Associate - Commercial Banking - Healthcare

CIBC • Chicago, IL

6d • $75,000 - $90,000 • Hybrid

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 The role is responsible for managing a portfolio of mid-market business relationships with the team, as part of a training and development role designed for candidates interested in pursing a career in Commercial Banking. The role utilizes diverse methods and skills to deliver excellence every day with consistently great technology and service, conducting client reviews to identify opportunities to further assist the client. The role makes decisions on moderately complex issues, ensuring that the administrative processing of loan, credit or deposit accounts is completed, including signing authorities, non or negotiable securities, and any special arrangements. The role works with limited guidance to determine approaches to work projects, tracking and monitoring financial performance and preparing profitability reports as required. What You Will Be Doing We are seeking an Associate to join the Healthcare Lending team. This role supports portfolio management of the existing Healthcare Lending business, evaluation of new lending opportunities, market and industry research, and maintenance of strong client relationships. The successful candidate will have a post-secondary degree in finance, business or a related field, strong analytical and organizational skills, and excellent written and verbal communication abilities. Prior experience in healthcare lending or commercial lending is considered an asset. 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.

Requirements

• You have 3+ years of demonstrated experience in Commercial Banking
• You have developed knowledge of regulatory expectations and industry best practices in risk management
• You are a strong team player and able to work with productively with colleagues towards common goals
• You have excellent written and verbal communication skills
• You are a strong analytical and problem solving skills
• You are results oriented with a high degree of attention to detail
• Formal Credit Training

Nice To Haves

• Prior experience in healthcare lending or commercial lending is considered an asset.

Responsibilities

• Analyze and opine on the financial statements of borrowers and prospects, evaluating their overall condition and viability using CIBC’s financial models.
• Engage with clients and prospects to collect routine information and address ongoing portfolio management requirements.
• Prepare loan presentations and credit approval documentation for all required credit actions
• Complete risk analyses of borrowers and prospects using the CIBC risk rating model
• Manage CIBC’s client relationship database for existing transactions and future prospects
• Develop skills to appropriately structure deals including setting covenants and reporting requirements
• Conduct market research comparing clients to local market peers

Benefits

• At CIBC, we offer a competitive total rewards package.
• This role has an expected salary range of $75,000 - $90,000 for the 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 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, 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.
• banking benefits
• a benefits program
• a vacation offering
• wellbeing support
• MomentMakers, our social, points-based recognition program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level