Associate, US Venture Credit Solutions - Innovation Banking

CFA Institute; San Francisco (CA); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

Benefits program

Vacation offering

Wellbeing support

MomentMakers recognition program

Job summary

CIBC Innovation Banking seeks an Associate in US Venture Credit Solutions to support underwriting, monitoring, and reporting on venture-backed technology clients across the US and Europe. You will work with sales to develop client-facing skills and help structure credit solutions for growth companies.

Responsibilities include preparing credit submissions, performing due diligence, and maintaining an active portfolio with regular reporting and documentation.

Qualifications

• Experience in commercial lending or adjudication and knowledge of marketplace and loan structuring.
• Ability to analyze borrowers' financial condition and capital structures.
• Bachelor's degree in Business/Finance/Accounting/Technology or related field; MBA/CFA/CA/CGA/CMA asset.

Responsibilities

• Assist in underwriting and preparing strong financing proposals with terms, covenants, and pricing.
• Prepare credit submissions and memoranda for senior management review.
• Manage a portfolio of loan accounts and ensure reporting and covenant tests are met.
• Provide management with account information and borrower condition analyses.

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 or equivalent

MBA/CFA/CA/CGA/CMA 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.

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

• 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.

#LI-TA

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.

Job Location

CA-San Francisco, 101 2nd St

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Banking, Business Banking, Business Development, Client Service, Commercial Banking, Credit Underwriting, Financial Advising, Portfolio Management, Researching, Results-Oriented