Corporate Lending Closing Specialist

BMO•Chicago, IL

12d

About The Position

Seeking experienced candidates to join our Leveraged Finance Lending Operations Team, in the role of Corporate Lending Closing Specialist. This role is primarily accountable to manage highly syndicated loan transactions within LoanIQ and ClearPar, including set up of the deal at closing, managing and executing the primary syndication settlement, maintaining ongoing lender positions, and booking of refinancing's or other corporate actions. The ideal candidate is experienced in closing highly syndicated loan transactions and the primary syndication settlement process. Experienced in LoanIQ, ClearPar, and S&P Loan Platform is highly desired. Provides loan closing and portfolio monitoring support in a professional and timely manner. Facilitates the loan closing process, commitment management and the booking and accounting of the loan portfolio ensuring all required policies, guidelines and standards are met. Delivers exceptional customer service by providing responsive, accurate, consistent, knowledgeable services and support. Addresses more complex escalated customer requests and transactions or escalates with recommendations. Provides advice and guidance to assigned business/group on implementation of solutions. Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs. Conducts independent analysis and assessment to resolve strategic issues. Builds effective relationships with internal/external stakeholders. Ensures alignment between stakeholders. Breaks down strategic problems, and analyses data and information to provide insights and recommendations. Supports change management of varying scope and type; tasks typically focused on execution and sustainment activities. Participates in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels. May act as Team Lead and assist manager in activities such as coordination and scheduling of work, workload management, resource forecasting, quality control, training, coaching team members and problem resolution. Provides input into the planning and implementation of operational programs. Processes more complex transactions and activities. Researches and resolves discrepancies and issues or escalates to manager, as required. Completes administrative activities to ensure the smooth operation of the unit; including scanning and filing documents as required. Executes routine tasks such as service requests, transactions, queries etc. within relevant service level agreements. Identifies business needs, designs/develops tools and training programs; may include delivery of training to audiences. Acts as the day to day contact for vendors; supports the implementation, maintenance, and sustainment of vendor solutions. Participates in deal closing events to ensure conditions and funding requirements have been met. Analyzes the credit documentation to the credit approval, structures the loan parameters on the lending system and communicates deal information to deal stakeholders. Tracks and monitors credit, legal and compliance documentation/collateral and participates in the follow up and escalation process when issues are identified. Gathers additional documentation from the customer and/ or internal/external stakeholders to ensure all required information is available to fulfill client requests. Manages customer documentation to ensure that records are maintained in a proper manner. Investigates and addresses customer services issues according to established parameters, referring or escalating as required. Collaborates with internal and external stakeholders to deliver on business objectives. Analyzes data and information to provide insights and recommendations. Develops knowledge around a customer’s business, industry, and market in effort to better service their needs. May prepare legal documents. Collaborates in identifying, recommending and implementing workflow improvements to deliver a more efficient operation. Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus. Exercises judgment to identify, diagnose, and solve problems within given rules. Works independently on a range of complex tasks, which may include unique situations. Broader work or accountabilities may be assigned as needed.

Requirements

Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Knowledge and understanding of business unit’s key products and services, processes and controls – In-depth.
Knowledge of standard desktop applications (i.e. Excel, etc.) and department systems and applications (i.e. LoanIQ, ClearPar, S&P Loan Platform etc.) – In-depth.
Understanding of business unit’s risk and regulatory requirements – In-depth.
Accurate data entry skills.
Technical proficiency gained through education and/or 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.

Nice To Haves

Experienced in LoanIQ, ClearPar, and S&P Loan Platform is highly desired.
Experienced in closing highly syndicated loan transactions and the primary syndication settlement process.

Responsibilities

Manage highly syndicated loan transactions within LoanIQ and ClearPar
Set up the deal at closing
Manage and execute the primary syndication settlement
Maintain ongoing lender positions
Book refinancing's or other corporate actions
Provide loan closing and portfolio monitoring support
Facilitate the loan closing process and commitment management
Ensure all required policies, guidelines and standards are met
Deliver exceptional customer service
Address complex escalated customer requests
Provide advice and guidance to assigned business/group on implementation of solutions
Develop solutions and make recommendations based on an understanding of the business strategy and stakeholder needs
Conduct independent analysis and assessment to resolve strategic issues
Build effective relationships with internal/external stakeholders
Break down strategic problems, and analyses data and information to provide insights and recommendations
Support change management of varying scope and type
Participate in defining the communication plan
Act as Team Lead and assist manager in activities such as coordination and scheduling of work, workload management, resource forecasting, quality control, training, coaching team members and problem resolution
Provide input into the planning and implementation of operational programs
Process more complex transactions and activities
Research and resolve discrepancies and issues or escalate to manager, as required
Complete administrative activities to ensure the smooth operation of the unit
Execute routine tasks such as service requests, transactions, queries etc. within relevant service level agreements
Identify business needs, designs/develops tools and training programs
Act as the day to day contact for vendors
Participate in deal closing events to ensure conditions and funding requirements have been met
Analyze the credit documentation to the credit approval, structures the loan parameters on the lending system and communicates deal information to deal stakeholders
Track and monitor credit, legal and compliance documentation/collateral and participates in the follow up and escalation process when issues are identified
Gather additional documentation from the customer and/ or internal/external stakeholders to ensure all required information is available to fulfill client requests
Manage customer documentation to ensure that records are maintained in a proper manner
Investigate and address customer services issues according to established parameters, referring or escalating as required
Collaborate with internal and external stakeholders to deliver on business objectives
Analyze data and information to provide insights and recommendations
Develop knowledge around a customer’s business, industry, and market in effort to better service their needs
May prepare legal documents
Collaborate in identifying, recommending and implementing workflow improvements to deliver a more efficient operation
Exercise judgment to identify, diagnose, and solve problems within given rules
Work independently on a range of complex tasks, which may include unique situations