BMO Financial Group Associate (Credit Analyst), Diversified Industries in Alberta, Canada
The Credit Analyst will be a key member of a 3 person deal team in Corporate Finance – a team that includes a Senior Account Manager and Senior Relationship Manager. The Credit Analyst will be responsible for the quarterly assessment of complex Financial Statements and accountable to perform all regular monitoring activities including: required monthly and quarterly monitoring (primarily margin/borrowing base and covenant tests, current asset, margin & financial trending) to support and maintain compliance within the Corporate Finance portfolio. The Credit Analyst will support the team in making recommendations regarding risk, deal structure, client requirements; and, by analyzing financial and operating data for trends in financial performance of companies and industries. The Credit Analyst will perform due diligence and credit analysis of current and perspective clients. The Credit Analyst will further support the Senior Account Manager with ongoing portfolio management needs and will be directly involved in the credit underwriting process. The Credit Analyst will participate in client calls and site visits.
KEY AREAS OF ACCOUNTABILITY
Credit Risk and Financial Analysis
Research and analyze financial and operating information related to companies and industries to assess credit risk of present and potential client exposures.
Perform Financial Statement analysis including completion of financial statement spreading within Moody’s Risk Analysis (MRA) software to facilitate risk rating of the entity and test compliance with financial covenants.
Perform risk rating calculations to complete risk assessment.
Assist with set up of the borrower screens within New Risk Rating System (NRRS)/ Commercial Web Lending (CWL) to create master record of risk rating and loan exposure information which will transfer to Basel Data mart & reporting to regulators (OSFI).
Assist with the creation of cash flow models that are used to assess financial soundness including appropriate debt covenant levels, debt service and repayment capabilities, and to structure the appropriate financings.
Assist with due diligence and credit analysis on new and existing relationships to complete steps needed to proceed to funding new loans and to monitor existing exposures.
Assist in the preparation of the initial workup for assigned interim applications and memoranda, quarterly compliance, temporary credit applications including identification of issues and related recommendations and annual reviews to support completion of credit applications.
Through analysis, identify new sales opportunities for prospects and existing commercial clients.
Review credit documentation for conformity with approved Credit Terms and conditions
Spread financial statements and undertake trend analysis of receivables, inventories, payables, margin/borrowing base and covenants to monitor and control client credit facilities.
Provide analytical findings to Account Management Team including input on credit risks and related mitigants to client credit exposure and credit applications.
Support Senior Account Managers on portfolio management needs for the business.
Adhere to Commercial lending processes, policies and procedures, legal and ethical requirements and regulations, audit requirements, and established risk guidelines.
Maintain up-to-date knowledge of Commercial products, processes, and relevant legal, regulatory and technology requirements through audits and quality checks, to ensure decisions are adequately documented, and clearly communicated.
3-5 years commercial experience
Highly developed written and oral communication skills.
Expertise in financial computer applications and database management tools including MS Excel, other Microsoft Office Products and the Internet
Highly skilled in building financial models
Strong interpersonal skills used within a demanding team environment.
Ability to effectively manage competing priorities and timelines
Excellent capability to independently function as part of a team through self-motivation.
Ability to interact effectively with customers; internally and externally
An graduate degree/CA/CGA/CFA or comparable with outstanding academic achievement
A strong working knowledge of finance, accounting, economics
In-depth understanding of commercial products, commercial loan documentation, commercial lending and supporting processes.
At our company, we have been helping our customers and communities for over 195 years. Working with us means being part of a team of talented and passionate individuals with a shared focus on working together to deliver great customer experiences. We stand behind your success with the support you need to turn your potential into performance.
To find out more visit our website atwww.bmo.com/careers
BMO Financial Group is committed to an inclusive, equitable and accessible workplace. By embracing diversity, we gain strength through our people and our perspectives.