Commercial Real Estate (CRE) Collateral Analyst

Company: Citigroup Inc.
Location: New York
Posted on: January 27, 2023

Job Description:

The Commercial Real Estate (CRE) Collateral Analyst works with the commercial real estate team to provide service administrative support relating to collateral for the credit underwriting and ongoing credit monitoring activities, reporting to a Team Leader. - - The CRE Collateral Analyst is the "eyes and ears" of the CRE team, being a conduit and control point with respect to work received from the IF Transactor and Underwriting teams and interfaces with the CPB Client Service Organization, CPB Loan Operations and the Investment Finance COO Team to ensure the smooth delivery of the CRE lending product offering.KEY RESPONSIBILITIESThe role requires good understanding and application of bank policies and procedures in performance of the following tasks:-

• Updating the Covenant tracking system for financial data received, and the financial results derived from such reporting, ensuring accuracy and consistency of data. - Save financial reporting into respective client files in credit file system. - Working with the Underwriters to minimize the number of past due covenants. - As the Analyst becomes more familiar with client relationships, the Analyst may have more direct contact with client side in obtaining required reporting.
• Assisting the Underwriters in assembling and loading credit packages into the CAA system for circulation for approval and setting up facilities in the credit system.
• Ownership of the Flood insurance monitoring process and reporting. - Responsible for submission of new flood insurance policies for review and timely follow ups regarding renewals of expiring flood insurance policies.
• Central point of contact for requesting appraisals, phase I environmental reports, property condition reports and seismic reports from Office of Chief Appraiser. - Responsible for saving collateral documentation to credit files.
• Responsible for ordering flood zone determinations and saving certificates to credit file. - If properties are located in a special flood hazard area, Analyst will work with Underwriters to secure appropriate flood insurance from client and provide all notices to client regarding flood zone determination.
• Preparation of collateral scorecards for CRE Underwriting.
• Coordination with deal closing team and operations to communicate appraised value and loanable values for new advances.
• Assisting the Credit Specialists in the tracking and reporting of transactions under the Equal Credit Opportunity Act (ECOA) and Home Mortgage Disclosure Act (HMDA) rules. - Responsible for transcribing HMDA forms into regulatory deliverable form. -
• Scanning and lodging of documents into Credit Approval Accelerator system to maintain the electronic credit file; preparation of Documentation Checklist and coordination of review and approval with Bank counsel; preparation of Documentation Transmittal Form and coordination with Documentation Unit to ensure safe receipt and lodgement of executed credit documents.
• Support the IF Transactor and Credit Specialist in the follow up of documentation deficiencies and insurance renewals, obtaining deferral approvals as required, liaising with Investment Finance COO Team and Documentation Units -
• Oversee the dissemination of credit monitoring reports generated by Investment Finance COO Team (CA Annual Reviews, CA Extensions, Facility Maturities, Covenants, Line Excesses, Documentation Deficiencies and Past Due Obligations) ensuring timely actions taken by the Underwriter teams and provide status updates to the Manager.
• Ownership of loan modification tracking report process.
• Assist the Team Leader and other teammates with audit preparation and coordination
• Assist the Business Manager with self-testing when required under the Managed Control Assessment frameworkSKILLS AND EXPERIENCE
  • Previous experience in an Analyst/Credit Administrative role preferable
  • Good working knowledge of Excel, Word and PowerPoint
  • Analyst should have a strong understanding of accounting and be able to read and interpret financial statements. - Already having familiarity with Citi's computer systems is preferred, but if not, then the analyst should be adept at quickly learningCOMPETENCIES
    • Effective communication skills (written, listening and verbal)
    • Strong organizational and time-management skills
    • Good attention to detail
    • Ability to work to deadlines
    • Team playerQUALIFICATIONS:Bachelor's degree is required4+ years of relevant experience-------------------------------------------------Job Family Group: Private Client Product Services-------------------------------------------------Job Family:IF Commercial Real Estate------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:New York New York United States------------------------------------------------------Primary Location Salary Range:$137,610.00 - $206,420.00------------------------------------------------------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 .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citigroup Inc., New York , Commercial Real Estate (CRE) Collateral Analyst, Professions , New York, New York