VP, Portfolio Manager of Affordable Housing/Community Development

Bank of Montreal•Chicago, IL

5d•Onsite

About The Position

This position is responsible for underwriting, closing, and managing multifamily construction loans for Low Income Housing Tax Credit Developments across the U.S. It facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank. The role maintains and promotes a client service environment to satisfy and exceed customer needs and expectations. This role will make credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures. It applies deep expertise in bank products, processes, and systems and effectively troubleshoots to ensure a high-quality client experience. May coordinate closing with the closing department, clients, and attorneys. Serves as a daily escalation resource to ensure client expectations are met or exceeded. Acts as a trusted advisor to the assigned business/group. Influences and negotiates to achieve business objectives. Recommends and implements solutions based on analysis of issues and implications for the business. Conducts independent analysis and assessment to resolve strategic issues. Helps determine business priorities and the best sequence for execution of business/group strategy. Acts as the prime subject matter expert for internal/external stakeholders. Maintains current financing trends in target clients’ markets and communicates the same to team members. Oversees preparation of concise, well-reasoned credit correspondence. Coordinates the preparation of lending proposals and pitches to prospective clients with efforts to maximize penetration and returns. Oversees documentation and ongoing monitoring of asset and client performance. May manage the workflow of other analysts by aligning tasks with departmental goals and objectives. Provides accurate financial analysis and risk assessment of new and existing customers. Partners with internal stakeholders for accurate, detailed client information. Develops credit information to make lending decisions on new, renewal, and extension loans. Prepares summaries, presents facts, and offers opinions concerning creditworthiness. Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions. Builds effective relationships with internal/external stakeholders. Focus is primarily on the business/group within BMO; may have a 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.

Requirements

Typically, between 5 - 7 years of relevant experience
Post-secondary degree in related field of study or an equivalent combination of education and experience.
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.

Responsibilities

Underwriting, closing and managing multifamily construction loans for Low Income Housing Tax Credit Developments across the U.S.
Facilitates decisioning and analysis of all types of credit information to support lending decisions and processes for the bank.
Maintains and promotes a client service environment to satisfy and exceed customer needs and expectations.
Makes credit decisions and recommendations in accordance with sound credit-granting principles and in compliance with Bank Policies & Procedures.
Applies deep expertise in bank products, processes and systems and effectively trouble shooting to ensure a high-quality client experience.
May coordinate closing with closing department, clients and attorneys.
Serves as a daily escalation resource to ensure client expectations are met or exceeded.
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.
Conducts independent analysis and assessment to resolve strategic issues.
Help determine business priorities and best sequence for execution of business/group strategy.
Acts as the prime subject matter expert for internal/external stakeholders.
Maintains current financing trends in target clients’ markets and communicate same to team members.
Oversees preparation of concise, well-reasoned credit correspondence.
Coordinates the preparation of lending proposals and pitches to prospective clients with efforts to maximize penetration and returns.
Oversees documentation and ongoing monitoring of asset and client performance.
May manage workflow of other analysts by aligning tasks with departmental goals and objectives.
Provides accurate financial analysis and risk assessment of new and existing customers.
Partners with internal stakeholders for accurate, detailed client information.
Develop credit information to make lending decisions on new, renewal and extension loans.
Prepare summary, present facts and offer opinions concerning credit worthiness.
Minimizes BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
Builds effective relationships with internal/external stakeholders.
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.