Commercial Middle Market Underwriter Portfolio Manager
Commercial Middle Market Underwriter Portfolio Manager
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$ 120000 - 150000
1 Vacancy
Job Description
Were building a relationshiporiented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats 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
KEY ACCOUNTABILITIES / RESPONSIBILITIES
The Portfolio Manager will be responsible for but not limited to the following activities.
Primary responsibilities for this position will be that of Underwriting and Portfolio Management and of 1A risk management activities in a manner consistent with CIBCs risk culture.
Client Sales
- Serve as the clients primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit
- Renewal activities with existing clients PM leading associated activities with RM input
- Remain active and engaged in periodic client calls and visits for assigned portfolio
- Maintain Salesforce pipeline on existing clients (draws increases paydowns payoffs)
Client Onboarding/Closing
- Loan closing process responsible for driving the closing process with internal closing team and Portfolio Coordinator
- Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client
Client Portfolio Maintenance
- Work with CIS Relationship Support to update / correct identified data issues
- Address upcoming maturities and annual reviews on time; help remediate payment past dues
- Ensure all customer financial reporting / covenants are collected on time
- Support closing team to ensure collection of outstanding loan document exceptions
- Follow up on past due real estate taxes / insurance certificates to clear exceptions
- Prepare CAMP reports and quarterly trend cards / reviews
- Prepare FAS 114 memo / analysis
- Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio
- Respond to approval requests for overdrafts manual wires NSF wires ACH suspensions etc.
- Review borrowing base availability and approve loan advances
- Coordinate onboarding deposit account opening and TM setup activities
- Respond to approval requests for overdrafts manual wires NSF wires ACH suspensions etc.
- Review borrowing base availability and approve loan advances
- Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly
- Remain active and engaged in periodic client calls and visits for assigned portfolio
- Renewal activities with existing clients PM leading associated activities with RM input
- Has direct client contact in performing responsibilities as needed
Client Penetration/Cross Sell
- Consults with the RM on crosssell opportunities
Management Responsibilities and Team Training
- Mentor and provide situational training support to Associates and Sr. Associates
Risk Management
- Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits)
CROSSFUNCTIONAL RELATIONSHIPS
- Maintain strong partnerships with other business functions/units (i.e. Private Wealth crosssell partners and Loan Services)
RISK & COMPLIANCE
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leaderships identification and mitigation of risks in their daily responsibilities not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.
As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
- Following all aspects of the CIBC Code of Conduct as well as all applicable CIBC policies frameworks guidelines processes and controls
- At all times acting in accordance with our Purpose and shared values to achieve our Banks strategic goals
- Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
- Completing all annual Corporate Mandatory Training and Testing modules as well as any additional businessspecific modules as required and employing the learnings in daily activities and undertakings
- Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e. HR management Ethics Hotline Whistleblower etc. upon observing activities that may be inconsistent with CIBCs policies frameworks guidelines processes and controls
- Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients team members or other stakeholders
- Escalating matters that can result in adverse market practices and outcomes thereby negatively impacting CIBCs reputation as a leading financial institution
AUTHORITIES/DECISION RIGHTS
- As a key contributor to the business unit this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
KNOWLEDGE AND SKILLS
- Minimum of 57 years of experience of applicable experience in underwriting structuring loan closing documentation and portfolio management.
- Ability to prove credit expertise within a specific commercial banking industry or vertical.
- Expected to be well versed in all key systems applications and models used
Completion of Commercial Banking Training Program or equivalent.
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $120000.00 $150000.00 for the market based on experience qualifications and location of the position. The successful candidate may be eligible to participate in the relevant business units incentive compensation plan which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employees 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) Holidaysand 401(k) in addition to other special perks reserved for our team members.
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What CIBC Offers
At CIBC your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career rather than just a paycheck.
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 pointsbased recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation please contact
You need to be legally eligible to work at the location(s) specified above and where applicable must have a valid work or study permit.
We may ask you to complete an attributebased assessment and other skills tests (such as simulation coding MS Office). Our goal for the application process is to get to know more about you all that you have to offer and give you the opportunity to learn more about us.
Job Location
IL120 S LaSalle StEmployment Type
RegularWeekly Hours
40Skills
Business Banking Business Development Business Opportunities Client Service Customer Experience (CX) Lending Portfolio Management UnderwritingRequired Experience:
Manager
Employment Type
Full-Time
