Commercial Banking Underwriter/Portfolio Manager: Financial Institutions

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

Job Description

Duties and Responsibilities

The Portfolio Manager will be responsible for but not limited to the following activities. Primary responsibility for this position will be that of the servicing of current bank relationships within our commercial financial institutions group, resulting in efficient delivery of credit and other bank services, introduction to cross sale partners and active portfolio management.

General

• Interact with other team members (Group Portfolio Manager, Market Lead and Credit) to achieve ultimate approval for new business and modifications to existing business, including active participation in and adherence to requirements of Deal Screen meetings.

• Complete portfolio responsibilities including portfolio reviews, renewals, reporting in a timely manner (quarterly and annually), Shared National Credit, High Risk Loan Review, etc for credits in their portfolio. Serve as resource for Group Portfolio Manager in preparation for portfolio review meetings and will actively communicate knowledge of the risk points within portfolio.

• Responsible and accountable for the risk rating accuracy and risk identification on assigned portfolio. Seek to actively keep informed of changes to policy and procedure that will impact portfolio (credit policy, risk rating framework, regulatory, compliance requirements).

• Ensure consistency in deal structuring to bridge client needs to appropriate risk mitigation through detailed analysis and underwriting of credit.

• Present deals at Loan Committee and any necessary pre-meetings.

• Maintain and develop client relationships, exploring opportunities to provide additional credit and non-credit services. Seek to become trusted advisor through regular client contact and relationship building.

• Complete necessary analysis and documentation to achieve credit actions related to Associate's existing portfolio (e.g., structure, waivers, and modifications).

• Quarterback to drive deals through the underwriting and closing process.

• Negotiate legal documentation related to transactions.

• Serve as Client's primary internal resource as it relates to relationship and credit needs.

• Identify product/service opportunities for other business units and participates in development of creative solutions to client needs, coordinates presentations, and brings in partners when appropriate.

• Coordinate all meetings with the client, including any collateral site visits.

• Collaborate with Market Leader as part of a team to ensure delivery of top-notch client service.

• Maintain active in industry events to maintain current market knowledge and client relationships.

• Focused on service of existing clients.

• Primarily responsible for the production of detailed underwriting and credit approval documents through quarterly/annual reviews and renewals.

• Collaboration with Client Banking Specialists to fulfill client requests and fulfill due diligence requirements.

Qualifications

General

• College Degree/Business, Finance, Accounting, Economics preferred

• Ability to foster and maintain commercial relationships with high level of competency

• Ability to identify risk within credit requests

• Proficient in Microsoft Office products with advanced knowledge financial analysis and modeling.

• Experience in underwriting, and portfolio management.

• Demonstrate ability to structure deal/term sheet

• Ability to produce LP with minimal oversight

• Completion of formal Credit Training

• College Degree/Business, Finance, Accounting, Real Estate, Economics preferred

• Ability to foster and maintain commercial relationships with high level of competency

• Ability to identify risk within credit requests

• Proficient in Microsoft Office products with advanced knowledge financial analysis and modeling.

Portfolio Management/Underwriting

• Min. 3 years in banking

• Completion of formal Credit Training

• Demonstrate ability to structure deal/term sheet

• Ability to produce Loan Presentation with minimal oversight

What CIBC offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a health benefits program, defined benefit pension plan, an employee share purchase plan and MomentMakers, our social, points-based recognition program

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

Job Location

IL-120 S LaSalle St

Employment Type

Regular

Weekly Hours

40

Skills

Accounting, Credit, Credit Approvals, Credit Policies, Credit Services, Credit Training, Lending, Portfolio Management, Underwriting