Associate, Agency Services, Project Finance & Infrastructure

CIBC US; New York (NY); On-site; USD 150,000 - 185,000; Full time

Job summary

CIBC is seeking an Associate in Agency Services, Project Finance & Infrastructure to lead client- and lender-facing activities on transactions where CIBC acts as Administrative Agent or bilateral lender. You will coordinate lenders, manage waivers, extensions, consents, and amendments, and work with deal advisors to respond to borrower requests.

The ideal candidate has 3+ years in Project Finance Agency Services, strong relationship management, and solid understanding of credit standards.

Qualifications

• 3+ years of experience in Project Finance within an Agency Services function.
• Strong client/relationship management and stakeholder engagement skills.
• Familiarity with deal advisors (lawyers, engineers, etc.) and the credit-approval process.

Responsibilities

• Provide dedicated coverage of agented or bilateral transactions with Portfolio Management and Deal Teams.
• Serve as the main point of contact for deal stakeholders (sponsors, borrowers, consultants, lawyers, lenders).
• Coordinate the lender group in responding to borrower requests (amendments, waivers, consents).
• Direct relevant advisors (e.g., independent engineer, legal advisor, insurance consultant) as needed.
• Distribute required information and reports to lenders.
• Organize and participate in lender/sponsor calls and updates.
• Discuss and answer credit and deal-structure questions from other lenders.
• Assist Agency team leader with reporting and presentations to CIBC senior management.

Skills

Analytical Thinking

Business Development

Credit Processes

Credit Risk Management

Customer Experience

Financial Modeling

Financial Statement Analysis

High Net Worth Individuals

Portfolio Management

Relationship Management

Researching

Job description

What You’ll Be Doing

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

As a member of the Corporate Banking team, you’ll work in a fast-paced organization where you’ll make a meaningful difference in our clients’ lives. As Associate, Agency Services, Project Finance & Infrastructure, you will be responsible for managing all client-facing and lender-facing activities (inter alia, the processing of waivers, extensions, consents, amendments, refinancings) on transactions in our portfolio where CIBC is acting as Administrative Agent or is a bilateral lender to a client. The Agency Services team will serve as the main point of contact for deal stakeholders (sponsors, borrowers, consultants, lawyers, lenders etc.) while closely working with the Portfolio Management team and Deal Execution Teams.

How You’ll Succeed

• The Associate will be responsible for providing dedicated coverage of agented or bilateral transactions in conjunction with the New York Portfolio Management and Deal Teams and the Toronto based CPS (Agency) team
• Serve as the main point of contact for deal stakeholders as set out above
• Co-ordinate the lender group in responding to Borrower requests such as amendments, waivers or consents
• Co-ordinate and direct the relevant advisors on a transaction (e.g. independent engineer, legal advisor, insurance consultant) as needed to respond to Borrower requests
• Distribute required information and reports to lenders as needed
• Organize and participate in all lender / sponsor calls and updates
• Discuss and answer credit and deal structure related questions from other lenders.
• Determine whether required lenders have approved or declined borrower requests
• Assist Portfolio Management Agency team leader in various reporting and presentations to CIBC senior management

Who You Are

CIBC possesses a strong culture that enables it to attract, integrate and retain exceptional Corporate and Investment Banking professionals and clients. It is committed to developing its employees over the long-term and building a sustainable team and business. CIBC’s commitment to its clients, teamwork, integrity, professional excellence and objectivity is embodied today in the firm’s core values. It is essential for the successful candidate to fit properly and successfully within those elements of the CIBC culture.

The ideal candidate will have 3+ years of experience working in Project Finance in an Agency Services function and will have demonstrated skills in client / relationship management, stakeholder engagement, consensus building and optimizing operational efficiencies. Candidate must have experience in Project Finance loan documentation and knowledgeable in the roles and responsibilities of deal advisors (lawyers, engineers etc.). Candidate must have a solid understanding of the credit standards and terms for project financings in order to work closely with the Portfolio Management team and the credit approval process at CIBC.

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

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CIBC Offers

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $150,000-$185,000 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 unit’s incentive compensation plan, which also may 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.

Competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

*Subject to plan and program terms and conditions

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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.

Job Location

NY-New York, 300 Madison Ave Fl 8

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Development, Credit Processes, Credit Risk Management, Customer Experience (CX), Financial Modeling, Financial Statement Analysis, High Net Worth Individuals, Portfolio Management, Relationship Management, Researching

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.