Commercial Real Estate Underwriter - Debt Products Manager

Canadian Imperial Bank of Commerce • Minneapolis, MN

54d • $115,000 - $135,000 • 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 Debt Products Manager (DPM) primary purpose is to ensure objectives related to credit underwriting for new loan origination activities are met. The DPM is responsible for producing consistent new deal underwriting which analyzes, presents and ultimately mitigates risk for any new credit that is being recommended for approval by US Commercial Real Estate (CRE). The position is ultimately accountable for all material presented throughout the loan origination life-cycle, in New Deals Committee, Prescreen, and Loan Presentations. The DPM will work in close collaboration with their assigned Client Management Regional Head, Market Leads, Asset Management team and their Debt Products Team Lead in various capacities, throughout the loan life-cycle. The role has both external and internal responsibilities including direct engagement with Syndications and Capital Markets, as well as Lender's counsel, amongst others. The DPM will have direct Borrower interaction and will be responsible for maintaining the client-focused nature of the CRE business At CIBC we enable the work environment most optimal for you to thrive in your role.â You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 3 - 4 days per week on-site, while other days will be remote.

Requirements

• You can demonstrate a minimum 4 years of applicable experience in underwriting, structuring, loan closing, documentation, and portfolio management, solid working knowledge of regulatory expectations and industry best practices in risk management.
• You can demonstrate an understanding of financial risks (i.e., credit, market and/or liquidity) and/or non-financial risks (i.e., operational, compliance, reputation, strategic), and of financial services businesses and products
• You can demonstrate understanding of all aspects of the credit life cycle (i.e. underwriting, loan presentations, closing, etc.)
• You can demonstrate a knowledge of current market/industry trends in commercial real estate.
• You can demonstrate prior experience in adhering to loan policies and procedures, ensuring that standards and guidelines governing loan originations and closings have been appropriately followed.

Benefits

• At CIBC, we offer a competitive total rewards package.
• This role has an expected salary range of $115,000.00-$135,000.00 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees