Credit Officer, Real Estate Underwriting

Job ID: 102161067904Posted: 2026-10-22Location: Houston, Texas, United StatesSalary: $114,720.00 - $172,080.00Category: Risk ManagementCompany: CitiAs 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. ResponsibilitiesUnderwrite 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 escalate 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.Required Qualifications & SkillsBachelor'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.Beneficial Skills & QualificationsMaster'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.What We OfferJoin a team recognized as the top affordable housing lender in the country and build deep expertise in structured real estate finance while working closely with experienced bankers and credit professionals.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. ------------------------------------------------------Job Family Group: Risk Management------------------------------------------------------Job Family:Credit Risk------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:Houston Texas United States------------------------------------------------------Primary Location Full Time Salary Range:$114,720.00 - $172,080.00In 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.------------------------------------------------------Most Relevant Skills Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.------------------------------------------------------Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------Anticipated Posting Close Date:Oct 23, 2026------------------------------------------------------Automated Processing and AIWe use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.Illinois residents – AI Notice and Right------------------------------------------------------Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.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.View Citi’s EEO Policy Statement and the Know Your Rights poster.