Underwriter, Finance & Banking

VIRTUAL(S1)05 - Home Res - CA Customer Solutions
Analyzes new customer credit applications. Makes credit decisions / recommendations in accordance with credit-granting principles.

Provides advice and guidance to assigned business/group on implementation of solutions.
Helps determine business priorities and best sequence for execution of business/group strategy.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Monitors and tracks performance and addresses any issues.
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.
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.
Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.
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.Department of Veterans Affairs (VA) in the U.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.).
• ~ 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 returns.
• ~ Strong familiarity with credit financial analysis techniques.
• ~ Data driven decision making - In-depth.

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 bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. It calls on us to create lasting, positive…