Associate, US Venture Credit Solutions - Innovation Banking

CIBC•San Francisco, CA

3d•$95,000 - $125,000

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 What You’ll Be Doing 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

You demonstrate experience in commercial lending or adjudication and strong knowledge of marketplace and loan structuring. This experience may have been gained through working in technology lending, sponsor finance, and/or commercial banking.
You give meaning to financial data. You enjoy investigating complex problems, and making sense of information.
You have a good understanding of corporate finance and the ability to evaluate and understand complex capital structures.
You have a Bachelors or equivalent degree in Business, Finance, Accounting, Technology, or related field.

Nice To Haves

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

Responsibilities

Proactively assess your clients’ needs and propose solutions to deliver to meet those needs.
Provide continued partnership and support to your clients through understanding their goals and objectives.
Appropriately address borrowers’ requests in a timely manner and ensure that any related credit applications are completed accurately and in a timely manner.
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

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of USD $95,000-$125,000 for the San Francisco, California 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.