Canadian Imperial Bank of Commerce
Commercial Portfolio Manager & Underwriter: Middle Market
Canadian Imperial Bank of Commerce, Chicago, Illinois, United States, 60290
Commercial Portfolio Manager & Underwriter: Middle MarketLocations: Chicago, IL
Time Type: Full time
Posted on: Posted 2 Days Ago
Time Left to Apply: End Date: December 2, 2024 (25 days left to apply)
Job Requisition ID: 2422975
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.
The Sr. Portfolio Manager's primary purpose is to ensure objectives related to credit underwriting and internal portfolio management are met, in addition to supporting the workflow of the Commercial Team of RMs and commercial lending associates. This position will provide approval within established guidelines for daily credit/portfolio administrative activity.
KEY ACCOUNTABILITIES / RESPONSIBILITIES
The Sr. Portfolio Manager will be responsible for but not limited to the following activities:
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.
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. We all are accountable for managing risk.
As an employee of CIBC, the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
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.
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 10 years of 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.
WORKING CONDITIONS
This role operates within a normal office environment with little exposure to adverse working conditions. Some travel may be required.
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $125,000.00 - $180,000.00 based on experience, qualifications, and location. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k).
What CIBC Offers
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 invest in your growth and development.
*Subject to plan and program terms and conditions.
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.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you and give you the opportunity to learn more about us.
Job Location : IL-120 S LaSalle St
Employment Type : Regular
Weekly Hours : 40
Skills : Analytical Thinking, Business Banking, Business Development, Client Service, Financial Advising, Portfolio Management, Results-Oriented
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Time Type: Full time
Posted on: Posted 2 Days Ago
Time Left to Apply: End Date: December 2, 2024 (25 days left to apply)
Job Requisition ID: 2422975
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.
The Sr. Portfolio Manager's primary purpose is to ensure objectives related to credit underwriting and internal portfolio management are met, in addition to supporting the workflow of the Commercial Team of RMs and commercial lending associates. This position will provide approval within established guidelines for daily credit/portfolio administrative activity.
KEY ACCOUNTABILITIES / RESPONSIBILITIES
The Sr. Portfolio Manager will be responsible for but not limited to the following activities:
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.
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. We all are accountable for managing risk.
As an employee of CIBC, the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
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.
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 10 years of 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.
WORKING CONDITIONS
This role operates within a normal office environment with little exposure to adverse working conditions. Some travel may be required.
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $125,000.00 - $180,000.00 based on experience, qualifications, and location. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k).
What CIBC Offers
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 invest in your growth and development.
*Subject to plan and program terms and conditions.
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.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you and give you the opportunity to learn more about us.
Job Location : IL-120 S LaSalle St
Employment Type : Regular
Weekly Hours : 40
Skills : Analytical Thinking, Business Banking, Business Development, Client Service, Financial Advising, Portfolio Management, Results-Oriented
#J-18808-Ljbffr