Asset Manager - CRE

Canadian Imperial Bank of Commerce•Chicago, IL

23h•$125,000 - $145,000

About The Position

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 How You'll Succeed: Interacting with cross-vertical CRE Deal Team members after a new loan closes to assure optimal client experience. Ensuring all customer financial reporting / covenants are collected on time and monitored for assigned transactions. Complete analysis and documentation to achieve credit actions (e.g., renewals, waivers, modifications, annual reviews) for assigned portfolio. Function as a resource for GPM Team Lead and/or RGPM in preparation for any portfolio review related meetings and actively communicate knowledge of the risk points within the portfolio. Recommend appropriate risk ratings for assigned credits in collaboration with GPM and/or RGPM. Conduct site visits and work to gain market expertise in locations where the bank has large or growing exposure. Be engaged and informed of pipeline as deals progress through the underwriting and closing process. Participate in industry events to keep current market knowledge and client relationships. Escalate potential asset quality outside of risk appetite or any noteworthy risk profile trends to GPM and/or RGPM. Serve as client contract/resource/advocate at the Bank for portfolio-related issues/reporting/maintenance or new requests on existing credit as well as renewal activities with existing clients ensuring the Deal Team(s) remain informed of all activities. Remain active and engaged in periodic client calls and visits as appropriate and agreed to by any combination of the GPM, RGPM, CM and ML. Ensure that the policy, procedure and reference material which govern loan originations and closings are appropriately followed. Support the GPM, RGPM, HAM and HPA by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits). Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Requirements

Minimum of 5 years of applicable experience in the underwriting, structuring, loan closing, documentation, and/or asset/portfolio management.
Understanding of financial risks (e.g., credit, market and/or liquidity), non-financial risks (e.g., operational, compliance, reputation, strategic) and financial services businesses and products.
Excellent written and verbal communication skills.
Strong analytical and problem-solving skills.
Results oriented with a high degree of attention to detail.
Exceptional interpersonal and relationship building skills.
Ability to develop credit expertise within CRE.

Responsibilities

Interacting with cross-vertical CRE Deal Team members after a new loan closes to assure optimal client experience.
Ensuring all customer financial reporting / covenants are collected on time and monitored for assigned transactions.
Complete analysis and documentation to achieve credit actions (e.g., renewals, waivers, modifications, annual reviews) for assigned portfolio.
Function as a resource for GPM Team Lead and/or RGPM in preparation for any portfolio review related meetings and actively communicate knowledge of the risk points within the portfolio.
Recommend appropriate risk ratings for assigned credits in collaboration with GPM and/or RGPM.
Conduct site visits and work to gain market expertise in locations where the bank has large or growing exposure.
Be engaged and informed of pipeline as deals progress through the underwriting and closing process.
Participate in industry events to keep current market knowledge and client relationships.
Escalate potential asset quality outside of risk appetite or any noteworthy risk profile trends to GPM and/or RGPM.
Serve as client contract/resource/advocate at the Bank for portfolio-related issues/reporting/maintenance or new requests on existing credit as well as renewal activities with existing clients ensuring the Deal Team(s) remain informed of all activities.
Remain active and engaged in periodic client calls and visits as appropriate and agreed to by any combination of the GPM, RGPM, CM and ML.
Ensure that the policy, procedure and reference material which govern loan originations and closings are appropriately followed.
Support the GPM, RGPM, HAM and HPA by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits).

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $125,000.00 - $145,000.00 for the Chicago, IL market based on experience, qualifications, and location of the position.
The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may 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, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave, and Vacation), Holidays, and 401(k), in addition to other special perks reserved for our team members.
Candidates hired to work in other locations will be subject to the pay range associated with that location.
Additional total compensation and benefits details will be provided during the hiring process.
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