Loan Operations Specialist IV

Canadian Imperial Bank of Commerce • Chicago, IL

1d • 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.

Requirements

• Strong knowledge of Attorney Prepared Loan Documents (Reading and Interpreting Lending Terminology)
• Loan System Knowledge (ACBS, IBS, Aspire, SBA) a plus
• Analytical Thinking
• Business Operations
• Customer Service
• Documentations
• Loan Operations
• Operations Management
• Prioritization
• Quality Assurance (QA)
• Service Level Agreement (SLA)
• Technical Knowledge

Nice To Haves

• Experience with syndicated loans and equipment finance is an asset.
• Familiarity with core loan systems (ACBS, Aspire, IBS, SBA) is a plus.
• Experience handling attorney-prepared documentation is also considered an advantage.

Responsibilities

• Conduct daily quality assurance checks on loans entered into core loan origination systems (ACBS, IBS, SBA, ASPIRE).
• Ensure loan data aligns with executed legal documents, such as Credit Agreements, Notes, Lease Agreements, and other supporting materials, in accordance with a 10-day service level agreement (SLA).
• Promptly identify discrepancies, maintain data accuracy, and initiate necessary corrections.
• Review and validate all post-booking and funding changes to loan records within a 5-day SLA.
• Confirm that all updates are properly documented and compliant with internal policies and regulatory standards.
• Issue cashier’s checks to Loan Operations team members, ensuring strict adherence to internal controls.
• Review executed documents from Line of Business (LOB) partners for Fast Track Loans to verify accuracy and completeness prior to further processing.
• Forward fully executed loan packages to the Collateral Team for secure scanning and record retention.

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 compensation plan
• Discretionary bonus component
• Banking benefits
• 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
• Number of Employees: 5,001-10,000 employees