BMO U.S.
Small Business Administration (SBA) Underwriter
BMO U.S., Chicago, Illinois, United States, 60290
Overview
Small Business Administration (SBA) Underwriter role at BMO U.S. We are seeking an SBA Underwriter with experience in SBA lending, including 504 and 7(a) programs. The ideal candidate will be a collaborative team player with an understanding of SBA Standard Operating Procedures (SOPs) and the ability to apply them effectively in underwriting decisions. Responsibilities
Facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank. Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. Make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures. Identifies new sales opportunities for prospects and existing commercial clients through analysis. May participate in on-site client visits with other internal stakeholders. Recommends credit according to sound credit-granting principles. Exercises individually held Commercial unilateral discretionary limits and any held prescribed approval discretionary limits. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders. Evaluates clients’ ability to repay loans and consults on loan structure and collateral. Identifies trends in client activities which may predict deteriorating credit quality. Performs periodic reviews of credit where more frequent monitoring may be appropriate. Understands borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, loan structure, etc. 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 agreements. 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, presents facts and offers opinions concerning credit worthiness. Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions. Provides input into the planning and implementation of operational programs. Builds effective relationships with internal/external stakeholders. 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. Qualifications
Typically between 4 - 6 years of relevant experience and post-secondary degree in related field or an equivalent combination of education and experience. Technical proficiency gained through education and/or business experience. Verbal & written communication skills - In-depth. Collaboration & team skills - In-depth. Analytical and problem solving skills - In-depth. Influence skills - In-depth. Data driven decision making - In-depth. Salary and Benefits
$69,000.00 - $127,800.00 Pay Type: Salaried The above represents BMO Financial Group’s pay range and type. Salaries will vary based on location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated. For commission roles, the salary listed above represents the expected target for the first year in this position. BMO’s total compensation package will vary based on pay type and may include incentives, bonuses, and other benefits. Health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans are available. For details, 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. We create lasting, positive change for our customers, communities and people through collaboration, innovation, and responsible growth. We value our employees and provide training, coaching, and opportunities to grow. To learn more, visit: https://jobs.bmo.com/us/en BMO is 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, or other protected characteristics. We also consider applicants with criminal histories in accordance with applicable laws. If you need a reasonable accommodation during the employment process, please email BMOCareers.Support@bmo.com. Note to Recruiters: BMO does not accept unsolicited resumes from third parties unless there is a valid, written agency agreement. Unsolicited resumes will be considered BMO property.
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Small Business Administration (SBA) Underwriter role at BMO U.S. We are seeking an SBA Underwriter with experience in SBA lending, including 504 and 7(a) programs. The ideal candidate will be a collaborative team player with an understanding of SBA Standard Operating Procedures (SOPs) and the ability to apply them effectively in underwriting decisions. Responsibilities
Facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank. Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. Make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures. Identifies new sales opportunities for prospects and existing commercial clients through analysis. May participate in on-site client visits with other internal stakeholders. Recommends credit according to sound credit-granting principles. Exercises individually held Commercial unilateral discretionary limits and any held prescribed approval discretionary limits. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders. Evaluates clients’ ability to repay loans and consults on loan structure and collateral. Identifies trends in client activities which may predict deteriorating credit quality. Performs periodic reviews of credit where more frequent monitoring may be appropriate. Understands borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, loan structure, etc. 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 agreements. 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, presents facts and offers opinions concerning credit worthiness. Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions. Provides input into the planning and implementation of operational programs. Builds effective relationships with internal/external stakeholders. 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. Qualifications
Typically between 4 - 6 years of relevant experience and post-secondary degree in related field or an equivalent combination of education and experience. Technical proficiency gained through education and/or business experience. Verbal & written communication skills - In-depth. Collaboration & team skills - In-depth. Analytical and problem solving skills - In-depth. Influence skills - In-depth. Data driven decision making - In-depth. Salary and Benefits
$69,000.00 - $127,800.00 Pay Type: Salaried The above represents BMO Financial Group’s pay range and type. Salaries will vary based on location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated. For commission roles, the salary listed above represents the expected target for the first year in this position. BMO’s total compensation package will vary based on pay type and may include incentives, bonuses, and other benefits. Health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans are available. For details, 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. We create lasting, positive change for our customers, communities and people through collaboration, innovation, and responsible growth. We value our employees and provide training, coaching, and opportunities to grow. To learn more, visit: https://jobs.bmo.com/us/en BMO is 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, or other protected characteristics. We also consider applicants with criminal histories in accordance with applicable laws. If you need a reasonable accommodation during the employment process, please email BMOCareers.Support@bmo.com. Note to Recruiters: BMO does not accept unsolicited resumes from third parties unless there is a valid, written agency agreement. Unsolicited resumes will be considered BMO property.
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