Credit Underwriting Manager 2


Company:: Citi
Location:: Saint Louis, MO
Job Type:: Full Time
Category:: Sales & Trading, Risk Management, Mortgage & Real Estate

Yrs of Exp:: 10+ to 15 years
Posted:: 5/3/2013

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Job Description

Citi is today's pre-eminent financial services company and was built to create a highly diversified financial services company that could act as one to deliver solutions to clients throughout the world. With the most diverse array of products and the greatest distribution capacity of any financial firm in the world, our employees manage 200 million customer accounts across six continents in more than 100 countries.

Citigroup Inc. and its subsidiaries ("Citigroup") are equal opportunity employers M/F/D/V and do not discriminate on the basis of any legally protected status or characteristic.

Description: Manage team of quality assurance underwriters responsible for reviewing loans for compliance with company and investor guidelines. This may include:
-       Loans from different channels of origination, including Home Equity loans.
-       Ensure targeted timeline and production standards are met, and that consistency in application of underwriting policies exists.
-       Prepare and analyze a variety of quality control related MIS (Daily, weekly, monthly and ad hoc reporting of findings).
-       Provide timely, accurate feedback to the various departments and levels of management within the organization.
-       Effectively work with Business Risk Management and Operations Management regarding appropriate corrective action plans and/or training, as necessary.
-       Train and develop staff skills to achieve department objectives.
-       Manage and maintain an effective and motivated team through interviewing, hiring, training, counseling, delegation and personal leadership.
-       Management duties including proper handling of all personnel administration matters such as, staff development, and performance management.

Qualifications:
-       College degree strongly preferred (Business, Finance, Accounting, or Economics).
-       Candidate should have 10+ years of experience in underwriting consumer mortgages; familiarity with FHA, VA, FNMA, GNMA, FHLMC guidelines required.
-       Other experience in a risk management role is a plus, and experience managing people is highly preferred.
-       Thorough knowledge of property and credit requirements, including secondary market underwriting requirements.
-       Excellent oral/written communication skills.
-       Strong analytical and problem solving skills; ability to interact/present to all levels of the organization; confident in ability and able to credibly defend rationale for decisions, if challenged.
Excellent leadership skills, including managing and motivating a team.

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