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CIBC · 4 months ago

Commercial Middle Market Underwriter & Portfolio Manager

Chicago, IL

Full-time

Onsite

Senior Level

$120K/yr - $150K/yr

5+ years exp

CIBC is building a relationship-oriented bank for the modern world, seeking talented professionals to contribute to their mission. The Portfolio Manager will be responsible for underwriting and managing client portfolios, ensuring effective risk management and client engagement throughout the banking process.

BankingCredit CardsFinancial Services

Responsibilities

Serve as the client’s primary contact/resource/advocate at the Bank for portfolio related issues/reporting/maintenance or new requests on existing credit

Renewal activities with existing clients – PM leading associated activities with RM input

Remain active and engaged in periodic client calls and visits for assigned portfolio

Maintain Salesforce pipeline on existing clients (draws, increases, paydowns, payoffs)

Loan closing process – responsible for driving the closing process with internal closing team and Portfolio Coordinator

Engage RM as needed; primarily with respect to material changes to negotiated business terms with the client

Work with CIS Relationship Support to update / correct identified data issues

Address upcoming maturities and annual reviews on time; help remediate payment past dues

Ensure all customer financial reporting / covenants are collected on time

Support closing team to ensure collection of outstanding loan document exceptions

Follow up on past due real estate taxes / insurance certificates to clear exceptions

Prepare CAMP reports and quarterly trend cards / reviews

Prepare FAS 114 memo / analysis

Complete quarterly SOX controls and ensure accurate risk ratings at all times for covered portfolio

Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc

Review borrowing base availability and approve loan advances

Coordinate onboarding, deposit account opening and TM setup activities

Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly

Consults with the RM on cross-sell opportunities

Mentor and provide situational training support to Associates and Sr. Associates

Support the GPM by supplying any required data for Credit Review or FRB/FDIC/OSFI during exams (i.e. review of specific credits)

Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services)

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

As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness