Senior Accountant, U.S. Region – Equipment Finance & Credit

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

As a Senior Accountant reporting to the U.S. Region Senior Manager, Credit Control, you will play a pivotal role within CIBC’s U.S. Finance team. You will act as a primary contributor and key liaison for the Equipment Finance (“EF”) and Credit (Lending) business units. Your responsibilities will span accounting, financial reporting, and the maintenance of robust internal controls supporting these business lines.

At CIBC, we are committed to providing a work environment where you can thrive. This role offers a flexible hybrid work arrangement, with three days per week onsite and the remainder remote, empowering you to achieve your best work-life balance.

How You’ll Succeed

Equipment Finance

• Review and classify new deals as loans or leases, and determine operating versus financing lease status for all new agreements.

• Ensure accurate setup of lease and loan schedules in Aspire, acting as a key control function within Finance.

• Prepare and post journal entries for cash movements affecting EF customers, entity fundings, and new leases/loans.

• Complete monthly general ledger reconciliations and verify syndication revenues for EF.

• Execute SOX control activities for EF-related processes within Finance.

Credit

• Prepare GAAP and IFRS journal entries for monthly loan loss provisions and allowance for credit losses.

• Conduct monthly and quarterly analysis of credit-impaired loans.

• Execute SOX control activities for Credit team processes within Finance.

• Perform monthly general ledger reconciliations for Credit accounts.

• Compile quarterly and year-end reporting documents for consolidated financial statements.

Who You Are

• You have a Bachelor’s degree in Finance or Accounting.

• You possess 2–5 years of relevant business experience; financial services experience is an asset.

• You are proficient in US GAAP, with a strong understanding of lease accounting principles.

• You bring proven ability to develop and maintain effective working relationships with internal stakeholders.

• You portray exceptional verbal and written communication skills.

• You are highly organized, with the ability to prioritize multiple tasks and meet deadlines.

• You show strong attention to detail, complemented by critical thinking skills and the ability to see the broader picture.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $90,000 - $125,000K for the Chicago, IL 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 may also 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.

This position does not offer visa sponsorship.

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What CIBC Offers

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