Sr. Team Lead, Operations Management

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

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:                               

To assess and mitigate the development/construction risk of CIBC’s Real Estate floating rate lending activities by proactive pre-closing due diligence and ongoing loan administration throughout the loan term, and report to Executive Director to advise and consult in connection with deal specifics, compliance, and concerns.

How you'll succeed:

 Administrative & Construction Due Diligence

• Analyze and mitigate risk resulting from the development, construction, operational and administrative aspects of the proposed loan transaction.
• Review transaction structure for compliance with credit approval and consistency with operating procedures.
• Review loan documentation for compliance with credit approval and the inclusion of effective administrative controls
• Establish insurance and surety bonding requirements and confirm compliance
• Liaison with CIBC Real Estate Loan Syndication group and participant banks with due diligence documentation
• Determine and establish required escrows for taxes, insurance, leasing, replacement, etc.
• Supervise Analyst/Associate’s review of initial disbursement for loan closing.

On-going Administration

• Supervise Analyst/Associate’s review of ongoing requests for disbursement of loan proceeds and escrowed funds.
• Compile and analyze ongoing project information for compliance with credit approval, legal documentation and underwriting assumptions
• Liaison with CIBC Real Estate Loan Syndication group and participant banks regarding progress
• Analyze Borrower’s request for funds
• Provide early warnings on budget and construction schedule issues. 

Operation and Management

• Provide oversight of Analyst/Associate’s recording, tracking and follow-up of critical loan dates
• Provide oversight of Analyst/Associate’s filing of loan documentation
• Report to Executive Director for accountability, status updates, concerns, and/or breaches.

MAJOR CHALLENGES/PROBLEMS

• Management and assimilation of the tremendous volume of information which a real estate construction/development project loan generates

IV.    DECISION MAKING AUTHORITY

• Recommend approval of loan and escrow disbursements, including the initial loan funding at loan closing

QUALIFICATIONS

      Minimum

• Knowledge of the legal, financial, construction, business and managerial aspects of real estate banking.
• Skills in computer analysis utilizing EXCEL and WORD
• BA or BS in Business, Finance, Real Estate, Architectural, Engineering or Construction Management
• Two to five years experience in real estate finance with a commercial bank, mortgage lender, investment bank, equity fund or major development company
• Travel availability to attend periodic project meetings and site inspections 

Desirable but not essential

• Skills in computer programs applicable to construction/development (scheduling, lease analysis, database)

What CIBC offers:

At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s
unique talents, and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:

• Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.
• Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.
• Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.
• Prosper: Share in our collective succes