved
Promote a culture of accountability, ownership, support and continued growth; ensure POD members are consistently challenged and learning
Timely complete all mandatory compliance trainings and complete / log 40 hours of required annual training
Organize and lead reinforcement of new policy/procedures for junior members to improve work quality and consistency across the team
Serve as SME and in person contact for team on policy/procedures questions and/or applications (e.g. Helios)
Tracks workload and helps to find staffing solutions to bottlenecks and urgent deliverables in cooperation with Underwriters
Lead the recruiting process for Analysts, Associates, and Vice Presidents roles
Direct Management of Analysts, Associates, and Vice Presidents (non-Jr UW)
Manage HR related topics (i.e. PTO, performance, holidays, sick time, etc) of those under direct management
Complete Performance Reviews of those under direct management
Coordinate with Underwriting Regional Industry Heads cross teams' tasks/initiatives
Qualifications
10+ years experience in commercial credit decision making authority for credits up to $10 million and greater
Expert knowledge of credit products (formal credit training required)
Demonstrates excellent financial and analytic skills and ability to rapidly assimilate complex information
Sharp business development focus, demonstrating innovative approaches
Education
Bachelor’s/University degree, Master’s degree preferred
Job Details Primary Location: Irving Texas, United States. Time Type: Full time. Salary Range: $144,480.00 - $216,720.00.
Benefits: Citi offers competitive employee benefits, including medical, dental & vision coverage; 401(k); life, accident, and disability insurance; wellness programs. Additional offerings may vary by jurisdiction, job level, and date of hire.
Equal Opportunity Employer Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
#J-18808-Ljbffr