What are the responsibilities and job description for the Commercial Real Estate Analyst - Underwriting position at CIBC?
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.
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What you'll be doing
As a member of CIBC’s Commercial Real Estate team, you'll work in a fast-paced environment where you'll make a meaningful difference in our clients' lives. As an Analyst, you will be responsible for supporting the review and accuracy of all financial statements received. You'll foster key relationships with clients, Asset Managers and Client Managers.
The Analyst will be participating in weekly meetings with Asset Managers to discuss their respective loan portfolio to ensure past due covenants are near acceptable Bank levels. The Analyst will work closely with clients to obtain any and all past due financial statements that are due. The role will consist of maintaining weekly reporting which is distributed to the team. The role provides specialized advice and guidance on company policy, procedures, and security value estimates, resolving basic problems within the scope of their job.
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 - 4 days per week on-site, while other days will be remote.
How you'll succeed
- Client Engagement - Requesting quarterly financial statements from clients. Keeping client information confidential. Being responsive to clients requests in a timely and efficient manner.
- Analytical - Gather, review and assess all financial information and documentation.
- Relationship building - Engage in weekly meetings with Asset Managers on the status of their portfolio and handle all client requests of financial statements.
- Risk- Assessment- Review and make considered recommendations to Asset Manager or Client Manager where financial statements are received but may be incomplete or out of compliance.
- Agile - Manage high work volumes to meet short time lines with a high level of quality and due diligence.
Who you are
- You can demonstrate experience in dealing with real estate clients and their loan portfolios. You have excellent proficiency with computer software such as Microsoft Word, Excel, PowerPoint and SharePoint. You have the ability to analyze client's balance sheet, cash flow, risk tolerance and financial objectives to propose a customized, complex credit structure that meets the client's needs and falls within the Bank's risk parameters.
- You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
- You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
- You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information with impact.
- You're digitally savvy. You seek out innovative solutions and embrace evolving technologies.
- Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
- You have a degree/diploma in Finance, Accounting or Economics (Preferred)
- Minimum of 1 - 3 years of underwriting experience (preferred)
- You can demonstrate experience in understanding of the high net worth and ultra-high net worth client profile and typical product offerings, have the ability to structure credit solutions for HNW and UHNW clients with complex balance sheets and cash flows, have knowledge of federal and state regulatory requirements and have strong knowledge of complex personal and business financial analysis, tax returns and balance sheet analysis, including cash flow analysis.
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 culture. This includes:
- Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls
- At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals
- Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
- Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings
- Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls
- Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders
- Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $61,500 - $72,000 for the 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.
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At CIBC, your goals are a priority. We start with your strengths, ambitions and strive to create opportunities to tap into your potential.
What you need to know
- CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contactMailbox.careers-carrieres@cibc.com
- You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
- We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Expected End Date
2025-12-30
Job Location
IL-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Communication, Critical Thinking, Due Diligence, Prioritization, Taking Initiative, TeamworkSalary : $61,500 - $72,000
