Senior Debt Products Manager: Commercial Real Estate Underwriter

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.

Check you match the skill requirements for this role, as well as associated experience, then apply with your CV below.

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 primary purpose of the position is to ensure objectives related to credit underwriting for new loan origination activities.

The position is responsible for producing consistent new deal underwriting which analyzes, presents and ultimately mitigates risk for any new credit that is being recommended for approval by US CRE.

The position is ultimately accountable for all material presented throughout the loan origination life-cycle. The position will work in close collaboration with their assigned Client Management, Asset Management and Debt Products teams.

The role has both external and internal responsibilities including direct engagement with Syndications and Capital Markets, amongst others.

The position will have direct borrower interaction and will be responsible for maintaining the client-focused nature of the CRE business.

• Developing expertise in all aspects of the credit life cycle (i.e. underwriting, loan presentations, closing, etc.)
• Accountable for accuracy of loan approval documents prepared
• Prepare materials presented for pre-screen by assigned Client Management (CM) team
• Exercise non-credit approval authority up to approved limits
• Stay current on industry / market conditions, ensuring policies, procedures, standards, and guidelines (identification of emerging issues) remain up to date and adjust or recommend changes to procedures and standards as appropriate
• Recommend appropriate risk ratings in collaboration with DP Team Lead
• Understand CIBC appetite / limit capacity for deal-specific attributes including business execution, security, HVCRE, etc.

How You’ll Succeed

Compliance You will participate in the loan administration processes in place by conducting renewals and annual reviews of various credits.

Comply with all applicable Bank and industry policies, guidelines and controls, including ensuring that all mandatory training is completed.

• Risk Management You will gather, review and critically assess third-party due diligence reports on a property, such as property assessments, environmental assessments, property fitness assessments and construction cost consultant reports.
• Coordination You will be the liaison between the central credit department (CPS) and the Client Managers. You will also act as a liaison between Collateral Analysts (CMA), Client Managers and clients in the preparation of letters of credit, Visa Enterprises etc.
• Experience - The ideal candidate will have a minimum of 4 years' experience underwriting deals within the commercial real estate vertical.

Who You Are

• You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
• You love to learn. You're passionate about growing your knowledge, and you know that there is no limit to what you can achieve.
• 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 in an impactful way.
• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• You have a degree / diploma in Business Administration, Finance or Property Management.
• Values matter to you. You bring your real self to work, and you live our values accountability.

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.

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 [email protected].

• 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, French proficiency, 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, 11th Fl

Employment Type

Regular

Weekly Hours

Skills

Asset Management, Documentations, Due Diligence, Financial Statements, Lending, Real Estate, Underwriting

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