Credit Underwriter, Income Producing Properties, National Industry Programs

Canadian Imperial Bank of Commerce; Toronto; On-site; CAD 65,000 - 85,000; Full time

Job summary

A leading Canadian bank in Toronto seeks an Income Producing Properties Credit Underwriter to support commercial lending through detailed credit analysis and risk management. Collaboration with relationship managers is vital for managing loan portfolios and ensuring compliance. Ideal candidates have 2-3 years in commercial credit underwriting and strong analytical skills. This position offers the opportunity to thrive in a supportive environment with a focus on continuous improvement and personal growth.

Benefits

Competitive salary

Defined benefit pension plan

Employee share purchase plan

Wellbeing support

Vacation offering

Qualifications

• Experience in commercial credit underwriting or financial analysis roles (approximately 2-3 years).
• Strong understanding of credit risk assessment and deal structuring.
• Proven ability to analyze complex financial information.

Responsibilities

• Conduct detailed credit analysis for existing commercial loans.
• Prepare comprehensive credit submissions for Risk Management.
• Proactively monitor assigned loan portfolios.

Skills

Analytical Thinking

Credit Decisions

Decision Making

Mortgage Documentation

Real Estate Lending

Risk Assessments

Risk Management and Mitigation

Underwriting

Education

Degree in business, finance, real estate, or related field

Job description

Overview

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s 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 CIBC.com

What You’ll Be Doing

The National Industry Programs team is at the forefront of driving growth and innovation within CIBC’s Commercial Banking division. This dynamic team provides sales enablement support to account managers, serves as a trusted resource for risk managers, and develops new programs and marketing strategies to accelerate segment growth.

The Income Producing Properties Credit Underwriter, National Industry Programs, is responsible for supporting the credit underwriting process for commercial lending within CIBC’s Commercial Banking Diversified team. This role focuses on credit analysis, risk assessment, and the preparation of credit submissions for review by Risk Management. The Underwriter will collaborate with Commercial Banking Relationship Managers and internal partners to ensure the effective management of commercial loan portfolios, retention of existing clients and deepening of relationships.

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.

How You’ll Succeed

Credit Analysis and Underwriting

• Conduct detailed credit analysis for existing commercial loans, including annual reviews and renewals.
• Prepare comprehensive credit submissions for Risk Management, ensuring accuracy and alignment with CIBC’s risk appetite and guidelines.
• Perform sensitivity and scenario analysis to assess potential risks and outcomes.

Portfolio Monitoring and Risk Management

• Proactively monitor assigned loan portfolios to identify loans requiring review or renewal.
• Ensure all due diligence and documentation are collected and analyzed in accordance with credit agreements.
• Assess and manage risk in line with established guidelines, escalating issues as appropriate.

Collaboration and Stakeholder Engagement

• Liaise with Relationship Managers, Risk Management, and other internal partners to facilitate the completion of credit reviews and renewals.
• Provide expertise and support to front-line teams, contributing to the overall success of National Industry Programs and Commercial Banking.

Compliance and Governance

• Ensure all credit submissions and portfolio activities comply with CIBC and industry policies, guidelines, and controls.
• Participate in ongoing governance and reporting activities as required.

Continuous Improvement

• Identify opportunities to enhance underwriting processes, tools, and risk assessment methodologies.
• Stay current with industry trends, regulatory changes, and best practices in commercial credit underwriting.

Who You Are

• You have experience in commercial credit underwriting, portfolio management, or related financial analysis roles (approximately 2-3 years).
• You have a degree in business, finance, real estate, or a related field.
• You have a strong understanding of credit risk assessment, deal structuring, and regulatory frameworks in commercial lending.
• You have a proven ability to analyze complex financial information and communicate findings effectively.
• You have experience collaborating with cross-functional teams and managing multiple priorities.
• You are an analytical thinker. You have strong critical thinking and problem-solving skills; ability to interpret complex data and make sound recommendations.
• You are client-focused. You are committed to delivering exceptional client experiences and solutions
• You have strong communication skills. You have excellent verbal and written communication skills and are able to present detailed information in an impactful way.
• You are a collaborator. You are team-oriented with a focus on collective success; able to work effectively with diverse stakeholders.
• You are adaptable. You are comfortable with evolving technologies, tools, and processes; able to adapt to changing priorities.
• You have strong attention to detail. You have a high level of accuracy and thoroughness in all aspects of work.
• You have integrity. You have a strong ethical foundation and professionalism, upholding CIBC’s values and standards.
• You are results-driven. You are proactive and goal-oriented, with a focus on achieving measurable outcomes.
• You are a continuous learner. You are passionate about personal and professional growth.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

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*, defined benefit pension plan*, an employee share purchase plan, 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 [e-mail]

• 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, French proficiency, 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

Toronto-81 Bay, 10th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Credit Decisions, Decision Making, Mortgage Documentation, Real Estate Lending, Risk Assessments, Risk Management and Mitigation, Underwriting