Commercial Underwriter

BMO

1d•Remote

About The Position

Analyzes new customer credit applications. Makes credit decisions / recommendations in accordance with credit-granting principles. Acts as a trusted advisor to assigned business/group. Influences and negotiates to achieve business objectives. Recommends and implements solutions based on analysis of issues and implications for the business. Identifies emerging issues and trends to inform decision-making. Supports the execution of strategic initiatives in collaboration with internal and external stakeholders. Helps determine business priorities and best sequence for execution of business/group strategy. Conducts independent analysis and assessment to resolve strategic issues. Collaborates with internal and external stakeholders to deliver on business objectives. Ensures alignment between stakeholders. Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Designs and produces regular and ad-hoc reports, and dashboards. Monitors and tracks performance and addresses any issues. Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives. Leads or participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels. Executes routine tasks (e.g. service requests, transactions, queries etc.) within relevant service level agreements. Provides input into the planning and implementation of operational programs. Adjudicates new credit applications within defined limits or recommends credit products based on sound credit granting principles. Completes credit analyses to adjudicate credit applications. Responds to incoming inquiries in a prompt and professional manner and escalates issues to superiors or other departments. Assists customers and conducts all credit and related transactions. Keeps current with established processes, policies, and regulations, and knowledge of products, credit policies, services, and relevant legal, regulatory, and technology requirements. May contact customers to obtain, clarify, or confirm information. Applies and documents sound credit granting applications and lending decisions. Follows security and safeguarding procedures to reduce credit/lending risks. Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus. 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. Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

Requirements

Typically between 9+ years of relevant experience and post-secondary degree in Business or a related field of study or an equivalent combination of education and experience.
9+ years of credit underwriting experience - required.
7+ years of management and leadership experience.
Experience in structuring and underwriting lending products in compliance with legal and regulatory requirements and underwriting guidelines.
Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) in the U.S. - required.
In-depth understanding of required disclosures.
Proven experience in interfacing with internal and external auditors and examiners.
Basic knowledge of pricing and secondary marketing.
In-depth pipeline management - required.
Strong comprehension of complicated income structures, including income from multiple sources (e.g. self-employment, rental or trust income, etc.).
In-depth knowledge of competitive marketplace and trends in product offerings.
In-depth knowledge of cash flow, credit, and evaluating collateral.
In-depth knowledge of complex credit request structures that minimize risk while providing business value to the customer.
Working knowledge of credit policies, procedures, principles, and philosophy.
Thorough knowledge of software used to capture credit applications.
Strong ability to analyze complex financials and tax returns.
Strong familiarity with credit financial analysis techniques.
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.
Influence skills - In-depth.
Data driven decision making - In-depth.