Community Capital Solutions - Commercial Portfolio Manager

Application Deadline:

05/11/2024

Address:

320 S Canal Street

Job Family Group:

Commercial Sales & Service

We are a strong revenue generating and growing business, looking for someone with experience in affordable housing, that can underwrite investment opportunities in low income housing tax credit funds.

As a portfolio manager in BMO’s Community Capital Solutions group, you will be joining a diverse and experienced team to underwrite and manage investments in private equity funds, affordable housing funds and non-profit organizations in support of BMO Harris Bank’s Community Reinvestment Act (CRA) objectives.  We are an active investor in Small Business Investment Company (SBIC) funds, Low Income Housing Tax Credit (LIHTC) funds, and Community Development Financial Institutions (CDFIs). These social impact investments support BMO’s Purpose: Boldly Grow the Good in Business and Life.

This role requires a strong credit/investment and accounting background with experience in affordable housing and low income housing tax credit (LIHTC) investing preferred. 

The portfolio manager (PM) will regularly interact with external third-party investment fund managers, syndicators and non-profit organizations.   The PM will also work with internal BMO groups including Sponsor Finance, Commercial Real Estate, Sponsor Fund Lending, CRA Governance, Tax, Accounting and Risk Management. 

•    Analyze and review financial and operating information relating to third party private equity fund investments, low income housing tax credit investments, and Community Development Financial Institution (CDFI) investments. 
•    Complete due diligence on new investment opportunities.
•    Conducting risk analysis of proposed investments.
•    Summarize the investment thesis utilizing a prescribed memorandum format for presentation to an internal Investment Committee.
•    Complete Subscription Agreements and coordinate closings.
•    Prepare performance reports for internal presentations to members of the internal Investment Committee, Risk and Executive Management.
•    Verify portfolio data and ensuring accuracy.
•    Review and analyze reporting for existing portfolio investments.
•    Monitor the cash flows including capital calls and distributions.
•    Monitor compliance with regulatory restrictions.
•    Minimize BMO’s risk exposure by adhering to internal policies and procedures.
•    Builds effective relationships with internal/external stakeholders.
•    Works independently and regularly handles non-routine situations.

QUALIFICATIONS

KNOWLEDGE:
•    Typically between 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
•    Deep knowledge and technical proficiency gained through extensive education and business experience.
•    Alternative assets/LIHTC investment experience.
•    Familiarity with BMO’s software systems and Investran.

SKILLS:
•    Strong credit/investment and accounting background with experience in affordable housing and low income housing tax credit (LIHTC) preferred.
•    Strong analytical skills to include business, financial, and investment analysis areas.
•    Excellent written and verbal communication skills.
•    Expertise in financial computer applications and database management tools including MS Excel.  Strong proficiency in other Microsoft Office products and the Internet.
•    Ability to be creative, insightful and resourceful in performance of duties.
•    Strong interpersonal skills used within a collaborative and demanding team environment.
•    Strong ability to attentively review, assess, and provide detailed information daily on multiple projects in an organized manner.
•    Excellent capability to independently function as part of a team through self-motivation.
•    Flexibility and adaptability to handle changing priorities pertaining to workflow.
•    The ability to recognize the requirements of confidentiality.
 

Compensation and Benefits:

$87,000.00 - $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.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary