Vice President-Asset Based Lending-Underwriting/Portfolio Management
Company: Bank of Montreal
Location: Chicago
Posted on: April 18, 2024
Job Description:
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:
05/02/2024Address:320 S Canal StreetJob Family Group:Commercial
Sales & ServicePosition 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 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.Compensation and
Benefits:$87,000.00 - $161,400.00Pay Type:SalariedThe 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 helpAt
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
http://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
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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, we're focused on building, investing and
transforming how we work to drive performance and continue growing
the good.Who we areWe're 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, we'll continue to build, invest and transform to
drive performance that serves the good that grows.
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Keywords: Bank of Montreal, Tinley Park , Vice President-Asset Based Lending-Underwriting/Portfolio Management, Executive , Chicago, Illinois
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