Accountant III

Canadian Imperial Bank Of Commerce

Job Location:

Chicago, IL - USA

Monthly Salary: $ 90000 - 110000

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

The Accountant III is an accounting position that reports to the U.S. Region Senior Manager Credit Control. This role will serve as a primary contributor and key point of contact for the Equipment Finance (EF) and Credit (Lending) business units. As a member of the U.S. Finance team the Accountant III will be responsible for accounting reporting and maintaining internal controls related to the Equipment Finance and Credit business.

At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 3 days per week on-site while other days will be remote.

How youll succeed

Equipment Finance
- Review loan vs lease classification for any new deal
- Review operating vs financing lease for all new leases
- Perform control function of ensuring lease/loan schedule reviewed by Finance are properly set up in Aspire
- Perform journal entries for cash movements that impact EF customers fundings to the EF entity finding new leases/loans
- Perform monthly EF GL reconciliations and verification of syndication revenues
- Perform SOX control functions for controls that reside within Finance for EF
Credit
- Prepare GAAP and IFRS entries to record the monthly provision for loan losses.
- Prepare GAAP and IFRS entries related to allowance for credit losses.
- Perform monthly and quarterly analysis over credit-impaired loans.
- Perform SOX control functions for controls that reside within Finance for the Credit team.
- Perform monthly Credit account GL reconciliations.
- Prepare quarter and year-end reporting documents for use in the consolidated financial statements.

Who you are

Bachelors degree in Finance or Accounting
3-5 year business related experience
Financial Services experience a plus.
Working knowledge of US GAAP particularly related to lease accounting
Ability to develop and maintain close working relationships with internal stakeholders
Excellent oral and written communication skills
Strong organizational skills including ability to prioritize multiple simultaneous tasks
Attention to detail while demonstrating the ability to think critically and see the big picture

At CIBC we offer a competitive total rewards package. This role has an expected salary range of $90000 - $110000K for the Chicago IL 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.

This position does not offer visa sponsorship.

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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 5th Fl

Employment Type

Regular

Weekly Hours

Skills

Accounting Policies Accounting Processes Analytical Thinking Communication Management Reporting Process Improvements

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...