BMO - Fargo, ND
posted 4 months ago
The Underwriter for the Emerging Middle Market (Streamline Team) 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 Underwriter will be responsible for making credit decisions and recommendations that align with sound credit-granting principles and comply 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 exercise their discretion in granting credit according to established principles, while also supporting the execution of strategic initiatives in collaboration with both internal and external stakeholders. Evaluating clients' ability to repay loans and consulting on loan structure and collateral are key responsibilities, as is identifying trends in client activities that may indicate deteriorating credit quality. The Underwriter will perform periodic reviews of credit, particularly where more frequent monitoring is warranted. A strong understanding of borrower types typical in the high net worth market, along with their relation to collateral ownership, loan repayment, and loan structure, is essential. 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 ensuring compliance with loan agreements is also a critical aspect of the job. Additionally, the Underwriter will provide accurate financial analysis and risk assessment for new and existing customers, partnering with internal stakeholders to ensure detailed client information is available. They will develop credit information necessary for making lending decisions on new, renewal, and extension loans, and assist in negotiating terms and conditions through phone and email interactions with clients. The Underwriter will prepare summaries, present facts, and offer opinions regarding creditworthiness, all while minimizing BMO's risk exposure by adhering to internal credit policies and procedures. Building effective relationships with internal and external stakeholders is vital, as is exercising judgment to identify, diagnose, and solve problems within established rules. The Underwriter will work independently on a range of complex tasks, which may include unique situations, and may have broader work or accountabilities assigned as needed.