CIBC US
Commercial Middle Market Underwriter & Portfolio Manager
CIBC US, Chicago, Illinois, United States, 60290
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
Key Accountabilities / Responsibilities
The Portfolio Manager will be responsible for but not limited to the following activities. 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 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 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 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 Client Penetration/Cross Sell
Consults with the RM on cross-sell opportunities Management Responsibilities and Team Training
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) CROSS-FUNCTIONAL RELATIONSHIPS
Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services) RISK & COMPLIANCE
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk. Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals Understanding and following the qualitative and quantitative components of our Risk Appetite Statements Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution AUTHORITIES/DECISION RIGHTS
As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness. Knowledge And Skills
Minimum of 5-7 years of experience of applicable experience in underwriting, structuring, loan closing, documentation, and portfolio management. Ability to prove credit expertise within a specific commercial banking industry or vertical. Expected to be well versed in all key systems, applications, and models used Completion of Commercial Banking Training Program or equivalent. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $120,000.00 - $150,000.00 for the market based on experience, qualifications, and location of the position. 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.
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The Portfolio Manager will be responsible for but not limited to the following activities. 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 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 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 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 Client Penetration/Cross Sell
Consults with the RM on cross-sell opportunities Management Responsibilities and Team Training
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) CROSS-FUNCTIONAL RELATIONSHIPS
Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services) RISK & COMPLIANCE
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk. Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals Understanding and following the qualitative and quantitative components of our Risk Appetite Statements Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution AUTHORITIES/DECISION RIGHTS
As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness. Knowledge And Skills
Minimum of 5-7 years of experience of applicable experience in underwriting, structuring, loan closing, documentation, and portfolio management. Ability to prove credit expertise within a specific commercial banking industry or vertical. Expected to be well versed in all key systems, applications, and models used Completion of Commercial Banking Training Program or equivalent. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $120,000.00 - $150,000.00 for the market based on experience, qualifications, and location of the position. 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.
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