Associate, Commercial Real Estate Finance

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profile Job Location:

New York City, NY - USA

profile Monthly Salary: $ 150000 - 185000
Posted on: Yesterday
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:

Primary responsibilities of the Associate Commercial Real Estate Finance (CRE Fin) within Global Credit Finance (GCF) will be to size underwrite onboard and portfolio manage CRE warehouse (CRE Repo) and Note on Note facilities and pledged underlying commercial real estate bridge senior loans. The ASO will be part of a global team of dynamic CRE team based in Toronto New York and London with this position being based out of New York.

How Youll Succeed:

  • Size and underwrite CRE bridge loans compile and analyze market information regarding properties markets and underlying borrowers/sponsors being financed

  • Perform market including securitization markets CBMS/CRE CLO and property research and analysis utilizing 3rd party data providers such as CoStar and/or Moodys Analytics database pulls

  • Interface with lending counterparties to obtain necessary information and documentation required for loan files

  • Maintain loan files applicable checklists and any items needed from underlying borrower

  • Review and analyze items received to ensure files are accurately documented to perfect security interest

  • Assemble data and other information for reports charts summaries and related documentation

  • Prepare facility credit memorandums loan credit memorandums asset summaries and underwriting narratives

  • Present deals to credit committee

  • Work with credit team to obtain required credit and other approvals

  • Liaison with external and internal legal counsels to incorporate business terms into the facility and loan pledge documents and post-closing obligations

  • Work with operations department on loan closings monthly remittance and payoff statements

  • Monitor loan portfolio and prepare quarterly reports discussing loan credit metrics

  • Prepare presentations conduct other projects and duties as assigned to support senior staff and management

  • Occasionally conduct site inspections

  • Attend industry conferences

  • Work effectively within CIBCs corporate governance practices and policies (Risk Management Finance HR Legal and Compliance) to ensure compliance with CIBCs Governance and Control Framework and regulatory requirements.

Who You Are:

  • BA/BS degree in finance economics real estate or related discipline preferred

  • At least 2-3 years of CRE loan sizing underwriting credit analysis and lending experience in various property types

  • The candidate will either have or be required to obtain requisite FINRA Series 63 7 and 79 Licenses as appropriate

  • Ability to work well and maintain high degree of tact discretion and comfort in interacting with a diverse group of staff clients and vendors

  • Strong organizational and time management skills with the ability to multi-task and prioritize multiple assignments

  • Excellent written and verbal communication skills

  • Superior analytical and presentation skills

  • Exceptional ability to handle sensitive/confidential information with discretion

  • Strong client/customer focus

  • The ability to work independently with minimal direction take initiative and exercise good judgment at all times

  • Occasional travel required

  • Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.

#LI-TA

California residents your privacy rights regarding your actual or prospective employment

At CIBC we offer a competitive total rewards package. This role has an expected salary range of $150000-$185000 for the New York NY 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 also may 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) Holidays and 401(k) in addition to other special perks reserved for our team members.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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

NY-300 Madison Ave. 5th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking Analytics Insights Business Direction Client Service Finance Global Market Marketing Strategies Portfolio Management Sales Structured Products

Required Experience:

IC

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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