Credit Covenant & Portfolio Analyst

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

Benefits offered by this job

Health insurance

Tuition reimbursement

Life insurance

Accident insurance

Retirement plans

Job summary

BMO is seeking a Credit Administration professional to support commercial lending teams by monitoring financial covenants, collateral margining, and loan agreement compliance. You will analyze financial statements and tax returns to inform credit decisions and perform calculations with limited supervision.

The role emphasizes adherence to policy, regulatory standards, and proactive process improvements, with opportunities for growth within a dynamic banking environment.

Qualifications

• Preferred 2–3 years of relevant experience in credit, lending or financial operations in a corporate or banking environment.
• BMO Credit Qualification within one-year of assignment
• Bachelor’s degree required; Business Administration, Finance and Accounting preferred. Any other related discipline or commensurate work experience considered.
• Specialized knowledge from education and/or business experience.

Responsibilities

• Adhere to BMO credit policies, regulatory standards, and operational guidelines to effectively manage and mitigate risk exposure.
• Apply working knowledge of accounting principles and financial statements to support credit analysis and underwriting.
• Demonstrate understanding of commercial loan agreements, including repayment terms, financial covenants, collateral, and amendment processes.
• Analyze financial information, tax returns, credit bureau reports, and related documentation to support credit decisions.
• Independently perform financial covenant compliance and collateral margining calculations for an assigned portfolio to identify potential credit deterioration and ensure loan agreement compliance.
• Make sound, policy‑compliant credit decisions and recommendations using established credit‑granting principles.
• Perform financial calculations accurately while working with limited supervision.
• Identify opportunities for improvement and propose practical, creative solutions to enhance processes and effectiveness.
• Assume additional or broader responsibilities as required to support team and business objectives.

Skills

Problem Solving

Collaboration

Detail-Oriented

Customer Service

Data-driven decision making

Education

Bachelor’s degree in Business Administration or Finance

Accounting knowledge

Tools

Microsoft Office

Job description

BMO is seeking a Credit Administration professional to support commercial lending teams by monitoring financial covenants, collateral margining, and loan agreement compliance. You will analyze financial statements and tax returns to inform credit decisions and perform calculations with limited supervision.

The role emphasizes adherence to policy, regulatory standards, and proactive process improvements, with opportunities for growth within a dynamic banking environment.