Special Assets Team - Distressed Corporate Debt Associate

The Special Assets Associate is an intermediate professional role within the Citi’s Global Special Assets group responsible for the bank’s stressed credit coverage and high risk projects. The Associate brings credit research, analytics and corporate valuation disciplinary knowledge to evaluate a range of special asset cases from small and medium enterprises to global large cap firms. Integrates subject matter and industry expertise within a defined area to develop moderately complex credit analysis and valuation documents critical to account management and the Bank’s P&L. Associates are primarily responsible for maintaining high quality credit review and valuation dockets for their respective portfolio of Obligors, study alternative scenarios, track broad industry parameters and maintain a market sensitive balanced view, potentially in conflicting situations given multiple stakeholder reviews. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Work and performance of all teams in the area are directly affected by the performance of the individual.

Responsibilities:

• Valuation and restructuring analysis for stressed companies/situations, including the determination of write-off and reserves impacting rating/classification and P&L of Citi
• Prepare quarterly classification documents (credit memos) with detailed financial and credit analyses in order to maintain appropriate classifications of Citi’s classified exposures
• Assess liquidity, debt capacity and other areas of financial and operating performance to evaluate areas of weakness and potential for turnaround
• Model companies' financial position to assess appropriate debt structure and accurate debt value using the most appropriate valuation methodology (Corporate DCF Valuation)
• Timely monitoring of portfolio companies and reporting to senior credit and business management
• Work closely with other colleagues (Seniors Bankers and Senior Credit Officer-level transactors) to remain coordinated on the restructuring/valuation process and assess likely restructuring scenarios.
• Liaise with internal business and product areas in the bank, as well as external fund managers, advisors and consultants to develop deeper industry expertise
• Interact with external clients and third party professionals engaged to support the plan
• Develop and present action plans for assigned portfolio to senior management
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency
  

Qualifications:

• 2-4 years relevant experience
• Knowledge of credit assessment techniques and policies of US banks preferred
• Ability to analyze and evaluate financial statements and business plans, across a range of industrial sectors
• Proficient knowledge of corporate and debt structuring, with a particular understanding of bank loan documentation
• Advanced credit analysis and corporate financial modeling
• Commercial Credit training preferred, good understanding of risk profiles of all credit products.
• Risk assessment and quantitative analysis experience
• Ability to build and maintain relationships and communication skills, both written and verbally, ability to work autonomously, as well make meaningful contributions as part of a team
• Proficient in MS-Office applications, knowledge of Bloomberg/Factset preferred

Education:

• Bachelor’s/University degree or equivalent experience

• Spanish speakers, a plus

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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.

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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.

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