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Associate, Portfolio Management, Project Finance & Infrastructure

CIBC
New York City, United Statesfull_timeVerifiedPosted 9 Dec 2024

About the role

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 Associate will be responsible for managing and monitoring the project finance offerings, credit positions, derivative positions and all stages of the project development and funding requests as conditions to draw are met and verified.

  • Take over the daily and long-term ownership responsibility for a set of SF loans with the number of accounts depending on status and complexity of the transactions (i.e., Agency deals, projects under construction vs operating projects, watchlisted credits, etc)

  • Detailed monitoring of construction process incl review and coordination of monthly draws internally and externally

  • Review and evaluation of Borrower Amendment/ Waiver/ Consent requests – preparation of accurate and well analyzed risk analysis/ conclusion within SF and coordination of Credit Application process with Risk Management

  • Coordinate and execute legal documentation in conjunction with internal credit approval for Amendments etc

  • Manage Term Conversions (conversion of construction loans to term loans, with tax equity investment), liaising with the bank’s internal departments as necessary.

  • Represent firms interest externally and internally through restructurings, in the event the need arises. For Agency Deals, support Agency Team in the Amendments process vis a vis syndicate, advisors and customer

  • Respond to requests from internal and external Auditors and Bank Examiners

  • Track on time delivery of Borrower’s reporting obligations, coordinate review of Budgets, Op Reports, Financials, Risk Ratings etc with Risk Management

  • Coordinate and support operational matters (including loan payoffs, syndication process) on designated loans.

  • Support deal teams for refinancings or new transactions, the execution (including internal process and conduct necessary due diligence) and ensure appropriate closing of the transaction after closing.

  • Support the PF&I team as necessary on onboarding new clients, preparation of marketing materials, and development of internal policies, rating models and other tools

  • Assume dedicated responsibility for Head Office- related IT Projects, coordinate interface, trainings and guidance with Project Managers, Support Team and the Portfolio Managers.

  • You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.

Who You Are

  • Requires strong work ethic, with attention to detail and creative problem-solving and excellent customer service/relationship skills

  • Team Player- ability to work in a dynamic team environment where priorities are shifting frequently.

  • Ability to influence discussi

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Company

CIBC

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