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BMO Financial Group Analyst-Underwriting/Portfolio Asset Based Lending in Chicago, Illinois

Position responsibilities primarily include (i) screening prospects for credit worthiness for booking an Asset Based secured loan, (2) managing a portfolio of asset based borrowers, starting with more deal participations and advancing over time to more challenging borrower structures, and (3) working within a team environment underwriting new Asset Based transactions, which includes modeling/ financial skills, analyzing a borrower’s past performance and be able to make assumptions on future performance, writing skills and attention to detail in understanding and documenting with a credit memo a borrower’s business profile, competitive dynamics, and a business’ risks and mitigations. Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. This role will make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.

Qualifications:

  • Typically 1-3 years of relevant experience

  • Technical proficiency gained through education and/or business experience.

  • TecVerbal & written communication skills - In-depth.

  • Collaboration & team skills - In-depth.

Areas of responsibility:

  • Recommends credit according to sound credit-granting principles.

  • Evaluates clients’ ability to repay loans and consults on loan structure and collateral.

  • Identifies trends in client activities which may be predictive of deteriorating credit quality.

  • Performs periodic reviews of credit where more frequent monitoring may be appropriate.

  • Grants loan requests within specified limits, using understanding of credit scoring and risk management concepts.

  • Monitors covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.

  • Provides accurate financial analysis and risk assessment of new and existing customers.

  • Partners with internal stakeholders for accurate, detailed client information.

  • Develops credit information to make lending decisions on new, renewal and extension loans.

  • Assists in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients.

  • Prepares summary, present facts and offer opinions concerning credit worthiness.

  • Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.

  • Builds effective relationships with internal/external stakeholders.

  • May participate in on-site client visits with other internal stakeholders.

  • Maintains and promotes a customer service environment which meets and exceeds customer needs and expectations.

  • Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.

  • Exercises judgment to identify, diagnose, and solve problems within given rules.

  • Works independently on a range of complex tasks, which may include unique situations.

  • Broader work or accountabilities may be assigned as needed.

We’re here to help

At BMO Harris Bank we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmoharris.com .

BMO Harris Bank is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. BMO Harris Bank N.A. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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