Credit Analyst - Asset Based Lending - Chicago, IL (New Grad)

Bank of Montreal•Chicago, IL

36d•Onsite

About The Position

The Credit Analyst will join a structured rotational program with a cohort of several other Credit Analysts intended to develop broad asset-based lending credit skills and support the broader initiatives of the US Asset Based Lending group within BMO’s US Commercial Bank. Analysts will rotate between portfolio teams, gaining hands-on exposure to evaluating prospects for creditworthiness, credit reviews, portfolio monitoring, risk rating, covenant compliance, and collateral diligence. This role will assist in making credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.

Requirements

College Graduate with preference towards Accounting and Finance Majors, relevant internships or 1-2 years of applicable work experience to be considered
Advanced proficiency in Microsoft Excel, demonstrated through coursework, internship work, or independent projects
Working knowledge of financial modeling and financial statement analysis
Strong written communication skills, with the ability to translate financial analysis into clear, concise summaries appropriate for internal credit documentation
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.

Responsibilities

Analyzes credit information to support lending decisions and processes for new and existing Commercial banking loans and credit solutions in an assigned portfolio of clients
Makes credit decisions and recommendations in compliance with bank policies and procedures while maintaining an exceptional client service environment
Performs financial analysis and calculations, assesses client creditworthiness, prepares detailed credit summaries, analyses financial performance and risk profiles of clients within the portfolio
Supports portfolio monitoring and compliance, analyses metrics, and assesses industry trends to spot risks and opportunities
Monitors loan performance, accuracy and integrity of loan documentation and addresses credit-related issues
Conducts financial analysis and risk assessments of clients’ credit information to provide insights and make informed decisions
Minimizes BMO’s risk exposure by adhering to credit policies, regulatory standards, and operational guidelines
Manages timely and accurate data entry into BMO's systems and leverages the data to support decision-making
Thinks creatively and proposes new solutions
Exercises judgment to identify, diagnose, and solve problems within given rules
Works mostly independently
Broader work or accountabilities may be assigned as needed