Commercial Real Estate - Asset Manager

Canadian Imperial Bank of Commerce•Denver, CO

60d•$135,000 - $155,000•Hybrid

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: The role is a professional responsible for managing a portfolio of commercial real estate loans. This position will support efforts regarding continued development and evolution of asset management based on market conditions and will work in close collaboration with assigned Client Managers ("CM"), Market Leads ("ML") and Group Heads ("GH") as well as their Regional Group Portfolio Manager ("RGPM") and/or Group Portfolio Manager ("GPM") as applicable. The Asset Manager is a client facing role whose primary purpose is to ensure objectives related to asset management and portfolio maintenance, including some new business activities. GPM actively oversees their assigned loan portfolio while AM performs ongoing due diligence and financial and risk analysis of the portfolio's underlying assets. The AM is accountable for all material presented in a post-closing loan life cycle for their assigned portfolio. The role has both external and internal responsibilities, including direct engagement with Syndications and Capital Markets, amongst others. The AM will also have direct client interaction and will be responsible for maintaining our client-focused nature within the CRE business.

Requirements

Minimum of 8 years of applicable experience in underwriting, structuring, loan closing, documentation, and/or asset/portfolio management
Understanding of financial risks (e.g., credit, market and/or liquidity) and/or non-financial risks (e.g., operational, compliance, reputation, strategic), and of financial services businesses and products
Excellent written and verbal communication skills
Strong analytical and problem-solving skills
Results oriented with a high degree of attention to detail
Exceptional interpersonal and relationship building skills
Ability to develop credit expertise within Commercial Real Estate
Expected to be well versed in all key systems, applications, and models used including proficiency in Microsoft Office products with advanced knowledge of financial analysis and modeling

Responsibilities

Interacting with cross-vertical CRE Deal Team members after a new loan closes to assure optimal client experience
Ensuring all customer financial reporting / covenants are collected on time and monitored for assigned transactions
Complete analysis and documentation to achieve credit actions (e.g., renewals, waivers, modifications, annual reviews) for assigned portfolio
Function as a resource for GPM Team Lead and/or RGPM in preparation for any portfolio review related meetings and actively communicate knowledge of the risk points within the portfolio
Recommend appropriate risk ratings for assigned credits in collaboration with GPM and/or RGPM
Conduct site visits and work to gain market expertise in locations where the bank has large exposure or growing exposure
Be engaged and informed of pipeline as deals progress through the underwriting and closing process
Participate in industry events to keep current market knowledge and client relationships
Escalate potential asset quality outside of risk appetite or any noteworthy risk profile trends to RGPM and/or GPM
Serve as client contact/resource/advocate at the Bank for portfolio-related issues/reporting/maintenance or new requests on existing credit as well as renewal activities with existing clients ensuring the Deal Team(s) remain informed of all activities
Remain active and engaged in periodic client calls and visits as appropriate and agreed to by any combination of the RGPM, GPM, ML, and CM
Provide proper materials and submissions as needed to support the HPA in response to regulators and auditors - internal and external
Ensure that the policy, procedure and reference material which govern loan originations and closings are appropriately followed
Support the RGPM, HAM, GPMs & HPA by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e., review of specific credits)

Benefits

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $135,000 - $155,000 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.
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.

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