Associate, Real Estate Finance

CIBC • Vancouver, BC

3d • Hybrid

About The Position

As a member of the Commercial Banking team, you will be responsible for the processing of mortgage renewals and assumptions across Eastern Canada. As the Associate of Real Estate Finance, you will be responsible for the day-to-day management of a commercial mortgage portfolio and will also liaise with various internal partners. You will be responsible for the due diligence of the borrower, bond and property information provided by clients and account managers. These tasks require an in-depth knowledge of customers and the company, the real estate sector, regulatory issues, economic or political trends and customer needs. In collaboration with Account Managers, the incumbent must prepare credit applications that must be submitted to and authorized by the CIBC Risk Management Unit. 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

• Degree/diploma in Business Administration, Finance or Property Management.
• Fluent in French and English.

Nice To Haves

• Digitally savvy. Seek out innovative solutions and embrace evolving technologies.
• Adaptable to new tools and trends.
• Passionate about growing knowledge.
• Strong attention to detail.
• Critical thinking skills to inform decision making.
• Ability to give meaning to data.
• Enjoy investigating complex problems and making sense of information.
• Confident in ability to communicate detailed information in an impactful way.
• Driven by collective success.
• Understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• Values matter. Bring your real self to work, and live our values – trust, teamwork, and accountability.

Responsibilities

• Participate in the loan administration processes in place by conducting renewals and annual reviews of various credits.
• Comply with all applicable Bank and industry policies, guidelines and controls, including ensuring that all mandatory training is completed.
• Gather, review and critically assess third-party due diligence reports on a property, such as property assessments, environmental assessments, property fitness assessments and construction cost consultant reports.
• Act as the liaison between the central credit department (CPS) and the Relationship Managers.
• Act as a liaison between Collateral Analysts (CMA), Relationship Managers and clients in the preparation of letters of credit, Visa Enterprises etc.
• Actively identify credits about to expire, review lists with relationship managers and obtain/track copies of all necessary financial data and other documents stipulated in the credit agreement.
• Complete any other preparatory documents to facilitate the annual renewal/review.

Benefits

• Competitive salary
• Incentive pay
• Banking benefits
• Benefits program
• Defined benefit pension plan
• Employee share purchase plan
• Vacation offering
• Wellbeing support
• MomentMakers, our social, points-based recognition program
• Purpose Day; a paid day off dedicated for you to use to invest in your growth and development

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree