Assistant Vice President-asset Based - Chicago, United States - BMO US

BMO US

Verified Company

Chicago, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

320 S Canal Street Chicago Illinois,60606

Position is a PM/ Underwriting role, inclusive of current and new customer calling and pitching.

As PM, hire would manage 7-10 customers, while also managing the underwriting of new borrowers and helping train younger team members.

Position is involved in decisioning and analysis of all types of credit information to support lending decisions for BMO.

Oversees credit and legal documentation and ongoing monitoring of asset and client performance
Provides accurate financial analysis and risk assessment of new and existing customers
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.
Negotiates transactions with clients and provides deal structuring expertise.
May manage work flow of other analysts by aligning tasks with departmental goals and objectives.
Develops credit information to make lending decisions on new, renewal and extension loans.
Prepares summary, present facts and offer opinions concerning credit worthiness.
Establishes crossselling initiatives to increase penetration with client.
Applies knowledge in bank products, processes and systems and effectively trouble shooting to ensure a highquality client experience.
May coordinate closing with closing department, clients and attorneys.
Minimizes BMO's risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles nonroutine situations.
Broader work or accountabilities may be assigned as needed.

Qualifications:

Typically between 7 years of relevant experience and postsecondary degree in related field of study or an equivalent combination of education and experience helpful.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Verbal & written communication skills
Indepth.
Collaboration & team skills
Indepth.
Analytical and problem solving skills
Indepth, experience in financial statement analysis and modeling is expected.

Influence skills

Indepth.
Data driven decision making
Indepth.

Compensation and Benefits:

$87, $161,400.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure.

Salaries for part-time roles will be pro-rated based on number of hours regularly worked.

For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

We're here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.

We strive to help you make an impact from day one - for yourself and our customers.

We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs.

From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.