Commercial Real Estate Asset Manager

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profile Job Location:

Chicago, IL - USA

profile Monthly Salary: $ 135000 - 155000
Posted on: 8 days ago
Vacancies: 1 Vacancy

Job Summary

Were building a relationship-oriented 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

What Youll Be Doing:

The role is a professional responsible for managing a portfolio of commercial real estate loans. This position will support efforts regarding continued development and evolution of asset management based on market conditions and will work in close collaboration with assigned Client Managers (CM) Market Leads (ML) and Group Heads (GH) as well as their Regional Group Portfolio Manager (RGPM) and/or Group Portfolio Manager (GPM) as applicable. The Asset Manager is a client facing role whose primary purpose is to ensure objectives related to asset management and portfolio maintenance including some new business activities. GPM actively oversees their assigned loan portfolio while AM performs ongoing due diligence and financial and risk analysis of the portfolios underlying assets. The AM is accountable for all material presented in a post-closing loan life cycle for their assigned portfolio. The role has both external and internal responsibilities including direct engagement with Syndications and Capital Markets amongst others. The AM will also have direct client interaction and will be responsible for maintaining our client-focused nature within the CRE business.

How Youll Succeed:

  • 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)

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

Who You Are:

  • 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

At CIBC we offer a competitive total rewards package. This role has an expected salary range of $135000 - $155000 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 points-based 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 attribute-based 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

IL-120 S LaSalle St 11th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking Asset Management Bank Regulations Client Calls Commercial Real Estate Credit Credit Risk Management Credit Risks Financial Products Loan Closings Negotiation Portfolio Management Results-Oriented

Required Experience:

Manager

Were building a relationship-oriented 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 meaningf...
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Key Skills

  • Microsoft Office
  • Portfolio Management
  • Microsoft Word
  • Asset Management
  • Yardi
  • Microsoft Excel
  • Administrative Experience
  • DocuSign
  • Property Management
  • negotiation
  • Contracts
  • Google Suite

About Company

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