Associate, Project Finance & Infrastructure Portfolio Manager

CIBC•New York, NY

2d•$150,000 - $185,000

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 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 What You’ll Be Doing The Associate will be responsible for managing and monitoring the project finance offerings, credit positions, derivative positions and all stages of the project development and funding requests as conditions to draw are met and verified.

Requirements

High energy individual with a long term orientation, with at least 3-5 years of experience in a project finance or asset based related portfolio management or credit function
Requires strong work ethic, with attention to detail and creative problem-solving and excellent customer service/relationship skills
Strong analytical skills with a proven history of successfully evaluating credit risk.
Ability to understand, manipulate, and extract information from complex cash flow models.
Ability to carefully read, analyze, and explain in reasonable detail, extensive legal documentation in complex structures.
Team Player- ability to work in a dynamic team environment where priorities are shifting frequently.
Ability to influence discussions and negotiations with other banks, advisors, and Borrowers.
A Bachelor’s degree is required with a focus in finance or economics.
Excellent English language skills with solid technical writing skills (financial & risk assessments).
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

Nice To Haves

MBA or Engineering background is a plus.

Responsibilities

Take over the daily and long-term ownership responsibility for a set of SF loans with the number of accounts depending on status and complexity of the transactions (i.e., Agency deals, projects under construction vs operating projects, watchlisted credits, etc)
Support deal team leaders, as and when required by Management, in execution and monitoring process of complex transactions.
Detailed monitoring of construction process incl review and coordination of monthly draws internally and externally
Review and evaluation of Borrower Amendment/ Waiver/ Consent requests – preparation of accurate and well analyzed risk analysis/ conclusion within SF and coordination of Credit Application process with Risk Management
Coordinate and execute legal documentation in conjunction with internal credit approval for Amendments etc
Manage Term Conversions (conversion of construction loans to term loans, with tax equity investment), liaising with the bank’s internal departments as necessary.
Represent firms interest externally and internally through restructurings, in the event the need arises.
For Agency Deals, support Agency Team in the Amendments process vis a vis syndicate, advisors and customer
Internal administration –maintain the Credit Files and other IT systems as relevant, periodic review of KYC files, and other tasks related to deals in the portfolio, In coordination with Manager, respond to requests from internal and external Auditors and Bank Examiners
Track on time delivery of Borrower’s reporting obligations, coordinate review of Budgets, Op Reports, Financials, Risk Ratings etc with Risk Management
Coordinate and support operational matters (including loan payoffs, syndication process) on designated loans.
Support deal teams for refinancings or new transactions, the execution (including internal process and conduct necessary due diligence) and ensure appropriate closing of the transaction after closing.
Support the PF&I team as necessary on onboarding new clients, preparation of marketing materials, and development of internal policies, rating models and other tools
Assume dedicated responsibility for Head Office- related IT Projects, coordinate interface, trainings and guidance with Project Managers, Support Team and the Portfolio Managers.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $150,000-$185,000 for the New York, NY 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.