Associate, Asset-Based Lending

BMO•Montreal, QC

1d•CA$56,000 - CA$103,500•Onsite

About The Position

The Associate will join the ABL team that is responsible for loan origination and account management of a growing portfolio of clients. The Associate will support account management in making approval recommendations as well as ongoing proactive independent monitoring of client portfolios and client financial performance. In addition, as part of an ongoing team approach, the Associate will work closely with various internal Partners to best serve and manage our existing client relationships as well as grow the portfolio. The Associate will prepare credit packages to make recommendations regarding risk, deal structure, and client requirements by analyzing financial and operational data of new and existing clients.

Requirements

Undergraduate degree in finance, accounting, or business administration (BCom/BBA/HBA)
Minimum 2 years of commercial or corporate credit experience, preferably in a transaction execution role.
Strong computer literacy and technical skills as it relates to basic Microsoft Office applications (Excel, Word, PowerPoint).
Excellent verbal & written communication skills.
Strong organizational and collaboration skills with the ability to prioritise work and manage multiple tasks while meeting time sensitive deadlines.
Fluent in French and English as this role provides support to clients and team members inside and/or outside the province of Quebec.

Nice To Haves

Other financial designations considered an asset (i.e., CPA, CFA, MBA, etc.).
Previous experience in an asset-based lending role would be a definite asset.
Good understanding of the Asset-Based Lending product, marketplace, and loan structuring would be preferable.
Well developed analytical and quantitative skills with a focus on financial and accounting analysis, as well as data and statistical analysis.

Responsibilities

Conduct financial analysis with the ability to identify key transactions risks and potential mitigation.
Monitors financial reporting, covenants, and collateral of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.
Analyze credit information to support lending decisions for new, renewal and extension of loans, as well as to offer opinions regarding credit worthiness of existing or prospective clients.
Assist in negotiations of terms and conditions of loan agreements.
Help minimize BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
Build relationships with internal/external stakeholders.
Execute broader work or accountabilities depending on business needs.