Commercial Underwriter

Come join a culture that is about so much more than the bottom line. Be a part of a team that celebrates big ideas, supports your personal and professional growth, and makes a real impact in local communities. At BMO, you will enjoy work that makes a difference; help us live our

Purpose:

To Boldly Grow the Good in Business and Life.

• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Collaborates with internal and external stakeholders to deliver on business objectives.
• Ensures alignment between stakeholders.
• Breaks down strategic problems, and analyzes data and information to provide insights and recommendations.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Monitors and tracks performance and addresses any issues.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Supports the development of tailored messaging, which may include writing, editing, and distributing communications.
• Executes routine tasks (e.g. service requests, transactions, queries etc.) within relevant service level agreements.
• Provides input into the planning and implementation of operational programs.
• Adjudicates new credit applications within defined limits or recommends credit products based on sound credit granting principles.
• Completes credit analyses to adjudicate credit applications.
• Responds to incoming inquiries in a prompt and professional manner and escalates issues to superiors or other departments.
• Assists customers and conducts all credit and related transactions.
• Keeps current with established processes, policies, and regulations, and knowledge of products, credit policies, services, and relevant legal, regulatory, and technology requirements.
• May contact customers to obtain, clarify, or confirm information.
• Applies and documents sound credit granting applications and lending decisions.
• Follows security and safeguarding procedures to reduce credit/lending risks.
• 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.

• Typically between 8+ years of relevant experience and post‑secondary degree in Business or a related field of study or an equivalent combination of education and experience.
• 8+ years of mortgage underwriting experience - required.
• Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) in the U.S.
  
  - required.
• Strong comprehension of HUD Handbook 4155.1 and 4155.2 in the U.S.
  
  - required.
• Prior relationship management experience - preferred.
• Expertise in credit and lending products, related regulatory requirements, and secondary market guidelines.
• Experience with web‑based approval systems (DU/LP) - required.
• In‑depth pipeline management - required.
• Strong comprehension of complicated income structures, including income from multiple sources (e.g. self‑employment, rental or trust income, etc.).
• In‑depth knowledge of competitive marketplace and trends in product offerings.
• Ability to identify/manage potential risk.
• In‑depth knowledge of cash flow, credit, and evaluating collateral.
• In‑depth knowledge of complex credit request structures that minimize risk while providing business value to the customer.
• Working knowledge of credit policies, procedures, principles, and philosophy.
• Thorough knowledge of software used to capture credit applications.
• Strong ability to analyze complex financials and tax…