Associate, Private Credit Financing Asset Approval

Address:

320 S Canal Street

Job Family Group:

Capital Mrkts Sales & Service

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

The Associate supports the Private Credit Financing Asset Approval Team in reviewing proposed collateral assets, completing loan-level credit analysis, testing compliance with approved facility criteria, and maintaining accurate approval and monitoring records.

The role is designed to build foundational expertise in private credit underwriting, legal documentation, valuation, risk ratings, and portfolio monitoring. The Associate performs defined analytical work under the guidance of more senior team members and escalates exceptions, missing information, and material concerns for review.

The successful candidate will demonstrate strong analytical discipline, attention to detail, clear written communication, and the ability to execute multiple assignments accurately and on schedule.  Success in the Associate role is demonstrated through increasingly independent execution of loan-level reviews, consistent identification of material issues, reliable documentation quality, and readiness to assume defined ownership of underwriting and portfolio workstreams at the Associate level.

Key Accountabilities

Loan-Level Analysis and Eligibility Review

·    Collect and organize required underwriting materials, including investment memoranda, financial statements, projections, compliance certificates, valuation information, and credit documentation.

·    Analyze borrower performance, leverage, liquidity, cash flow, capital structure, valuation, sponsor support, and covenant compliance using established templates and methodologies.

·    Test proposed assets against facility-specific eligibility criteria, concentration limits, and documented approval requirements.

·    Identify information gaps, exceptions, and potential credit concerns and escalate them to the assigned senior reviewer.

·    Draft and present credit approval memoranda and respond to questions from senior management and risk stakeholders.

·    Evaluate how individual assets affect portfolio diversification, concentration risk, collateral quality, loss sensitivity, and compliance with the approved facility framework.

·    Lead loan-level reviews for more complex, higher-risk, exception, or watchlist assets.

·    Review and challenge Analyst work product, provide direction on additional diligence, and ensure conclusions are supported.

·    Recommend approval, rejection, valuation adjustment, structural protection, monitoring condition, or escalation based on the completed analysis.

·    Prepare clearly supported analytical outputs for inclusion in asset approval memoranda.

Credit Documentation Review

·    Review credit agreements, amendments, commitment materials, and related documents to extract key terms.

·    Summarize lien position, security, guarantees, maturity, amortization, pricing, covenants, baskets, and other relevant lender protections.

·    Compare transaction summaries and approval materials with governing documentation and flag discrepancies for senior review.

Valuation and Portfolio Monitoring Support

·    Update borrower and portfolio monitoring information using approved data sources and templates.

·    Support valuation assessments and identify facts that may indicate a potential valuation adjustment event or watchlist concern.

·    Conduct valuation analysis, including discounted cash flow (DCF) analysis, comparable company analysis, transaction multiple analysis, enterprise value assessment, debt capacity analysis, and downside scenario evaluation.

·    Track reporting compliance, covenant status, risk-rating changes, portfolio concentrations, and other defined monitoring indicators.

·    Prepare recurring portfolio reports and supporting materials for management and risk reviews.

Controls and Process Execution

·    Maintain complete, accurate, and audit-ready records of asset reviews, approvals, exceptions, and supporting documentation.

·    Follow established underwriting, approval, valuation, escalation, and recordkeeping procedures.

·    Complete assigned work within transaction timelines and communicate status or obstacles promptly.

·    Support enhancements to templates, databases, dashboards, and workflow tools.

Collaboration and Development

·    Work collaboratively with cross-functional teams including Origination, Risk, Legal, Clients, Operations, and other stakeholders.

·    Participate in deal and portfolio discussions and incorporate reviewer feedback into work product.

·    Develop technical knowledge of private credit structures, documentation, internal risk concepts, and portfolio financing.

Qualifications

Minimum Requirements

·    Undergraduate degree in Finance, Accounting, Economics, Business, Engineering, Mathematics, or a related discipline.

·    3-6 years of relevant experience in leveraged finance, sponsor finance, corporate banking, private credit, investment banking, structured credit, direct lending, restructuring, or a comparable underwriting role.

·    Demonstrated ability to independently assess credit risk, financial performance, capital structures, transaction documentation, and downside scenarios.

·    Experience drafting credit recommendations or approval materials and communicating conclusions to senior reviewers or risk stakeholders.

·    Ability to manage multiple workstreams and coordinate across business, risk, legal, and operational partners.

·    Advanced proficiency in Microsoft Excel and PowerPoint.

·    Strong written communication, organization, and attention to detail.

Preferred Qualifications

·    Experience underwriting sponsor-backed, unitranche, first-lien, second-lien, recurring-revenue, specialty-finance, or asset-based lending transactions.

·    Experience conducting valuation analysis, including assessing enterprise value, debt capacity, comparable companies, transaction multiples, and downside scenarios.

·    Knowledge of borrowing base facilities, portfolio construction, collateral eligibility frameworks, valuation, watchlist processes, structured finance, securitization, or fund finance.

·    Experience reviewing junior team work or coordinating transaction workstreams.

·    Experience with Power BI, SQL, database tools, or portfolio reporting platforms.

The salary range for this role is $135,000 up to $165,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements).

Salary:

Pay Type:

Salaried

The above represents BMO Financial Group’s 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 part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

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

About 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.  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 http://jobs.bmo.com/us/en

BMO 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 e-mail to BMOCareers.Support@bmo.com 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.