Asset Based Lending Vice President Portfolio and Underwriting

Bank of Montreal•Chicago, IL

6d•Onsite

About The Position

This position is a PM/ Underwriting role, inclusive of current and new customer calling and pitching. As PM, the hire would manage 7-10 primarily lead and some participations, while also managing the underwriting of new borrowers and helping train younger team members. The position is involved in decisioning and analysis of all types of credit information to support lending decisions for BMO. The position is to be located in Chicago to support the market team. It oversees credit and legal documentation and ongoing monitoring of asset and client performance. It provides accurate financial analysis and risk assessment of new and existing customers. It oversees the preparation of concise, well reasoned credit correspondence. It coordinates the preparation of lending proposals and pitches to prospective clients with efforts to maximize penetration and returns. It negotiates transactions with clients and provides deal structuring expertise. It manages the work flow of other analysts by aligning tasks with departmental goals and objectives. It develops credit information to make lending decisions on new, renewal and extension loans. It assists in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients. It prepares summaries, presents facts and offers opinions concerning credit worthiness. It establishes cross-selling initiatives to increase penetration with clients. It applies knowledge in bank products, processes and systems and effectively troubleshoots to ensure a high-quality client experience. It coordinates closing with the closing department, clients and attorneys. It minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions. It provides specialized consulting, analytical and technical support. It exercises judgment to identify, diagnose, and solve problems within given rules. It works independently and regularly handles non-routine situations. Broader work or accountabilities may be assigned as needed.

Requirements

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
In-depth verbal & written communication skills
In-depth collaboration & team skills
In-depth analytical and problem solving skills, including financial statement analysis and modeling skill
In-depth influence skills
In-depth data driven decision making

Responsibilities

Manage 7-10 primarily lead and some participations
Manage the underwriting of new borrowers
Help train younger team members
Decisioning and analysis of all types of credit information to support lending decisions
Oversee credit and legal documentation and ongoing monitoring of asset and client performance
Provide accurate financial analysis and risk assessment of new and existing customers
Oversee preparation of concise, well reasoned credit correspondence
Coordinate preparation of lending proposals and pitches to prospective clients
Negotiate transactions with clients and provide deal structuring expertise
Manage work flow of other analysts
Develop credit information to make lending decisions on new, renewal and extension loans
Assist in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients
Prepare summary, present facts and offer opinions concerning credit worthiness
Establish cross-selling initiatives to increase penetration with client
Apply 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
Minimize BMO’s risk exposure by adhering to internal credit policies and procedures
Provide specialized consulting, analytical and technical support
Exercise judgment to identify, diagnose, and solve problems within given rules
Work independently and regularly handle non-routine situations