Commercial Financial Analyst

BMO; 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 plans

Job summary

BMO is seeking a Commercial Financial Analyst to manage a 10–15 client portfolio in the Dealership Finance – Auto Industry segment, with total exposure over $500 million. You will analyze financials, support lending decisions, and maintain strong client service while adhering to risk policies.

The role covers underwriting support, portfolio management, and ongoing covenant testing, with salary guidance and a comprehensive benefits package. This position is salaried and located in Chicago, IL.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or Business Administration.
• Completion of a Commercial Credit Underwriting Program.
• Minimum 2 to 3 years of relevant Commercial Credit Underwriting experience within a commercial banking environment.

Responsibilities

• Perform financial analysis of income statements, balance sheets, and cash flows.
• Assess borrower risk using the bank’s models for default and return on allocated capital.
• Monitor portfolio performance with monthly statements and covenant tests; conduct annual reviews.
• Collaborate with the deal team to underwrite new opportunities and support renewals and amendments.
• Adhere to credit policies and regulatory standards to minimize risk exposure.

Skills

Underwriting experience

Financial analysis

Risk assessment

Education

Bachelor’s degree in Accounting, Finance, Economics, or Business Administration

MBA in Accounting, Finance, Economics, Business Administration, Financial Analysis, or Commercial Banking

Tools

Microsoft Excel

Job description

Application Deadline:

10/29/2026

Address:

320 S Canal Street

Job Family Group:

Commercial Sales & Service

The Commercial Financial Analyst will manage a commercial client portfolio within the Dealership Finance – Auto Industry segment. The portfolio will consist of 10–15 clients with total commercial credit exposure exceeding $500 million.

In this role, the Commercial Financial Analyst analyzes financial and credit information to support lending decisions for new and existing commercial banking relationships. The analyst provides credit recommendations in alignment with bank policies and risk management standards while maintaining a strong client service environment.

Key Responsibilities

• Financial Analysis
  • Perform Income Statement, Balance Sheet, and Cash Flow analysis, including cash flow/debt service coverage and operating leverage analysis.
  • Spread financials and support underwriting processes with detailed financial insights.
• Risk & Return Modeling
  • Utilize the bank’s proprietary risk model to assess borrower default and repayment risk.
  • Apply the bank’s proprietary return model to evaluate client return on allocated capital.
• Ongoing Portfolio Management
  • Track monthly financial statements, covenant compliance certificates, and borrowing base reports.
  • Perform periodic covenant compliance testing.
  • Complete annual reviews to assess financial performance and covenant adherence.
• Underwriting & Deal Support
  • Collaborate with the deal team to prepare underwriting for new business opportunities.
  • Structure and support renewals, amendments, and loan requests aligned with client needs and bank/risk policies.
• Credit Policy & Risk Management
  • Minimize risk exposure by adhering to credit policies, regulatory standards, and operational guidelines.

Minimum Qualifications

• Education – Bachelor’s degree in Accounting, Finance, Economics, or Business Administration.
• Training – Completion of a Commercial Credit Underwriting Program.
• Underwriting Experience – Minimum 2 to 3 years of relevant Commercial Credit Underwriting experience within a commercial banking environment.

Preferred Qualifications

• Education – MBA in Accounting, Finance, Economics, Business Administration, Financial Analysis, or Commercial Banking.
• Underwriting Experience – Experience within Dealer Finance commercial lending.

Technical & Skill Requirements

• High proficiency in Microsoft Excel.

Salary

$55,000.00 - $110,000.00

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. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

Pay Type

Salaried

About Us

At 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 http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [e-mail] and let us know the nature of your request and your contact information.