Asset Based Lending Vice President Portfolio and Underwriting

BMO Financial Group • Chicago, IL • 3h ago

Position is a PM/ Underwriting role, inclusive of current and new customer calling and pitching. As PM, hire would manage 7-10 primarily lead and some participations, while also managing the underwriting of new borrowers and helping train younger team members. Position is involved in decisioning and analysis of all @types of credit information to support lending decisions for BMO. Position to be located in Chicago to support market team.

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 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:

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.

Salary:

$122,400.00 - $228,000.00

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 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 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, sexual stereo@types, age, status as a protected veteran, status as an individual with a disability, 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.

Similar Jobs

Tax Manager, State Income and Franchise - Multistate

Deloitte • Chicago, IL • 3h ago

Finance, Accounting & Banking

Are you a strategic and creative Multistate Tax professional who loves solving complex state and local tax issues? Are you intrigued by the tax considerations specific to investment management, private equity, real estat...

3h ago

Go to Apply

Deloitte • Chicago, IL • 3h ago

Finance, Accounting & Banking

3h ago

Go to Apply

Assistant Unit Controller

Curtiss-Wright Corporation • Arlington Heights, IL • 9h ago

Finance, Accounting & Banking

Assistant Unit Controller Curtiss-Wright's Industrial Division is looking for an Assistant Unit Controller to join their team! The Assistant Controller is a strategic business partner to the Business Unit Controller and...

9h ago

Go to Apply

Auto Claims Adjuster Trainee

First Chicago Insurance Company • Bedford Park, IL • 21h ago

Finance, Accounting & Banking

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/13542707 Attention Recent College Grads! If you are looking for a rewarding career...

21h ago

Go to Apply

Strategy& Financial Services - AWM Consulting Manager

PwC • Chicago, IL • 1d ago

Finance, Accounting & Banking

Specialty/Competency: Corporate and Business Strategy Industry/Sector: FS X-Sector Time Type: Full time Travel Requirements: Up to 80% The Opportunity As a Strategy& AWM Consulting Manager, you will provide strategic...

1d ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)