Commercial Portfolio Manager- Emerging Middle Market

Application Deadline:

06/29/2024

Address:

142 E. 200 South

Job Family Group:

Commercial Sales & Service

Come and be a part of our amazing Commercial - Emerging Middle Market Team! 

We are currently looking for a Commercial Portfolio Manager who will be in charge of making informed decisions on complex commercial transactions to assess the level of risk, following our company's guidelines and standards. This role requires advanced knowledge in commercial loans and will involve managing a portfolio. This is a hybrid position. 
 

• Evaluates all financial statements (business and personal tax returns, fiscal year-end and interim statements and personal financial statements) for credit worthiness. Identifies recurring and non-recurring income/expenses. Comprehend all schedules, notes, and K-1's. Differentiates between cash and accrual method as well as comprehend UCA cash flow analysis. Consolidates related entities and summarizes results.

• Identifies credit strengths, weaknesses, industry risks, and anomalies that lead to further investigation. Determines or amends applicable loan agreement covenant and monitoring requirements.

• Collaborates with Relationship Managers on reasoning for a particular decision, answering potential loan request questions, identifying/resolving potential problem loans.

• Prepares a comprehensive credit summary in conjunction with the Relationship Managers and Credit Manager to address all material aspect of the request.

• Supports management of the Relationship Manager portfolio by addressing covenant violations, completing annual review/renewals, and identifying opportunities.

Additional Responsibilities:

• Identifies new sales opportunities for prospects and existing commercial clients through analysis.

• May participate in on-site client visits with other internal stakeholders.

• Maintains and promotes a customer service environment which meets and exceeds customer needs and expectations.

• Recommends credit according to sound credit-granting principles.

• Exercises individually held Commercial unilateral discretionary limits and any held prescribed approval discretionary limits.

• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.

• Evaluates clients’ ability to repay loans and consults on loan structure and collateral.

• Identifies trends in client activities which may be predictive of deteriorating credit quality.

• Performs periodic reviews of credit where more frequent monitoring may be appropriate.

• Understands borrower types typical in the high net worth market and their relation to collateral ownership, loan repayment, loan structure, etc.

• Grants loan requests within specified limits, using understanding of credit scoring and risk management concepts.

• Monitors covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.

• 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.

• Assists in negotiations of terms and conditions of all decisions made via phone and e-mail interaction with clients.

• Prepares 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.

• Provides input into the planning and implementation of operational programs.

• Builds effective relationships with internal/external stakeholders.

• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.

• Exercises judgment to identify, diagnose, and solve problems within given rules.

• Works independently on a range of complex tasks, which may include unique situations.

• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 4 - 6 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.

• Technical proficiency gained through education and/or business experience.

• Verbal & written communication skills - In-depth.

• Collaboration & team skills - In-depth.

• Analytical and problem solving skills - In-depth.