Commercial Middle Market Underwriter & Portfolio Manager

Canadian Imperial Bank of Commerce•Chicago, IL

3d•$120,000 - $150,000

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 KEY ACCOUNTABILITIES / RESPONSIBILITIES The Portfolio Manager will be responsible for but not limited to the following activities. Primary responsibilities for this position will be that of Underwriting and Portfolio Management and execution of 1A risk management activities in a manner consistent with CIBC’s risk culture.

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
Completion of Commercial Banking Training Program or equivalent.

Responsibilities

Client Sales 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)
Client Onboarding/Closing 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
Client Portfolio Maintenance Work with CIS Relationship Support to update / correct identified data issues
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 CAMP reports and quarterly trend cards / reviews
Prepare FAS 114 memo / analysis
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 and approve loan advances
Coordinate onboarding, deposit account opening and TM setup activities
Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly
Has direct client contact in performing responsibilities as needed
Client Penetration/Cross Sell Consults with the RM on cross-sell opportunities
Management Responsibilities and Team Training Mentor and provide situational training support to Associates and Sr. Associates
Risk Management Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits)
CROSS-FUNCTIONAL RELATIONSHIPS Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services)
RISK & COMPLIANCE Our CIBC risk culture is based on employees striving 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. We all are accountable for managing risk. As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes: Following 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
AUTHORITIES/DECISION RIGHTS As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $120,000.00 - $150,000.00 for the 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 may also 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.
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.

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