Portfolio Manager

Canadian Imperial Bank of Commerce • Chicago, IL

14d • $135,000 - $155,000

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 The Asset Manager will be responsible for managing a portfolio of commercial real estate loans. The responsibilities will include maintaining accurate risk ratings, preparing loan presentations seeking approval for modifications, renewals, and annual reviews, closing loan modifications, collecting reporting, testing covenants, analyzing financials, responding to internal and external examiners, and preparing various monthly and quarterly reporting on assets.

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.
• banking benefits
• a benefits program
• a vacation offering
• wellbeing support
• MomentMakers, our social, points-based recognition program

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