Asset Manager - Commercial Real Estate - Post Closing /Underwriting

CIBC Bank USA; Chicago (IL); On-site; USD 125,000 - 150,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Health Savings Account

Life Insurance

Disability

401(k)

Paid Time Off

Holidays

Job summary

CIBC in Chicago is seeking an experienced credit professional to join our CRE underwriting and portfolio team. You will interact with cross-vertical deal teams, monitor covenants, and support credit actions from renewals to annual reviews for an assigned portfolio.

You will conduct site visits, assess risk, and communicate findings to leaders while maintaining client relationships and ensuring timely reporting.

Qualifications

• Minimum of 5 years of applicable experience in the underwriting, structuring, loan closing, documentation, and/or asset/portfolio management.
• Understanding of financial risks (e.g., credit, market and/or liquidity), non-financial risks (e.g., operational, compliance, reputation, strategic) and financial services businesses and products.
• Excellent written and verbal communication skills and strong analytical capabilities.

Responsibilities

• Interact with cross-vertical CRE Deal Team Members after a new loan closes to assure optimal client experience.
• Ensure 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.
• Serve as client contact/resource/advocate for portfolio related issues/reporting/maintenance or new requests on existing credits.

Skills

Analytical Thinking

Business Banking

Business Development

Cash Management

Client Service

Credit Processes

Portfolio Management

Results-Oriented

Job description

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

How You'll 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 Regional GPM 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 Regional GPM.
• Conduct site visits and work to gain market expertise in locations where the bank has large 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 GPM and/or Regional 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 GPM, Regional GPM, CM, and ML.
• Ensure that policy, procedure, and reference material which govern loan originations and closings are appropriately followed.
• Support the GPM, Regional GPM, and Head of Asset Management by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits).

Details of your work arrangement will be discussed with you during the interview process.

Who You Are:

• Minimum of 5 years of applicable experience in the underwriting, structuring, loan closing, documentation, and/or asset/portfolio management.
• Understanding of financial risks (e.g., credit, market and/or liquidity), non-financial risks (e.g., operational, compliance, reputation, strategic) and 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 CRE.

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 $125,000.00 - $150,000.00 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.

CIBC offers a full range of benefits and programs to meet our employee’s 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.

• Medical
• Dental
• Vision
• Health Savings Account
• Life Insurance
• Disability
• Other Insurance Plans
• Paid Time Off (including Sick Leave, Parental Leave and Vacation)
• Holidays and 401(k)
• other special perks reserved for our team members

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 [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, 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.

California residents — your privacy rights regarding your actual or prospective employment

Job Location IL-Chicago, 120 S LaSalle St Fl 11 Employment Type Regular Weekly Hours 40 Skills Analytical Thinking, Business Banking, Business Development, Cash Management, Client Service, Credit Processes, Portfolio Management, Results-Oriented

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.