Affordable Housing Real Estate Underwriter

4 weeks ago


Los Angeles, California, United States Citigroup Inc Full time
Job Summary

Citi Community Capital is seeking an experienced Affordable Housing Real Estate Underwriter to join its West Coast team. The successful candidate will be responsible for analyzing real estate projects for feasibility, developing and modeling construction budgets, and reviewing appraisals and other 3rd party reports.

Key Responsibilities:

  • Analyze real estate projects for feasibility, including developing and modeling construction budgets, operating pro forma(s), and reviewing appraisals and other 3rd party reports.
  • Identify and mitigate transaction risks, and provide recommendations to management.
  • Develop and maintain relationships with clients, sponsors, and other stakeholders.
  • Stay up-to-date with industry trends, regulations, and best practices.

Requirements:

  • Bachelor's degree in a related field.
  • 7-10 years of real estate loan underwriting experience, ideally in Affordable Housing.
  • Excellent communication, organization, analytical thinking, and interpersonal skills.
  • Ability to work under tight deadlines and prioritize multiple tasks.
  • Strong knowledge of affordable housing, bond, and LIHTC transactions.

What We Offer:

  • Competitive salary and bonus structure.
  • Opportunities for professional growth and development.
  • A dynamic and supportive work environment.

About Citi Community Capital:

Citi Community Capital is the community lending and investing arm of Citigroup, housed within Institutional Credit Management of Citi's Global Spread Products Group. We provide a comprehensive array of financial products from investment banking to lending and equity investment designed to improve neighborhoods, create jobs, or improve the health care services or educational opportunities available to the communities we serve.



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