• Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Citi-US
  • 2019-04-26

Global Spread Products - Asset Manager - Assistant Vice President

Global Spread Products - Asset Manager - Assistant Vice President

  • Primary Location: United States,New York,New York
  • Education: Bachelor's Degree
  • Job Function: Institutional Banking
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 19015514


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.

Citi's  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 public's 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 are widely available to all.

Background:  Global Spread Products is the primary source of capital for corporations, governments, and non-profits, providing liquidity and innovative solutions globally across the credit, municipal, and securitized markets.

Citi Community Capital ("CCC"), the community development lending and investing group of Citi, offers the industry's most comprehensive affordable housing and community development financial products. From single-project transactions to portfolio-wide solutions, CCC combines unparalleled expertise with industry-leading capital markets capabilities to offer financial solutions that build, renovate and preserve strong communities.

It is CCC's mission to be the preferred financial partner for affordable housing developers, non-profits and governmental entities that focus on community development. This is accomplished by providing customers with a distinctive, remarkable experience based on world class responsiveness, customer service, creativity and superior execution.  This mission is accomplished while delivering consistent and impactful Community Reinvestment Act ("CRA") results, superior financial performance for Citi and a rewarding experience for employees.

Citi continues to reign as the #1 affordable housing lender according to Affordable Housing Finance Magazine, with $3-$5 billion of lending to finance affordable housing rental developments in each of the past several years. CCC's origination, structuring, underwriting, asset management and risk management staff across the country provides creative financing solutions designed to meet clients' needs. CCC helps community development financial institutions, real estate developers, national intermediaries and nonprofit organizations achieve their goals through a broad, integrated platform of debt and equity offerings

CCC is part of the Municipal Securities Division in the Institutional Clients Group of Citi.

CCC is looking to add an experienced professional to join the its Asset management team focused on the construction loan management

Job Responsibilities:
  • Review, analyze and manage previously closed and new construction loan closings for affordable multifamily developments throughout the United States. 
  • Responsible for confirming the overall sources and uses for new and rehab construction from closing through conversion.    
  • Analyze the availability of the flow of funds during construction as it relates the construction timeline and anticipated construction draws.
  • Analyze complex capital stacks sources for a project including the nuances of the restrictions and requirements for funding the project costs. 
  • Familiarity with affordable housing projects and the typical debt and equity parties involved in affordable transactions. 
  • Review ongoing monthly construction draws. 
  • Manage and track the progress of lease up and NOI results.
  • Prepare and present credit recommendations related to loan extensions and modifications for the construction loans. 
  • Externally interact with borrowers, syndicators, legal counsel, and other transaction parties.
  • Internally interact with the bankers, underwriters, credit and engineering risk and loan administrators.
  • Contribute to increased loan closings, information flow between departments and management of risks for the CCC investments and construction loan portfolios.


  • Individual must have excellent communication, organizational and interpersonal skills.
  • Individual must work well under tight deadlines relating to construction draws and maturing loans.  
  • Candidate is required to have a BA/BS in Finance or Real Estate
  • Candidate is required to have at least 3 years construction loan management or underwriting experience, preferably in the affordable housing industry.
  • Candidate has quantitative skills with a high proficiency with Excel and other Microsoft based programs.