Associate, US Venture Credit Solutions - Innovation Banking

CIBC US; San Francisco (CA); On-site; USD 140,000 - 180,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

A benefits program*

A vacation offering

Wellbeing support

MomentMakers — recognition program

Job summary

Canadian Imperial Bank of Commerce is seeking an Associate in US Venture Credit Solutions in San Francisco to underwrite, monitor, and report on venture-backed tech accounts across the US and Europe. You will work with the sales team to grow client relationships and prepare credit proposals for high-growth companies.

You will analyze financial conditions, assist with drafting legal documentation, and manage a portfolio with regular reporting and risk assessment.

Qualifications

• Experience in commercial lending or adjudication and knowledge of marketplace and loan structuring.
• This role involves underwriting, credit submissions, and financial condition analysis.

Responsibilities

• Prepare financing proposals with terms, covenants, and pricing reflecting risk.
• Assist with credit submissions and investment proposals for senior management.
• Conduct comprehensive due diligence on transactions and prepare memoranda.
• Manage portfolio reporting, covenant testing, and credit reviews.
• Support relationship managers and junior underwriters throughout underwriting.

Skills

Analytical Thinking

Banking

Business Banking

Business Development

Client Service

Commercial Banking

Credit Underwriting

Financial Advising

Portfolio Management

Researching

Results-Oriented

Education

Bachelor's degree in Business, Finance, Accounting, Technology, or related field

MBA/CFA/CA/CMA or equivalent would be an asset

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

What You’ll Be Doing

CIBC Innovation Banking provides strategic advice and funding to North American innovation clients at each stage of their business cycle, from start up to IPO and beyond. As an Associate in US Venture Credit Solutions you will be involved with all aspects of underwriting, managing and reporting on client accounts for venture backed technology companies across the US and Europe, providing customized credit solutions to high-growth businesses. Your role will include, regular monitoring of a portfolio of Innovation Banking loan accounts to ensure compliance with all agreed terms, analyzing due diligence results to validate lending eligibility, preparing credit applications and other credit correspondence, analyzing borrowers’ financial condition and account status, and actively assisting with the negotiating of legal documentation. You will also maintain ongoing relationships with an assigned portfolio of accounts. You will work closely with the sales team, which will help to develop your client-facing skills.

How You’ll Succeed

Client First – Proactively assess your clients’ needs and propose solutions to deliver to meet those needs. Provide continued partnership and support to your clients through understanding their goals and objectives. Appropriately address borrowers’ requests in a timely manner and ensure that any related credit applications are completed accurately and in a timely manner.

Credit Management

Assist the relationship manager and/or senior underwriter to prepare strong financing proposals (structuring terms and conditions including security, covenants, and pricing) that properly reflect and compensate CIBC for assessed risk. Assist in preparing draft recommendations on credit submissions and investment proposals to present to senior management. Assist with comprehensive due diligence on all transactions, including preparing credit memoranda and other credit correspondence in a well thought out, thorough, and efficient manner. Work with the Business Development teams throughout the underwriting process for new transactions, complete credit correspondence, review documentation, set up reporting, etc.

Portfolio Management

Manage a portfolio of loan accounts while ensuring reporting requirements are met, financial covenant tests are completed, and comprehensive credit reviews are prepared and submitted to the risk group. Approve loan advances based on appropriate review and compliance of documents submitted by borrowers.

Management Reporting

Provide management with information on accounts, proactively report on problems or issues, complete reviews and present analysis on borrowers’ financial condition.

Who You Are

You demonstrate experience in commercial lending or adjudication and strong knowledge of marketplace and loan structuring. This experience may have been gained through working in technology lending, sponsor finance, and/or commercial banking. You give meaning to financial data. You enjoy investigating complex problems, and making sense of information. You have a good understanding of corporate finance and the ability to evaluate and understand complex capital structures.

Education

You've Completed. You have a Bachelors or equivalent degree in Business, Finance, Accounting, Technology, or related field. Advanced business degree or professional designation (MBA/CFA/CA/CGA/CMA) or equivalent work experience would be an asset.

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

What CIBC Offers

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.

• competitive salary
• incentive pay
• banking benefits
• a benefits program*
• a vacation offering
• wellbeing support
• 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.

Job Location CA-San Francisco, 101 2nd St

Employment Type Regular

Weekly Hours 40

• Analytical Thinking
• Banking
• Business Banking
• Business Development
• Client Service
• Commercial Banking
• Credit Underwriting
• Financial Advising
• Portfolio Management
• Researching
• 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.