Vice President-Asset Based Lending-Underwriting/Portfolio Management page is loaded
Vice President-Asset Based Lending-Underwriting/Portfolio Management
Apply
locations
Chicago, IL, USA
time type
Full time
posted on
Posted 30 Days Ago
job requisition id
R240002797
Application Deadline:
05/02/2024 Address:
320 S Canal Street Job Family Group:
Commercial Sales & Service Position is a PM/ Underwriting role, inclusive of current and new customer calling and pitching. As PM, hire would manage 7-10 customers, while also managing the underwriting of new borrowers and helping more junior team members. Position is involved in decisioning and analysis of all types of credit information to support lending decisions for BMO.
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.
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.
Coordinate closing with closing department, clients and attorneys.
Minimizes BMOs 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:
Typically between 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience helpful.
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, including financial statement analysis and modeling skill.
Influence skills - In-depth.
Data driven decision making - In-depth.
Compensation and Benefits:
$87,000.00 - $161,400.00
Pay Type:
Salaried The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.
BMO Financial Groups 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
Were 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. Well 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, well help you gain valuable experience, and broaden your skillset.
To find out more visit us at
http://jobs.bmo.com/us/en
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each others 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.
Similar Jobs (5)
Associate Asset Based Lending-Portfolio/Underwriting
locations
Chicago, IL, USA
time type
Full time
posted on
Posted 30 Days Ago
Manager, Audit & Credit Risk Initiatives - Commercial Banking
locations
14 Locations
time type
Full time
posted on
Posted 8 Days Ago
Senior Manager - Liquidity Risk Stress Testing
locations
2 Locations
time type
Full time
posted on
Posted 13 Days Ago
BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, were focused on building, investing and transforming how we work to drive performance and continue growing the good.
Who we are
Were proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services.
As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers.
In Canada, the United States and across the globe, well continue to build, invest and transform to drive performance that serves the good that grows.
#J-18808-Ljbffr