BMO - Fargo, ND
posted 4 months ago
The Commercial Underwriter for Emerging Middle Market 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 responsible for maintaining and promoting a client service environment that not only meets but exceeds customer needs and expectations. The underwriter will make credit decisions and recommendations in accordance with sound credit-granting principles and in 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 recommend credit based on sound credit-granting principles and will exercise individually held Commercial unilateral discretionary limits as well as any prescribed approval discretionary limits. The position involves evaluating clients' ability to repay loans and consulting on loan structure and collateral. The underwriter will identify trends in client activities that may indicate deteriorating credit quality and will perform periodic reviews of credit where more frequent monitoring may be appropriate. 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 essential. The underwriter will grant 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 compliance with loan agreements is a key responsibility. The underwriter will provide accurate financial analysis and risk assessment of new and existing customers, partnering with internal stakeholders to ensure detailed client information is available. Additionally, the underwriter will assist in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients, preparing summaries, presenting facts, and offering opinions concerning credit worthiness. Minimizing BMO's risk exposure by adhering to internal credit policies and procedures with respect to lending decisions is critical. The underwriter will also provide input into the planning and implementation of operational programs and will 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. The underwriter will exercise judgment to identify, diagnose, and solve problems within given 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.