Associate, US Venture Credit Solutions - Innovation Banking

Canadian Imperial Bank of Commerce • San Francisco, CA

5d • Hybrid

About The Position

CIBC Innovation Banking provides strategic advice and funding to North American innovation clients at each stage of their business cycle, from start up to IPO and beyond. As an Associate in US Venture Credit Solutions you will be involved with all aspects of underwriting, managing and reporting on client accounts for venture backed technology companies across the US and Europe, providing customized credit solutions to high-growth businesses. Your role will include, regular monitoring of a portfolio of Innovation Banking loan accounts to ensure compliance with all agreed terms, analyzing due diligence results to validate lending eligibility, preparing credit applications and other credit correspondence, analyzing borrowers’ financial condition and account status, and actively assisting with the negotiating of legal documentation. You will also maintain ongoing relationships with an assigned portfolio of accounts. You will work closely with the sales team, which will help to develop your client-facing skills. 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

• Demonstrate experience in commercial lending or adjudication and strong knowledge of marketplace and loan structuring.
• Experience may have been gained through working in technology lending, sponsor finance, and/or commercial banking.
• Give meaning to financial data.
• Enjoy investigating complex problems, and making sense of information.
• Have a good understanding of corporate finance and the ability to evaluate and understand complex capital structures.
• Bachelors or equivalent degree in Business, Finance, Accounting, Technology, or related field.
• Bring your real self to work and live our values – trust, teamwork and accountability.

Nice To Haves

• Advanced business degree or professional designation (MBA/CFA/CA/CGA/CMA) or equivalent work experience would be an asset.

Responsibilities

• Regular monitoring of a portfolio of Innovation Banking loan accounts to ensure compliance with all agreed terms.
• Analyzing due diligence results to validate lending eligibility.
• Preparing credit applications and other credit correspondence.
• Analyzing borrowers’ financial condition and account status.
• Actively assisting with the negotiating of legal documentation.
• Maintain ongoing relationships with an assigned portfolio of accounts.
• Assist the relationship manager and/or senior underwriter to prepare strong financing proposals (structuring terms and conditions including security, covenants, and pricing) that properly reflect and compensate CIBC for assessed risk.
• Assist in preparing draft recommendations on credit submissions and investment proposals to present to senior management.
• Assist with comprehensive due diligence on all transactions, including preparing credit memoranda and other credit correspondence in a well thought out, thorough, and efficient manner.
• Work with the Business Development teams throughout the underwriting process for new transactions, complete credit correspondence, review documentation, set up reporting, etc.
• Manage a portfolio of loan accounts while ensuring reporting requirements are met, financial covenant tests are completed, and comprehensive credit reviews are prepared and submitted to the risk group.
• Approve loan advances based on appropriate review and compliance of documents submitted by borrowers.
• Provide management with information on accounts, proactively report on problems or issues, complete reviews and present analysis on borrowers’ financial condition.

Benefits

• Competitive salary
• Incentive pay
• Banking benefits
• Benefits program
• 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: Mid Level