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BMO
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Associate, Automotive Finance

BMO
Reference ID: 1900005238

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Mandate



The Associate will be responsible for the monthly tabulation of Dealer Statements and accountable to perform all regular monitoring activities including: required monthly and quarterly monitoring (e.g. margin and covenant tests, current asset, margin & financial trending) to support and maintain compliance within the Commercial portfolio. The Associate will support the Relationship Management 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 Associate will assist with due diligence and credit analysis of current and prospective customers. The position will further support the Relationship Managers in a variety of other portfolio management needs for the business. The Associate will participate in customer calls and site visits.

Credit Risk and Financial Analysis


    Research and analyze financial and operating information related to companies and industries.
    Perform Financial Statement analysis including completion of financial statement spreading within Moody's Risk Analysis (MRA) software.
    Perform risk rating calculations.
    Work with Relationship Manager to develop 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.
    Work with Relationship Manager to perform due diligence and credit analysis on new business relationship
    Work with Relationship Manager 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.
    Through analysis, identify new sales opportunities for prospects and existing commercial customers
    Review credit documentation for conformity with approved Credit Terms and conditions
    Work with Relationship Manager in preparation of customer presentations.
    Spread financial statements and undertake trend analysis of margin and covenants. In the Automotive Finance Line of Business trend analysis will include trends within the Monthly Operating Statement.
    Provide analytical findings to Relationship Management Team including input on credit risks and related mitigants.
    Support Relationship Managers on portfolio management needs for the business, including some of BMO's largest commercial connections.
    Assist with aspects of analysis, structuring, monitoring, and maintenance of very large Bank syndicated deals both as a participant and as lead Bank where applicable.
    Adhere to Commercial lending processes, policies and procedures, legal and ethical requirements and regulations, audit requirements, and established risk guidelines.

existing business relationships.

customers.

Portfolio Management

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


Skills:

• 3-5 years commercial experience

• Highly developed written and oral communication skills.

• Expertise in financial computer applications and database management tools including MS Excel and other Microsoft Office Products

• Strong proficiency in Moody's Risk Analyst

• 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

Knowledge:
    • An undergraduate or graduate degree in Accounting or Finance with outstanding academic achievement; CPA,CFA, MBA • A strong working knowledge of finance and accounting • In-depth understanding of commercial products, commercial loan documentation, commercial lending and supporting processes.


We're here to help



At BMO we have a shared purpose; we put the customer at the centre of everything we do - helping people is in our DNA. For 200 years we have thought about the future-the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we're changing the way people think about a bank.

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 https://bmocareers.com .

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.

Posted: March 16, 2019
Closes: May 15, 2019