Commercial Banking Senior Portfolio Manager/Portfolio Manager - Underwriter

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JOB PURPOSE 

The Sr. Portfolio Manager primary purpose is to ensure objectives related to credit underwriting and internal portfolio management are met, in addition to supporting the workflow of the Commercial Team of RMs and commercial lending associates. This position will provide approval within established guidelines for daily credit/portfolio administrative activity.

KEY ACCOUNTABILITIES / RESPONSIBILITIES

The Sr. Portfolio Manager will be responsible for but not limited to the following activities. Primary responsibilities for this position will be that of Underwriting and Portfolio Management and  execution of 1A risk management activities in a manner consistent with CIBC’s risk culture.

Client Sales

• Serve as the client’s primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit

• Renewal activities with existing clients – PM leading associated activities with RM input

• Remain active and engaged in periodic client calls and visits for assigned portfolio

• Maintain Salesforce pipeline on existing clients (draws, increases, paydowns, payoffs)

Client Onboarding/Closing

• Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator

• Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client

Client Portfolio Maintenance

• Work with CIS Relationship Support to update / correct identified data issues

• Address upcoming maturities and annual reviews on time; help remediate payment past dues

• Ensure all customer financial reporting / covenants are collected on time

• Support closing team to ensure collection of outstanding loan document exceptions

• Follow up on past due real estate taxes / insurance certificates to clear exceptions

• Prepare CAMP reports and quarterly trend cards / reviews

• Prepare FAS 114 memo / analysis

• Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio

• Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.

• Review borrowing base availability and approve loan advances

• Coordinate onboarding, deposit account opening and TM setup activities

• Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.

• Review borrowing base availability and approve loan advances

• Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly

• Remain active and engaged in periodic client calls and visits for assigned portfolio

• Renewal activities with existing clients – PM leading associated activities with RM input

• Has direct client contact in performing responsibilities as needed

Client Penetration/Cross Sell

• Consults with the RM on cross-sell opportunities

Management Responsibilities and Team Training

• Mentor and provide situational training support to Associates and Sr. Associates

Risk Management

• Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits)

CROSS-FUNCTIONAL RELATIONSHIPS

• Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services)

RISK & COMPLIANCE

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments.  We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk cultur