BMO - Tempe, AZ
posted 4 months ago
The Commercial Underwriter - Emerging Middle Market at BMO Financial Group plays a crucial role in facilitating decision-making and analysis of various types of credit information to support lending decisions and processes for the bank. This position is centered around maintaining and promoting a client service environment that not only meets but exceeds customer needs and expectations. The individual in this role will be responsible for making credit decisions and recommendations that align with sound credit-granting principles while ensuring compliance with Bank Policies & Procedures. In this role, the underwriter will identify new sales opportunities for both prospects and existing commercial clients through thorough analysis. Participation in on-site client visits with other internal stakeholders may also be required. The underwriter will be expected to recommend credit based on sound credit-granting principles and exercise individually held Commercial unilateral discretionary limits, as well as any prescribed approval discretionary limits. Supporting the execution of strategic initiatives in collaboration with both internal and external stakeholders is a key responsibility. The underwriter will evaluate clients' ability to repay loans and provide consultation on loan structure and collateral. Identifying trends in client activities that may indicate deteriorating credit quality is essential, as is performing periodic reviews of credit where more frequent monitoring may be warranted. A strong understanding of borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, and loan structure is necessary. The role involves granting loan requests within specified limits, utilizing knowledge of credit scoring and risk management concepts. Monitoring covenants of clients within the assigned portfolio to identify deteriorating credit conditions and ensure compliance with loan agreements is also a critical task. The underwriter will provide accurate financial analysis and risk assessment of both new and existing customers, partnering with internal stakeholders to gather detailed client information. Developing credit information to make informed lending decisions on new, renewal, and extension loans is a key function of this position. Additionally, the underwriter will assist in negotiating terms and conditions of all decisions made through phone and email interactions with clients. Preparing summaries, presenting facts, and offering opinions concerning creditworthiness are also part of the job. Minimizing BMO's risk exposure by adhering to internal credit policies and procedures regarding lending decisions is paramount. The underwriter will also provide input into the planning and implementation of operational programs and build effective relationships with internal and external stakeholders. The focus of this role is primarily on the business/group within BMO, although there may be a broader, enterprise-wide focus as well. The underwriter will exercise judgment to identify, diagnose, and solve problems within established rules and will work independently on a range of complex tasks, which may include unique situations. Broader work or accountabilities may be assigned as needed.