Loan Administrator Business Loan Processor

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This role will be responsible for ordering reviewing and approving preclosing due diligence requirements preparing business purpose loan documents perfection of collateral based on loan/credit approval terms conditions & requirements. Provide services and/or support in one or more product/process/control areas within a specific product group and ensure adherence to related regulatory and Bank policies guidelines and procedures (PGPs). Act as a subject matter expert (SME) for areas of expertise for business purpose due diligence and loan documentation.

• Analyzes loan/credit approval terms conditions & requirements to determine Due Diligence and Loan Documentation requirements.
• Completes Due Diligence and Loan Documentation processes in accordance with established priorities and deadlines on a timely accurate and efficient basis.
• Reviews and verifies required Due Diligence items and loan documentation to provide excellent quality/errorfree works.
• Resolves discrepancies/exceptions that frequently deal with routine situations some may require further analysis.
• Ensures all appropriate authorizations/approvals are obtained accordance with policies and controls.
• Collaborates with customer banker and vendor to obtain missing documentation to complete Due Diligence process.
• Assists banker with customer communication to provide update on loan request status.
• Manages and monitors complex portfolio of work.
• Adheres all regulatory Bank policies guidelines and procedures.
• Attends mandatory BMO meetings as well as other meeting set by Manager.
• Escalates issues that require resolution by the manager as per guidelines.
• Identifies potential risk situations/impacts and make recommendations or escalate to the manager.
• Reviews transaction/request for compliance with regulatory and Bank requirements as required.
• Provides information for regulatory reporting and audit queries.
• Ensures adherence to all aspects of First Principles Our Code of Business Conduct and Ethics Corporate Policy as well as all applicable legislation regulatory rules and requirements and Bank standards policies guidelines and procedures (PGPs) for such things as potential conflicts of interest safeguarding of customer information trading in securities antimoney laundering privacy and disclosure of outside business activities.
• Ensures strict confidentiality is maintained for both customer and Bank information to protect the customer and the Bank and to ensure compliance with Bank PGPs.
• Follows security and safeguarding procedures and apply appropriate due diligence in accordance with Bank policy for the prevention of loss due to such things as fraud or defalcation.

• Assists in providing training to team members in area(s) of expertise and provide feedback to the manager on gaps and opportunities.
• Delivers exceptional customer service that builds trust through responsive accurate consistent knowledgeable and available services and support.
• Aligns individual performance goals to team and organizational goals.

KEY AREAS OF ACCOUNTABILITY

A. Product & Process

B. Risk & Control

C. Business Performance Management

ACCOUNTABILITIES

A. Product & Process

• Processes and/or fulfills transactions performs audit/reconciliation activities and/or other activities in accordance with established priorities and deadlines on a timely accurate and efficient basis.
• Manages and monitors a complex portfolio of work.
• Resolves discrepancies/exceptions that frequently deal with routine situations some may require further analysis.
• Participates in projects related to area(s) of expertise.
• Consults with experts inside and/or outside the business unit regarding unusual transactions.
• Identifies business processes efficiency and control issues in timely fashion and escalate unusual issues to management. Resolves more exceptions as appropriate.
• Assists in building relationships with internal business partners as appropriate through daily interaction.
• Partners with other operational areas to ensure delivery of timely quality and efficient processing activities.
• Provides information/communication/solutions (both written and verbal) to senior team members and/or management.
• Provides advice to internal business partners and peers to support the completion of a process or activity within established procedures.
• Provides input and analysis into the continuous improvement of business processes and procedures within the scope of the work team and participates in the planning testing and implementation of projects and new/revised products/services or processes.

