BMO Financial Group Jobs

We are a strong revenue generating and growing business, looking for someone with experience in affordable housing, that can underwrite investment opportunities in low income housing tax credit funds.

As a portfolio manager in BMO’s Community Capital Solutions group, you will be joining a diverse and experienced team to underwrite and manage investments in private equity funds, affordable housing funds and non-profit organizations in support of BMO Harris Bank’s Community Reinvestment Act (CRA) objectives. We are an active investor in Small Business Investment Company (SBIC) funds, Low Income Housing Tax Credit (LIHTC) funds, and Community Development Financial Institutions (CDFIs). These social impact investments support BMO’s Purpose: Boldly Grow the Good in Business and Life.

This role requires a strong credit/investment and accounting background with experience in affordable housing and low income housing tax credit (LIHTC) investing preferred.

The portfolio manager (PM) will regularly interact with external third-party investment fund managers, syndicators and non-profit organizations. The PM will also work with internal BMO groups including Sponsor Finance, Commercial Real Estate, Sponsor Fund Lending, CRA Governance, Tax, Accounting and Risk Management.

• Analyze and review financial and operating information relating to third party private equity fund investments, low income housing tax credit investments, and Community Development Financial Institution (CDFI) investments.

• Complete due diligence on new investment opportunities.

• Conducting risk analysis of proposed investments.

• Summarize the investment thesis utilizing a prescribed memorandum format for presentation to an internal Investment Committee.

• Complete Subscription Agreements and coordinate closings.

• Prepare performance reports for internal presentations to members of the internal Investment Committee, Risk and Executive Management.

• Verify portfolio data and ensuring accuracy.

• Review and analyze reporting for existing portfolio investments.

• Monitor the cash flows including capital calls and distributions.

• Monitor compliance with regulatory restrictions.

• Minimize BMO’s risk exposure by adhering to internal policies and procedures.

• Builds effective relationships with internal/external stakeholders.

• Works independently and regularly handles non-routine situations.

QUALIFICATIONS

KNOWLEDGE:

• Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Deep knowledge and technical proficiency gained through extensive education and business experience.

• Alternative assets/LIHTC investment experience.

• Familiarity with BMO’s software systems and Investran.

SKILLS:

• Strong credit/investment and accounting background with experience in affordable housing and low income housing tax credit (LIHTC) preferred.

• Strong analytical skills to include business, financial, and investment analysis areas.

• Excellent written and verbal communication skills.

• Expertise in financial computer applications and database management tools including MS Excel. Strong proficiency in other Microsoft Office products and the Internet.

• Ability to be creative, insightful and resourceful in performance of duties.

• Strong interpersonal skills used within a collaborative and demanding team environment.

• Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner.

• Excellent capability to independently function as part of a team through self-motivation.

• Flexibility and adaptability to handle changing priorities pertaining to workflow.

• The ability to recognize the requirements of confidentiality.

Compensation and Benefits:

$87,000.00 - $161,400.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

We’re here to help

At BMO 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 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.bmo.com/us/en

BMO 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 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.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.