Loan Operations Specialist IV

CIBC • Chicago, IL

1d • Hybrid

About The Position

CIBC is building a relationship-oriented bank for the modern world, seeking talented, passionate professionals dedicated to client success. The company embraces employee strengths and ambitions, empowering them to make a meaningful impact and valuing their contributions. CIBC aims to provide a career, not just a paycheck, by recognizing employees through competitive salaries, incentive pay, banking benefits, a comprehensive benefits program, vacation offerings, wellbeing support, and a social, points-based recognition program called MomentMakers. The work environment is designed to foster innovation and collaboration, with a culture that encourages ambition through initiatives like Purpose Day, a paid day off for personal growth and development. CIBC is committed to creating an inclusive environment where all team members and clients feel they belong, providing an accessible candidate experience. The company's business culture is founded on Trust, Teamwork, and Accountability, with 48,000 employees working daily to help clients achieve their financial goals.

Requirements

• Strong knowledge of Attorney Prepared Loan Documents (Reading and Interpreting Lending Terminology)

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

• competitive total rewards package
• competitive salary
• incentive pay
• banking benefits
• a benefits program
• a vacation offering
• wellbeing support
• MomentMakers, our social, points-based recognition program
• 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)
• discretionary bonus component
• 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: Senior
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees