Credit Underwriting Specialist

🔥 5 minutes ago

🇨🇦 Canada – Remote

💵 $45k - $100k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

📋 Underwriter

👻 Ghost score 0%

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BMO U.S.

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🛡️ Insurance

💼 Consulting

📦 Logistics

Insurance • Consulting • Logistics

BMO U. S. is a diversified financial services company operating in the United States. It offers a broad range of financial products and services including personal and business banking, mortgage services, investments, financial planning, insurance, and wealth management. Additionally, it provides commercial loans, commercial mortgages, and other financial solutions tailored for small businesses and large enterprises. The company places a strong emphasis on customer service and offers digital and cross-border banking solutions to meet the needs of diverse clients. BMO U. S. is also involved in asset management and capital markets operations, making it a full-service financial institution.

📋 Description

• Analyze new customer credit applications • Make credit decisions and recommendations in accordance with credit-granting principles • Develop solutions and recommendations based on business strategy and stakeholder needs • Advise assigned business/group on solution implementation • Support strategic initiatives with internal and external stakeholders • Determine business priorities and execution sequencing • Conduct independent analysis and assessment to resolve strategic issues • Collaborate with stakeholders to deliver business objectives • Build effective internal and external stakeholder relationships • Analyze data and information to provide insights and recommendations • Design and produce regular and ad-hoc reports and dashboards • Support change management execution and sustainment activities • Develop tailored messaging, including writing, editing, and distributing communications • Execute timely, accurate, and efficient service • Adjudicate credit applications within defined limits or recommend credit products • Complete credit analyses to adjudicate applications • Respond to inquiries and escalate issues as needed • Assist customers and conduct credit and related transactions • Maintain current knowledge of processes, policies, regulations, products, credit policies, services, and legal, regulatory, and technology requirements • Contact customers to obtain, clarify, or confirm information • Apply and document sound credit-granting applications and lending decisions • Follow security and safeguarding procedures to reduce credit/lending risks • Think creatively and propose new solutions • Identify, diagnose, and solve problems within given rules • Work mostly independently • Apply BMO’s Risk Management Framework, Risk Culture, and approved Risk Appetite to make sound, risk-informed decisions and protect assets

🎯 Requirements

• Typically 5–7 years of relevant experience and a post-secondary degree in Business or a related field, or an equivalent combination of education and experience • 5–7 years of experience with first mortgage underwriting and related transactions — required • In-depth pipeline management experience — required • Experience with web based approval systems (DU/LP) — required • Knowledge of affordable lending programs — preferred • Expert knowledge of real estate lending products, regulatory compliance and secondary market guidelines • Working knowledge of competitive marketplace and product offering trends • Strong comprehension of HUD Handbook 4155.1 and 4155.2 • Working knowledge of credit policies and procedures • Working knowledge of credit scoring, portfolio management, and risk management concepts • Working knowledge of cash flow, credit, and evaluating collateral • Strong experience in credit financial analysis • Working knowledge of financial statements analysis and review of tax returns • Working knowledge of lending products and processes • In-depth knowledge of operational processes and supporting applications and policies • Specialized knowledge from education and/or business experience • In-depth verbal and written communication skills • In-depth collaboration and team skills • In-depth analytical and problem solving skills • In-depth influence skills • Fluent in French and English to support business operations outside the province of Quebec

🏖️ Benefits

• Health insurance • Tuition reimbursement • Accident and life insurance • Retirement savings plans • Performance-based incentives • Discretionary bonuses • Other perks and rewards • In-depth training and coaching • Manager support • Network-building opportunities • Tools and resources to reach new milestones • Accommodations available on request for candidates taking part in all aspects of the selection process