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 (https://www.cibc.com/en/about-cibc.html)
The role is responsible for managing a portfolio of mid-market business relationships with the team, as part of a training and development role designed for candidates interested in pursing a career in Commercial Banking. The role utilizes diverse methods and skills to deliver excellence every day with consistently great technology and service, conducting client reviews to identify opportunities to further assist the client. The role makes decisions on moderately complex issues, ensuring that the administrative processing of loan, credit or deposit accounts is completed, including signing authorities, non or negotiable securities, and any special arrangements. The role works with limited guidance to determine approaches to work projects, tracking and monitoring financial performance and preparing profitability reports as required.
What You Will Be Doing
We are seeking an Associate to join the Healthcare Lending team. This role supports portfolio management of the existing Healthcare Lending business, evaluation of new lending opportunities, market and industry research, and maintenance of strong client relationships. The successful candidate will have a post-secondary degree in finance, business or a related field, strong analytical and organizational skills, and excellent written and verbal communication abilities. Prior experience in healthcare lending or commercial lending is considered an asset.
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.
How You'll Succeed
Analyze and opine on the financial statements of borrowers and prospects, evaluating their overall condition and viability using CIBC's financial models.
Engage with clients and prospects to collect routine information and address ongoing portfolio management requirements.
Prepare loan presentations and credit approval documentation for all required credit actions
Complete risk analyses of borrowers and prospects using the CIBC risk rating model
Manage CIBC's client relationship database for existing transactions and future prospects
Develop skills to appropriately structure deals including setting covenants and reporting requirements
Conduct market research comparing clients to local market peers
Who You Are
You have 3+ years of demonstrated experience in Commercial Banking
You have developed knowledge of regulatory expectations and industry best practices in risk management
You are a strong team player and able to work with productively with colleagues towards common goals
You have excellent written and verbal communication skills
You are a strong analytical and problem solving skills
You are results oriented with a high degree of attention to detail
Formal Credit Training
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $75,000 - $90,000 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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What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
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 contact Mailbox.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.
Job Location
IL-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Business, Credit, Financial Modeling, Health Care
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
