BMO U.S.
Assistant Vice President (AVP), Asset Based Lending - Portfolio and Underwriting
BMO U.S., Chicago, Illinois, United States, 60290
Overview Join to apply for the
Assistant Vice President (AVP), Asset Based Lending - Portfolio and Underwriting
role at
BMO U.S.
All candidates should make sure to read the following job description and information carefully before applying. Position is a Portfolio Manager/Underwriting role, inclusive of current and new customer calling and pitching. As PM, you would manage 7-10 customers, while also managing the underwriting of new borrowers. Position is involved in decisioning and analysis of all types of credit information to support lending decisions for BMO. Position can be located in Chicago or Dallas to support market team. Responsibilities
Oversees credit and legal documentation and ongoing monitoring of asset and client performance Provides accurate financial analysis and risk assessment of new and existing customers Oversees preparation of concise, well reasoned credit correspondence Coordinates the preparation of lending proposals and pitches to prospective clients with efforts to maximize penetration and returns Negotiates transactions with clients and provides deal structuring expertise May manage work flow of other analysts by aligning tasks with departmental goals and objectives 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 Establishes cross-selling initiatives to increase penetration with client Applies knowledge in bank products, processes and systems and effectively trouble shooting to ensure a high-quality client experience May coordinate closing with closing department, clients and attorneys Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions Provides specialized consulting, analytical and technical support Exercises judgment to identify, diagnose, and solve problems within given rules Works independently and regularly handles non-routine situations Broader work or accountabilities may be assigned as needed Qualifications
Preferred 5 – 7 years of relevant experience in credit or lending instruments or financial operations in a corporate or banking environment If a Credit Qualifiable job, Credit Qualifications and associated credit knowledge and skills according to the credit portfolio requirements and qualification standards Bachelor’s degree required; Business Administration, Finance and Accounting preferred. Any other related discipline or commensurate work experience considered Deep knowledge and technical proficiency gained through extensive education and business experience Verbal & written communication skills - In-depth Collaboration & team skills - In-depth Analytical and problem solving skills - In-depth, experience in financial statement analysis and modeling is expected Influence skills - In-depth Data driven decision making - In-depth Salary
Salary:
$88,800.00 - $165,600.00 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 About Us 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’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. We’ll help you gain valuable experience, and broaden your skillset through training, coaching, manager support and opportunities. To find out more visit us at https://jobs.bmo.com/us/en BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, age, protected veteran status, disability status, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law. BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information. 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. Seniority level: Not Applicable Employment type: Full-time Job function: Administrative Industries: Banking
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Assistant Vice President (AVP), Asset Based Lending - Portfolio and Underwriting
role at
BMO U.S.
All candidates should make sure to read the following job description and information carefully before applying. Position is a Portfolio Manager/Underwriting role, inclusive of current and new customer calling and pitching. As PM, you would manage 7-10 customers, while also managing the underwriting of new borrowers. Position is involved in decisioning and analysis of all types of credit information to support lending decisions for BMO. Position can be located in Chicago or Dallas to support market team. Responsibilities
Oversees credit and legal documentation and ongoing monitoring of asset and client performance Provides accurate financial analysis and risk assessment of new and existing customers Oversees preparation of concise, well reasoned credit correspondence Coordinates the preparation of lending proposals and pitches to prospective clients with efforts to maximize penetration and returns Negotiates transactions with clients and provides deal structuring expertise May manage work flow of other analysts by aligning tasks with departmental goals and objectives 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 Establishes cross-selling initiatives to increase penetration with client Applies knowledge in bank products, processes and systems and effectively trouble shooting to ensure a high-quality client experience May coordinate closing with closing department, clients and attorneys Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions Provides specialized consulting, analytical and technical support Exercises judgment to identify, diagnose, and solve problems within given rules Works independently and regularly handles non-routine situations Broader work or accountabilities may be assigned as needed Qualifications
Preferred 5 – 7 years of relevant experience in credit or lending instruments or financial operations in a corporate or banking environment If a Credit Qualifiable job, Credit Qualifications and associated credit knowledge and skills according to the credit portfolio requirements and qualification standards Bachelor’s degree required; Business Administration, Finance and Accounting preferred. Any other related discipline or commensurate work experience considered Deep knowledge and technical proficiency gained through extensive education and business experience Verbal & written communication skills - In-depth Collaboration & team skills - In-depth Analytical and problem solving skills - In-depth, experience in financial statement analysis and modeling is expected Influence skills - In-depth Data driven decision making - In-depth Salary
Salary:
$88,800.00 - $165,600.00 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 About Us 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’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. We’ll help you gain valuable experience, and broaden your skillset through training, coaching, manager support and opportunities. To find out more visit us at https://jobs.bmo.com/us/en BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, age, protected veteran status, disability status, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law. BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information. 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. Seniority level: Not Applicable Employment type: Full-time Job function: Administrative Industries: Banking
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