Senior Portfolio Consumer Underwriter

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 Portfolio Consumer Underwriter (Underwriter III), you will play a key role in reviewing and approving real estate secured and unsecured consumer lending applications. As an experienced credit professional responsible for independent underwriting, you will focus on complex self employed loans for high-net-worth commercial and private wealth clients. You will apply independent judgment within established guidelines, standards, polices, and procedures to assess credit, financials. As a senior underwriter you will also serve as a resource to junior underwriters and be recognized as a subject matter expert on credit structuring.

How You’ll Succeed

• Comprehensive Credit Analysis: Evaluate portfolio real estate and non-real estate transactions, assessing financial documentation, cash flow modeling, assets, liquidity strength, collateral, and potential total exposure risks. This includes commercial business tax returns, capital gains/losses, foreign lending income and documents, and alternative lending structures

• High-Quality Decision-Making: Produce Portfolio Credit Summary Packages, Material Amendments, Modifications, and other credit requests in a timely and accurate manner.
  Effective Risk Assessment: Ensure underwriting decisions align with the bank’s guidelines, risk appetite, policies, and consumer laws and regulation requirements while providing sound judgment on credit approvals.

• Strong Written Communication: Craft detailed underwriting narratives that clearly present credit rationale, risk assessment, and evaluation results.

• Collaboration & Stakeholder Engagement: Work closely with Mortgage Bankers, Private Bankers, Loan Processors & Closers, Group Portfolio Managers, and Senior Management to ensure seamless transactions.

• Market Awareness & Compliance: Stay updated on market conditions, industry regulations, and consumer lending laws to maintain compliance and adapt to evolving guidelines.

• Community Involvement: Complete at least five CRA volunteer hours annually, contributing to the bank’s commitment to community engagement.

Who You Are

• Experienced in Underwriting: You have 10 years of manual underwriting experience with focus on portfolio residential lending products and a strong grasp of risk assessment for high-net-worth clients.

• Skilled in Financial Analysis: You can analyze financial statements, credit reports, assets, and liabilities with expertise in cash flow modeling and self-employed borrower assessments.

• Detail-Oriented & Organized: You thrive in fast-paced, deadline-driven environments, effectively managing multiple tasks while maintaining accuracy.

• Effective Communicator: You excel at verbal and written communication, clearly presenting complex financial and credit information to stakeholders, including assisting with procedural updates, and presentation materials for training.

• Technology-Proficient: You have working knowledge of industry tools and systems like Encompass, MeridianLink, MS Suite (excel, word, teams)  products, and OutLook.

• Regulatory Knowledge: You have a strong understanding of federal and state lending regulations, ensuring compliance with consumer protection laws.

• Customer-Focused & Collaborative: You build strong relationships with internal partners, providing exceptional service while ensuring sound underwriting decisions.

What Success Looks Like

• Timely and accurate underwriting decisions that support business growth while maintaining c