Associate, Asset-Based Lending

Bank of Montreal; Toronto; On-site; CAD 56,000 - 104,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

Bank of Montreal seeks an Associate for its Asset Based Lending team in Canada. You will analyze financial data, assess risk, prepare credit packages, and support approval decisions for a growing client portfolio across public and private corporate clients.

You will collaborate with internal partners to manage relationships, monitor covenants, and contribute to growth in senior, subordinated, and mezzanine debt opportunities.

Qualifications

• Undergraduate degree in finance, accounting or business administration (BCom/BBA/HBA).
• Professional designations (CPA/CFA/MBA) are assets.
• Minimum 2 years of commercial or corporate credit experience; asset-based lending preferred.
• Strong analytical and quantitative skills; proficient with MS Office.

Responsibilities

• Prepare credit packages and provide risk/structure recommendations.
• Monitor financial performance, covenants, and collateral on assigned portfolio.
• Analyze credit information to support lending decisions for new, renewal, and extension of loans.
• Negotiate terms and contribute to risk mitigation and asset-based lending deals.
• Collaborate with internal partners to service relationships and grow the portfolio.

Skills

Analytical skills

Communication

Organizational skills

Microsoft Office proficiency

Education

Undergraduate degree in finance, accounting, or business administration

CPA, CFA, MBA considered asset

Tools

Excel

Word

PowerPoint

Job description

Application Deadline:09/07/2026Address:100 King Street WestJob Family Group:Commercial Sales & ServiceGlobal Team Overview:The Asset Based Lending (ABL) team within Canadian Commercial Banking is part of BMO Financial group and covers both public and private corporate clients operating in diversified and various other specialized industries. Financing solutions offered include, but are not limited to, senior, subordinated and mezzanine debt, in addition to equity. The ABL Team targets financing opportunities of $20 million or more, both on a syndicated and bilateral basis.The selected candidate will join the Asset Based Lending Group, which focuses on senior debt financing opportunities with borrowers involved in the various industries across Canada. The Asset Based Lending Group has offices located in Toronto, Montreal, and Vancouver.Job OverviewThe Associate will join the ABL team that is responsible for loan origination and account management of a growing portfolio of clients. The Associate will support account management in making approval recommendations as well as ongoing proactive independent monitoring of client portfolios and client financial performance. In addition, as part of an ongoing team approach, the Associate will work closely with various internal Partners to best serve and manage our existing client relationships as well as grow the portfolio. The Associate will prepare credit packages to make recommendations regarding risk, deal structure, and client requirements by analyzing financial and operational data of new and existing clients.Job DescriptionThe candidate will:Conduct financial analysis with the ability to identify key transactions risks and potential mitigation.Monitors financial reporting, covenants, and collateral of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement.Analyze credit information to support lending decisions for new, renewal and extension of loans, as well as to offer opinions regarding credit worthiness of existing or prospective clients.Assist in negotiations of terms and conditions of loan agreements.Help minimize BMO’s risk exposure by adhering to internal credit policies and procedures with respect to lending decisions.Build relationships with internal/external stakeholders.Execute broader work or accountabilities depending on business needs.Qualifications:Undergraduate degree in finance, accounting, or business administration (BCom/BBA/HBA)Other financial designations considered an asset (i.e., CPA, CFA, MBA, etc.).Minimum 2 years of commercial or corporate credit experience, preferably in a transaction execution role. Previous experience in an asset-based lending role would be a definite asset.Good understanding of the Asset-Based Lending product, marketplace, and loan structuring would be preferable.Well developed analytical and quantitative skills with a focus on financial and accounting analysis, as well as data and statistical analysis.Strong computer literacy and technical skills as it relates to basic Microsoft Office applications (Excel, Word, PowerPoint).Excellent verbal & written communication skills.Strong organizational and collaboration skills with the ability to prioritise work and manage multiple tasks while meeting time sensitive deadlines.Salary :$56,000.00 - $103,500.00Pay Type:SalariedThe 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. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-RewardsAbout UsAt BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.To find out more visit us at https://jobs.bmo.com/ca/en .BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.