Senior Accountant, U.S. Region – Equipment Finance & Credit

CIBC•Chicago, IL

6d•Hybrid

About The Position

As a Senior Accountant reporting to the U.S. Region Senior Manager, Credit Control, you will play a pivotal role within CIBC’s U.S. Finance team. You will act as a primary contributor and key liaison for the Equipment Finance (“EF”) and Credit (Lending) business units. Your responsibilities will span accounting, financial reporting, and the maintenance of robust internal controls supporting these business lines. At CIBC, we are committed to providing a work environment where you can thrive. This role offers a flexible hybrid work arrangement, with three days per week onsite and the remainder remote, empowering you to achieve your best work-life balance.

Requirements

Bachelor’s degree in Finance or Accounting.
2–5 years of relevant business experience.
Proficient in US GAAP, with a strong understanding of lease accounting principles.
Proven ability to develop and maintain effective working relationships with internal stakeholders.
Exceptional verbal and written communication skills.
Highly organized, with the ability to prioritize multiple tasks and meet deadlines.
Strong attention to detail, complemented by critical thinking skills and the ability to see the broader picture.
Must be legally eligible to work at the specified location(s) and, where applicable, must have a valid work or study permit.

Nice To Haves

Financial services experience is an asset.

Responsibilities

Review and classify new deals as loans or leases, and determine operating versus financing lease status for all new agreements.
Ensure accurate setup of lease and loan schedules in Aspire, acting as a key control function within Finance.
Prepare and post journal entries for cash movements affecting EF customers, entity fundings, and new leases/loans.
Complete monthly general ledger reconciliations and verify syndication revenues for EF.
Execute SOX control activities for EF-related processes within Finance.
Prepare GAAP and IFRS journal entries for monthly loan loss provisions and allowance for credit losses.
Conduct monthly and quarterly analysis of credit-impaired loans.
Execute SOX control activities for Credit team processes within Finance.
Perform monthly general ledger reconciliations for Credit accounts.
Compile quarterly and year-end reporting documents for consolidated financial statements.

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 pay
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