Sr Associate, Commercial Real Estate

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 Debt Products Senior Associate primary purpose is to ensure objectives related to credit underwriting for new loan origination activities are met.  The Debt Products Senior Associate is responsible for producing consistent new deal underwriting which analyzes, presents and ultimately mitigates risk for any new credit that is being recommended for approval by  US CRE. The position is ultimately accountable for all material presented throughout the loan origination life-cycle, in New Deals Committee, Prescreen, and Loan Presentations. The Debt Products Senior Associate will work in close collaboration with their assigned Client Management Regional Head, Market Leads and Group Heads, Asset Management team  and  DP Team Lead and/or DP Region Head  in various capacities, throughout the loan life-cycle.   The role has both external and internal responsibilities including direct engagement with Syndications and Capital Markets, amongst others. The Debt Products Senior Associate will have direct Borrower interaction and will be responsible for maintaining the client-focused nature of the CRE business. 

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. Only local candidates in the Chicago, IL area or willing to relocate will be considered.

How You'll Succeed

Underwriting/Credit Approval/Loan Closing

• Developing expertise in all aspects of the credit life cycle (i.e. underwriting, loan presentations, closing, etc.)

• Accountable for accuracy of loan approval documents prepared

• Accountable for accurately entering data in Closer

• Prepare materials  presented for pre-screen by assigned Client Management (CM) team

• Present request at pre-screen and field questions

• Stay current on industry/market conditions, ensuring policies, procedures, standards, and guidelines (identification of emerging issues) remain up to date and adjust or recommend changes to procedures and standards as appropriate

• Recommend appropriate risk ratings in collaboration with DP Team Lead

• Understand CIBC appetite/limit capacity for deal-specific attributes including business execution, security, HVCRE, etc.

• Ensure loan documentation deal points align with Loan Presentation on new transactions

• Lead loan closing checklist calls and be a key point of contact for client

Risk Management

• Work with DP Team Lead on evolving trends in Commercial Real Estate with collaboration from the assigned Asset Manager. Ensure that the policy, procedure and reference material which govern loan originations and closings are appropriately followed

• Provide appropriate materials and submissions as needed to support the HPA in response to regulators and auditors – internal and external

• Ensure that the HDP has the appropriate materials and submissions as needed to support regulatory filings

• Respond to second line challenge of line of business risk identification and review and provide input to materials generated for risk identification processes (e.g. risk self-assessments, minutes, and decks)

• Escalate data incident reports and ensure information is captured accurately (including root cause, impact, and control analysis)

Who You Are

• You have 3+ years of demonstrated experience in underwriting, structuring, loan closing, documentation, and portfolio management

• You have developed knowledge of regulatory expectations and industry