Private Equity/Sponsor Finance - Portfolio Manager & Underwriter

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

As a Portfolio Manager in Middle Market Commercial Banking you will manage and own a portfolio of Commercial Banking clients both privately held middle market companies and strategic private equity owned companies, by ensuring clients' day-to-day banking needs are being met at the highest level as well as ongoing portfolio management. You will work closely with the Market Lead on these clients and together deliver flexible business solutions, dedicated business expertise and timely business advice to help client realize their goals. The Portfolio Manager is a client facing role and will report through the line of business. As a strategic partner to some of US's leading companies you'll be delivering flexible business solutions, dedicated business expertise and timely business advice to help clients realize their goals.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you'll succeed

Primary responsibilities for this position will be that of Underwriting and Portfolio Management and execution of 1A risk management activities in a manner consistent with CIBC's risk culture.

Client Sales

Serve as the client's primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit. Work closely with the Market Lead to deliver exceptional customer service.

Renewal activities with existing clients

• PM leading associated activities with RM input

Remain active and engaged in periodic client calls and visits for assigned portfolio

Maintain Salesforce pipeline on existing clients (draws, increases, paydowns, payoffs)

Client Onboarding/Closing.

Loan closing process - responsible for driving the closing process with internal closing team and Portfolio Coordinator.

Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client. Regular engagement with RM/Market Lead on all activities.

Underwriting/Credit Approval

Drives new transactions by leading activities related to New Deals Committee, Prescreen and initial term sheet negotiation. Responsible for the LP prior to submission for credit approval while providing direction to the relationship team.

Non-credit approval authority up to approved limits.

Client Portfolio Maintenance

Work with CIS Relationship Support to update / correct identified data issues

Address upcoming maturities and annual reviews on time; help remediate payment past dues

Ensure all customer financial reporting / covenants are collected on time

Support closing team to ensure collection of outstanding loan document exceptions

Follow up on past due real estate taxes / insurance certificates to clear exceptions

Prepare CAMP reports and quarterly trend cards / reviews

Prepare FAS 114 memo / analysis

Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio.

Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.

Review borrowing base availability and approve loan advances

Perform loan structuring in support of underwriting and credit approval

Assist in the review and negotiation of loan documentation

Coordinate onboarding, deposit account opening and TM setup activities

Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly

Remain active and engaged in periodic client calls and visits for assigned portfolio

Renewal activities with existing clients

• PM leading associated activities with RM input

Has direct client contact in performing responsibilities as needed in coordination with the Relationship Manager

Client Penetration/Cross Sell

Consults with the RM on cross-sell opportunities

Conducts pre-call planning and post-call follow-up

Management Responsibilities and Team Training- opportunity to work closely with junior team members on underwriting and credit write-ups

Mentor and provide situational training support to Associates and Sr. Associates

Risk Management:

Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits).

Who you are:

You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.

You demonstrate experience in Commercial or Business Banking, demonstrated a strong understanding of financial statements and account principles including valuation techniques and cash flow analysis. You have experience managing the credit quality of a portfolio of commercial banking clients that have credit needs, generally in the $510MM-$350MM range, and/or complex cash management requirements.

You have experience working with Private Equity Sponsor transactions and the underwriting of leverage buyouts, mergers and acquisitions and have strong competency with cash flow structures and modeling.

You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.

You have a degree/diploma in Business, Finance, Accounting, or a related field.

Values matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.

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

California residents - your privacy rights regarding your actual or prospective employment

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 benefits program*, a vacation offering, wellbeing support, 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.

• Subject to plan and program terms and conditions

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, 2nd Fl

Employment Type

Regular

Weekly Hours

40

Skills

Credit, Credit Underwriting, Portfolio Management