Banker - C15 - NEW YORK_

New York

The professionals at Citi Community Capital ("CCC") underwrite and close construction and permanent loans that are used to finance the new construction and preservation of affordable and workforce rental housing. CCC is the community lending and investing arm of Citigroup (“Citi”), housed in the Spread Products vertical. Unique among its peers, CCC provides a comprehensive array of financial products including lending and equity investments designed to create strong communities and contribute toward Citibank’s Community Reinvestment Act (“CRA”) performance. CCC works with for-profit and non-profit developers, as well as state and local government agencies on both straightforward and highly structured transactions that may use a combination of taxable and tax-exempt loans or bonds, Low Income Housing Tax Credit equity, and governmental and private subsidies. CCC provides capital directly or as an intermediary. CCC is a construction lender and a permanent lender, a Fannie Mae DUS lender and a Freddie Mac Optigo lender. CCC also acts as principal in unique equity investments – all designed to improve neighborhoods, create jobs, or improve the health care services or educational opportunities available to the communities we serve.

CCC works throughout the country from 13 offices and, according to Affordable Housing Finance Magazine, has been the #1 affordable housing lender in the United States for the past 14 years. That success is due in large part to having the strongest, most innovative team of professionals in the country. CCC’s team of experienced professionals are able to provide creative financing solutions that are specifically designed to meet each client’s needs.

CCC is seeking an experienced banker with a history of success to join our team in New York, NY to originate construction and permanent loans for affordable housing projects primarily focused on New York and the other Northeast markets.

**POSITION RESPONSIBILITIES**

+ Market CCC’s lending and other products to new and existing relationships.

+ Manage client relationships and deal teams from initial client contact through loan closing and beyond.

+ Deliver the best-in-class customer service and execution that clients expect of CCC.

+ Work with a team of executing bankers and analysts to analyze opportunities, by using internal Excel and other models to review project feasibility, sponsor financials, market conditions, overall viability, and profitability.

+ Review and issue term sheets and loan applications.

+ Participate in the transaction approval process, including Citi’s risk management review, to move transactions through internal processes in a timely matter so that closing deadlines are met.

+ Review, comment, and sign loan closing documents.

+ Mentor executing bankers, analysts and other members of the team for growth and development.

+ Assist asset management on client engagement needs, annual reviews and other on-going relationship management needs.

+ Monitor and review existing loan portfolio to identify refinance opportunities.

**PREFERRED EXPERIENCE AND QUALIFICATIONS**

+ Undergraduate or graduate degrees with emphasis in real estate, business or economics.

+ Significant experience in the multifamily affordable rental housing lending (10+ years) industry including a strong understanding of construction and permanent lending including Fannie Mae and Freddie Mac products.

+ Thorough knowledge of 4% & 9% LIHTC programs, tax-exempt and taxable bond and note issuance, sub-debt, Section 8, TIF financing, tax abatements, and other incentive programs for affordable rental housing.

+ Strong interpersonal, verbal and written communication skills

+ Highly organized individual able to manage a large volume of activities

+ When hired, the candidate will be required to pass all relevant FINRA exams and licensing requirements

**Job Family Group:**

Institutional Banking

**Job Family:**

Investment Banking

**Time Type:**

Full time

**Primary Location:**

New York New York United States

**Primary Location Full Time Salary Range:**

$200,000.00 - $300,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

**Anticipated Posting Close Date:**

Jun 13, 2024

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 (itigroup.com/citi/accessibility/application-accessibility.htm)** .

View the "EEO is the Law (ol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (ol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

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View the Pay Transparency Posting (ol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.