Credit Officer - Real Estate Underwriting

As a Credit Officer, Real Estate Underwriting, you will underwrite construction and permanent loans that finance new construction, rehabilitation, and preservation of affordable and workforce rental housing across the West Coast. You will join Citi Community Capital, the community lending and investing arm of Citi's Global Spread Products Group, recognized as the leading affordable housing lender in the United States for 15 consecutive years.

In this role, you will shape sound credit decisions on complex transactions that combine taxable and tax-exempt debt, Low Income Housing Tax Credit equity, and public and private subsidies.

• Underwrite affordable multifamily real estate credit requests for new and existing clients, taking ownership of sound credit decisions.
• Analyze real estate projects for feasibility by building construction budgets and operating proformas.
• Review appraisals and third-party reports to validate project assumptions and property value.
• Evaluate market conditions and sponsor strength to identify and mitigate transaction risks.
• Write detailed transaction summaries that interpret financing needs, outline risk factors, and present a final credit recommendation.
• Conduct industry and regional research to support due diligence on each transaction.
• Apply credit risk policy guidelines and elevate control issues with transparency to protect Citi and its clients.
• Identify process improvements that reduce costs and improve turnaround time, working with management to prioritize and implement changes.

• Bachelor's degree is required.
• 5-8 years of real estate loan underwriting experience, ideally in affordable housing.
• Ability to model construction budgets and operating proformas and assess overall project feasibility.
• Strong written and verbal communication skills paired with sharp analytical thinking.
• Proven ability to manage multiple transactions against tight deadlines.
• High attention to detail and ownership of outcomes from analysis through resolution.
• Ability to travel on short notice.

• Master's degree.
• Knowledge of bond and Low Income Housing Tax Credit transaction structures.
• Comfort adopting new analytical tools and technology quickly.
• Experience balancing client-facing composure with internal stakeholder management.

• A hybrid schedule with 3 days in the office and 2 days working remotely.
• Exposure to complex, structured affordable housing transactions that build specialized credit expertise.
• Access to global learning and development resources to grow your underwriting career.
• Programs supporting financial wellbeing, family needs, and work-life balance.
• The opportunity to work alongside a collaborative, high-performing team with national reach.

Join Citi Community Capital and help finance the affordable housing communities rely on.

Risk Management

Credit Risk

Full time

Houston Texas United States

$ - $

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  Available offerings may vary by jurisdiction, job level, and date of hire.

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management…