Commercial Banking - Portfolio Management and Underwriting

CIBC • Cleveland, OH

1d • $100,000 - $150,000 • Onsite

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.

Requirements

• Minimum of 5-7 years of experience of applicable experience in underwriting, structuring, loan closing, documentation, and portfolio management.
• Ability to prove credit expertise within a specific commercial banking industry or vertical.
• Expected to be well versed in all key systems, applications, and models used
• Analytical Thinking
• Business Banking
• Business Development
• Cash Management
• Client Service
• Credit Processes
• Financial Advising
• Portfolio Management
• Results-Oriented

Nice To Haves

• Completion of Commercial Banking Training Program or equivalent (preferred but not mandatory)

Responsibilities

• Serve as the client’s primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit
• Renewal activities with existing clients – PM leading associated activities with RM input
• Remain active and engaged in periodic client calls and visits for assigned portfolio
• Maintain Salesforce pipeline on existing clients (draws, increases, paydowns, payoffs)
• Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator
• Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client
• Address upcoming maturities and annual reviews on time; help remediate payment past dues
• Ensure all customer financial reporting / covenants are collected on time
• Support closing team to ensure collection of outstanding loan document exceptions
• Follow up on past due real estate taxes / insurance certificates to clear exceptions
• Prepare quarterly reports and reviews for certain customers
• Prepare FAS 114 memo / analysis when applicable
• Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio
• Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.
• Review borrowing base availability
• Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly
• Consults with the RM on cross-sell opportunities
• Mentor and provide situational training support to Associates and Sr. Associates
• Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services)
• Strive to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments.
• Conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture.
• Follow all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
• At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
• Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
• Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
• Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
• Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
• Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution
• Recommend changes to business processes in order to enhance operational efficiency and effectiveness.

Benefits

• Medical
• Dental
• Vision
• Health Savings Account
• Life Insurance
• Disability
• Other Insurance Plans
• Paid Time Off (including Sick Leave, Parental Leave and Vacation)
• Holidays
• 401(k)
• Incentive pay
• Banking benefits
• A benefits program
• A 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
• Education Level: No Education Listed