Specialist II-IC Credit Underwriting IV

Specialist II-IC Credit Underwriting IV

Apply locations: MONTREAL, QC, CAN

Posted on: 10 Days Ago

Job Requisition ID: R250000813

Application Deadline: 04/29/2025

Address: 105-119-129 rue St-Jacques O

Job Family Group: Customer Solutions

Analyzes new customer credit applications. Makes credit decisions/recommendations in accordance with credit-granting principles.

• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Provides advice and guidance to assigned business/group on implementation of solutions.
• Supports the execution of strategic initiatives in collaboration with internal and external stakeholders.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Collaborates with internal and external stakeholders to deliver on business objectives.
• Ensures alignment between stakeholders.
• Breaks down strategic problems and analyses data and information to provide insights and recommendations.
• Designs and produces regular and ad-hoc reports and dashboards.
• Monitors and tracks performance and addresses any issues.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation, and sustainment of initiatives.
• Supports the development of tailored messaging, which may include writing, editing, and distributing communications.
• Executes routine tasks (e.g. service requests, transactions, queries, etc.) within relevant service level agreements.
• Provides input into the planning and implementation of operational programs.
• Adjudicates new credit applications within defined limits or recommends credit products based on sound credit granting principles.
• Completes credit analyses to adjudicate credit applications.
• Responds to incoming inquiries in a prompt and professional manner and escalates issues to superiors or other departments.
• Assists customers and conducts all credit and related transactions.
• Keeps current with established processes, policies, and regulations, and knowledge of products, credit policies, services, and relevant legal, regulatory, and technology requirements.
• May contact customers to obtain, clarify, or confirm information.
• Applies and documents sound credit granting applications and lending decisions.
• Follows security and safeguarding procedures to reduce credit/lending risks.
• Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
• Exercises judgment to identify, diagnose, and solve problems within given rules.
• Works independently on a range of complex tasks, which may include unique situations.
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• Typically between 8+ years of relevant experience and post-secondary degree in Business or a related field of study or an equivalent combination of education and experience.
• 8+ years of mortgage underwriting experience - required.
• Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) in the U.S. - required.
• Strong comprehension of HUD Handbook 4155.1 and 4155.2 in the U.S. - required.
• Prior relationship management experience - preferred.
• Expertise in credit and lending products, related regulatory requirements, and secondary market guidelines.
• Experience with web-based approval systems (DU/LP) - required.
• In-depth pipeline management - required.
• Strong comprehension of complicated income structures, including income from multiple sources (e.g. self-employment, rental or trust income, etc.).
• In-depth knowledge of competitive marketplace and trends in product offerings.
• Ability to identify/manage potential risk.
• In-depth knowledge of cash flow, credit, and evaluating collateral.
• In-depth knowledge of complex credit request structures that minimize risk while providing business value to the customer.
• Working knowledge of credit policies, procedures, principles, and philosophy.
• Thorough knowledge of software used to capture credit applications.
• Strong ability to analyze complex financials and tax returns.
• Strong familiarity with credit financial analysis techniques.
• Technical proficiency gained through education and/or business experience.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem-solving skills - In-depth.
• Influence skills - In-depth.
• Data-driven decision making - In-depth.

Salary: $60,000.00 - $111,700.00

Pay Type: Salaried

The above represents BMO Financial Group’s pay range and type.

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

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.