B. Risk & Control

• Escalates issues that require resolution by the manager as per guidelines.
• Identifies potential risk situations/impacts and make recommendations or escalate to the manager.
• Analyzes transactions and requests for compliance with regulatory and Bank requirements as required.
• Provides information for regulatory reporting and audit queries.
• Ensures all appropriate authorizations/approvals are obtained accordance with policies and controls.
• Ensures adherence to all aspects of First Principles Our Code of Business Conduct and Ethics Corporate Policy as well as all applicable legislation regulatory rules and requirements and Bank standards policies guidelines and procedures (PGPs) for such things as potential conflicts of interest safeguarding of customer information trading in securities antimoney laundering privacy and disclosure of outside business activities.
• Ensures strict confidentiality is maintained for both customer and Bank information to protect the customer and the Bank and to ensure compliance with Bank PGPs.
• Follows security and safeguarding procedures and apply appropriate due diligence in accordance with Bank policy for the prevention of loss due to such things as fraud or defalcation.

C. Business Performance Management

• Assists in providing coaching and training sessions to team members in area(s) of expertise and provide feedback to the manager on gaps and opportunities.
• Delivers exceptional customer service that builds trust through responsive accurate consistent knowledgeable and available services and support.
• Aligns individual performance goals to team and organizational goals.
• Demonstrates behaviors that are consistent with Our Way model and aligned with BMO values.

AUTHORITIES

This role has the authority to:

• Manages and monitors portfolio of work representing a significant amount of risk.
• Acts as SME and recommend business performance improvements.
• Ensures authorizations and approvals are obtained in accordance with policies and controls.
• Escalates all unresolved processing issues to the appropriate level as per guidelines.

CROSSFUNCTIONAL RELATIONSHIPS

Internal:

• Team members.
• PO managers and other PO business units to partner in the delivery of key accountabilities.
• Internal business partners to consult/ advise/ service in the delivery of key accountabilities.
• Corporate Services Areas.

External:

• ThirdParty Vendors/Suppliers.
• Outside Legal Counsel.
• Other Creditors/Financial Institutions.
• Customers.

SCOPE AND IMPACT

This job has direct or indirect impact on the following:

• Customer confidence and satisfaction by ensuring complex transactions are processed and more complex nonroutine business issues are resolved accurately and on a timely basis.
• Customer retention by ensuring service quality in processing transactions and resolving escalated issues.
• Bank financial performance by responding on a timely basis to changing operating conditions to mitigate financial penalties and costs; also ensures an appropriate balance between customer service and costs to minimize loss of revenue or customer dissatisfaction.
• Mitigation of reputational risk and financial loss against such things as fraud defalcation and/or financial penalties by ensuring compliance with Bank P&Ps and regulatory requirements.
• Mitigation of costs/ impacts associated with human errors by supporting the proper coaching and training of others.
• High volume/high risk environment with strict timeframes that are time sensitive.

QUALIFICATIONS

• 3 5 years of experience handling due diligence/loan processing and loan document preparation for business purpose/commercial loan and postsecondary degree in related field of study or an equivalent combination of education and experience.
• In depth knowledge and experience using relevant systems and technology
• Indepth knowledge and understanding of business units key products and services processes and controls.
• Indepth understanding of business units risk and regulatory requirements.
• Good understanding of internal business partners business services and organization.
• Accurate data entry skills.
• Strong analytical and problemsolving skills.
• Strong prioritization and organization skills.
• Good customer service and relationship management skills.
• Strong written and oral communication skills.
• Indepth PC skills (Outlook Word Excel PowerPoint).
• Ability to multitask in a fastpaced environment.
• Indepth pipeline management skills.
• Prior systems and applications (LiveLink APMS Alltel/Host/XAM LoanIQ etc. experience preferred.
• Prior LaserPro or other loan documentation system experience preferred.
• Strong collaboration & team skills.
• Indepth data driven good decisionmaking skills.
• Indepth influence skills.

Salary:

Pay Type:

The above represents BMO Financial Groups 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 parttime roles will be prorated based on number of hours regularly worked. For commission roles the salary listed above represents BMO Financial Groups expected target for the first year in this position.

BMO Financial Groups total compensation package will vary based on the pay type of the position and may include performancebased 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: 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. Well support you with the tools and resources you need to reach new milestones as you help our customers reach theirs. From indepth training and coaching to manager support and networkbuilding opportunities well help you gain valuable experience and broaden your skillset.

To find out more visit us at 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 email to and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO directly or indirectly will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid written and fully executed agency agreement contract for service to submit resumes.