Senior Accountant - Controllership

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 Senior Accountant is an accounting position that reports to the U.S. Region Senior Manager, Credit Control. This role will serve as a primary contributor and key point of contact for the Equipment Finance (“EF”) and Credit (Lending) business units. As a member of the U.S. Finance team, the Accountant III will be responsible for accounting, reporting, and maintaining internal controls related to the Equipment Finance and Credit business.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 3 days per week on-site, while other days will be remote.

How you'll succeed

• Equipment Finance

  • Review loan vs lease classification for any new deal

  • Review operating vs financing lease for all new leases

  • Perform control function of ensuring lease/loan schedule reviewed by Finance are properly set up in Aspire

  • Perform journal entries for cash movements that impact EF customers, fundings to the EF entity, finding new leases/loans

  • Perform monthly EF GL reconciliations and verification of syndication revenues

  • Perform SOX control functions for controls that reside within Finance for EF

• Credit

  • Prepare GAAP and IFRS entries to record the monthly provision for loan losses.

  • Prepare GAAP and IFRS entries related to allowance for credit losses.

  • Perform monthly and quarterly analysis over credit-impaired loans.

  • Perform SOX control functions for controls that reside within Finance for the Credit team.

  • Perform monthly Credit account GL reconciliations.

  • Prepare quarter and year-end reporting documents for use in the consolidated financial statements.

Who you are

• Bachelor’s degree in Finance or Accounting

• 3-5 year business related experience

• Financial Services experience a plus.

• Working knowledge of US GAAP, particularly related to lease accounting

• Ability to develop and maintain close working relationships with internal stakeholders

• Excellent oral and written communication skills

• Strong organizational skills, including ability to prioritize multiple simultaneous tasks

• Attention to detail while demonstrating the ability to think critically and see the big 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

At CIBC, your goals are a priority. We start with your strengths and ambit