Leveraged Finance Associate, Corporate Banking

CIBC Capital Markets; New York (NY); On-site; USD 150,000 - 170,000; Full time

Job summary

A financial services institution in New York is seeking a detail-oriented Associate for their US Leveraged Finance team. The role involves providing corporate credit analysis and transactional support for leveraged finance products. Ideal candidates will have 2-4 years of experience in investment banking, excellent analytical skills, and proficiency in financial modeling. This position offers a competitive salary ranging from $150,000 to $170,000, along with a comprehensive benefits package.

Benefits

Health Insurance

Paid Time Off

401(k)

Qualifications

• 2 – 4 years of experience in leveraged finance or investment banking.
• Extremely detail-oriented while being able to handle many ongoing tasks.
• Excellent writing and presentation skills with the ability to grasp complex concepts quickly.

Responsibilities

• Build detailed financial and cash flow models including developing detailed assumptions.
• Conduct detailed due diligence, including working in data rooms.
• Assist in the drafting and preparation of pre-screen memos and credit approval packages.

Skills

Analytical Thinking

Financial Modeling

Client Service

Financial Leverage

Industry Research

Tools

Excel

PowerPoint

Word

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 US Leveraged Finance team in the US works with financial sponsors and corporate clients of CIBC to provide leveraged finance solutions and lending capabilities. Our team works closely and has significant interaction with CIBC’s other US businesses, including Debt Capital Markets, Investment Banking, Corporate Banking, and Bank USA. US Leveraged Finance is part of CIBC Capital Markets.

A strong Associate level candidate is needed to support the US Leveraged Finance team. The team is responsible for the structuring and execution of leveraged finance products. The Associate will be responsible for providing corporate credit analysis and transactional support for the team, and will gain significant experience working on a wide range of “clubbed” and underwritten leveraged finance transactions, including leveraged buyouts, M&A financings and dividend recapitalizations.

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

• Build detailed financial and cash flow models (“LBO models”), including developing detailed and justifiable assumptions and downside cases
• Work with senior members of the US Leveraged Finance team and other business areas to conduct detailed due diligence, including working in data rooms
• Assist in the evaluation and structuring of financing proposals
• Assist in the drafting and preparation of cohesive and cogent pre-screen memos and credit approval packages, including developing well thought out credit strengths and risks with appropriate mitigants
• Assist in the preparation and drafting of marketing materials and client presentations and assist in the presentation of proposed transactions to management and credit
• Interact, ask questions and generally be pro-active with team members and other CIBC groups in order to continuously grow your knowledge base and competencies
• Collect, assemble, and analyze market data and transactions and maintain lender base of deals and lender relationships
• Assist in closing transactions and be responsible for the on-going monitoring of booked assets

Who You Are

Extremely detail oriented, hard worker, seek excellence, can handle multiple things at once, energetic, pro-active and take initiative, write well, ensure accurate calculations in financial models/charts, ask questions, continuously learn from mistakes and don’t make the same mistake twice, put thought into everything you do, aren’t afraid to speak up, review your work before passing it on, format well, ask yourself “does this make sense?”, value accuracy over speed, strive for success, have a growth mindset, make yourself invaluable, recognize all the work that you do forms the basis of what is presented to clients, credit groups and management of CIBC and ultimately drives the success of the bank.

• 2 – 4 years of experience in leveraged finance or investment banking
• Extremely detail-oriented while being able to handle many on-going tasks
• Significant experience developing financial and cash flow models with detailed and justifiable assumptions and down side cases
• Excellent writing and presentation skills with the ability to grasp complex concepts quickly
• Strong grasp of credit analysis, accounting principles and ability to analyze and interpret financial statements
• Ability to analyze data and situations and then develop and communicate well-thought out positions
• Proven ability to contribute to high performance teams
• Willing to work extended hours in a high pressure/high reward environment
• Confidence to interact with other groups in CIBC and with team members at various levels
• Well versed in Excel, Word and PowerPoint

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What CIBC Offers

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $150,000-$170,000 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.

Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.

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-300 Madison Ave., 8th Floor

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Capital Markets, Client Service, Financial Leverage, Financial Markets Analysis, Financial Modeling, Industry Research, Portfolio Analysis, Strategic Objectives