Commercial Credit Analyst Development Program

BMO Harris Bank; Chicago (IL); On-site; USD 55,000 - 110,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plan

Job summary

BMO Harris Bank in Chicago is seeking a Commercial Credit Analyst to analyze credit information and support lending decisions for a portfolio of clients. You will perform financial analyses, assess creditworthiness, and prepare detailed summaries while ensuring compliance with bank policies.

The role involves negotiating loan terms, monitoring portfolio performance, and identifying cross-selling opportunities to enhance growth.

Qualifications

• Bachelor's degree required; Business Administration, Finance and Accounting preferred.
• Specialized knowledge from education and/or business experience.

Responsibilities

• Performs financial analysis and calculations, assesses client creditworthiness, prepares detailed credit summaries, analyses financial performance and risk profiles of clients within the portfolio.
• Supports credit-granting decisions by making recommendations to manager.
• Supports the negotiation of loan terms and conditions and the structuring of loans that align with client requirements and ensure compliance with the banks risk appetite and policies.
• Supports portfolio monitoring and compliance, analyses metrics, and assesses industry trends to spot risks and opportunities.
• Develops proposals to capture new business and expand client relationships.
• Monitors loan performance, accuracy and integrity of loan documentation and addresses credit-related issues while ensuring the accuracy and integrity of loan documentation.
• Builds and maintains client relationships to ensure long-term financial performance in collaboration with Relationship Manager and business partners.
• Structures and supports new, renewal and extension loans aligned with client needs and bank & risk policies
• Conducts financial analysis and risk assessments of clients' credit information, for an assigned portfolio, to provide insights and make informed decisions
• Monitors the portfolio performance for assigned portfolio of Commercial Banking clients on an ongoing basis, taking corrective action when required.
• Minimizes BMO's risk exposure by adhering to credit policies, regulatory standards, and operational guidelines.
• Serves as a point of contact for service requests, ensuring expectations are consistently met or exceeded. Escalates issues when needed.
• Supports and implements initiatives to enhance service quality, acquire new business and expand client relationships.
• Identifies revenue and cross-selling opportunities to enhance portfolio growth.
• Identifies share of wallet opportunities.
• Leverages analysis tools to nurture and grow a portfolio that exceeds ROE thresholds and evaluates client returns on a proactive basis.
• Manages timely and accurate data entry into BMO's systems and leverages the data to support decision-making.

Skills

Financial analysis

Credit analysis

Risk assessment

Data analysis tools

Portfolio management

Regulatory compliance

Microsoft Office

Problem solving

Collaboration

Detail-oriented

Customer service

Analytical thinking

Education

Bachelor's degree

Tools

Microsoft Excel

Job description

BMO Harris Bank in Chicago is seeking a Commercial Credit Analyst to analyze credit information and support lending decisions for a portfolio of clients. You will perform financial analyses, assess creditworthiness, and prepare detailed summaries while ensuring compliance with bank policies.

The role involves negotiating loan terms, monitoring portfolio performance, and identifying cross-selling opportunities to enhance growth.