Associate, Real Estate Finance
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
- In-depth knowledge of customers and the company, the real estate sector, regulatory issues, economic or political trends and customer needs.
- Compliance with all applicable Bank and industry policies, guidelines and controls, including ensuring that all mandatory training is completed.
- Fluency in French and English.
- A degree/diploma in Business Administration, Finance or Property Management.
- Legally eligible to work at the specified location(s) and, where applicable, must have a valid work or study permit.
- Business Banking
- Business Development
- Client Service
- Customer Experience (CX)
- Lending
- Portfolio Management
- Preparation of Financial Reports
- Real Estate Financing
- Researching
Nice To Haves
- Seeking out innovative solutions and embracing evolving technologies.
- Ability to easily adapt to new tools and trends.
- Passion for growing knowledge.
- Attention to detail and critical thinking skills.
- Ability to investigate complex problems and make sense of information.
- Confidence in ability to communicate detailed information in an impactful way.
- Understanding the power of an inclusive team that enjoys working together to bring a shared vision to life.
Responsibilities
- Processing of mortgage renewals and assumptions across Eastern Canada.
- Day-to-day management of a commercial mortgage portfolio.
- Liaising with various internal partners.
- Due diligence of the borrower, bond and property information provided by clients and account managers.
- Preparing credit applications in collaboration with Account Managers.
- Participating in loan administration processes by conducting renewals and annual reviews of various credits.
- Gathering, reviewing and critically assessing third-party due diligence reports on a property.
- Acting as a liaison between the central credit department (CPS) and the Relationship Managers.
- Acting as a liaison between Collateral Analysts (CMA), Relationship Managers and clients in the preparation of letters of credit, Visa Enterprises etc.
- Actively identifying credits about to expire.
- Reviewing lists with relationship managers.
- Obtaining/tracking copies of all necessary financial data and other documents stipulated in the credit agreement.
- Completing 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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
