Commercial Real Estate - Asset Manager

Commercial Real Estate Asset Manager

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.

The role is a professional responsible for managing a portfolio of commercial real estate loans. This position will support efforts regarding continued development and evolution of asset management based on market conditions and will work in close collaboration with assigned Client Managers ("CM"), Market Leads ("ML") and Group Heads ("GH") as well as their Regional Group Portfolio Manager ("RGPM") and / or Group Portfolio Manager ("GPM") as applicable. The Asset Manager is a client facing role whose primary purpose is to ensure objectives related to asset management and portfolio maintenance, including some new business activities. GPM actively oversees their assigned loan portfolio while AM performs ongoing due diligence and financial and risk analysis of the portfolio's underlying assets. The AM is accountable for all material presented in a post-closing loan life cycle for their assigned portfolio. The role has both external and internal responsibilities, including direct engagement with Syndications and Capital Markets, amongst others. The AM will also have direct client interaction and will be responsible for maintaining our client-focused nature within the CRE business.

How You'll Succeed :

• Interacting with cross-vertical CRE Deal Team members after a new loan closes to assure optimal client experience
• Ensuring all customer financial reporting / covenants are collected on time and monitored for assigned transactions
• Complete analysis and documentation to achieve credit actions (e.g., renewals, waivers, modifications, annual reviews) for assigned portfolio
• Function as a resource for GPM Team Lead and / or RGPM in preparation for any portfolio review related meetings and actively communicate knowledge of the risk points within the portfolio
• Recommend appropriate risk ratings for assigned credits in collaboration with GPM and / or RGPM
• Conduct site visits and work to gain market expertise in locations where the bank has large exposure or growing exposure
• Be engaged and informed of pipeline as deals progress through the underwriting and closing process
• Participate in industry events to keep current market knowledge and client relationships
• Escalate potential asset quality outside of risk appetite or any noteworthy risk profile trends to RGPM and / or GPM
• Serve as client contact / resource / advocate at the Bank for portfolio-related issues / reporting / maintenance or new requests on existing credit as well as renewal activities with existing clients ensuring the Deal Team(s) remain informed of all activities
• Remain active and engaged in periodic client calls and visits as appropriate and agreed to by any combination of the RGPM, GPM, ML, and CM
• Provide proper materials and submissions as needed to support the HPA in response to regulators and auditors - internal and external
• Ensure that the policy, procedure and reference material which govern loan originations and closings are appropriately followed
• Support the RGPM, HAM, GPMs & HPA by supplying any required data for Credit Review or FRB / FDIC / OSFI during exams (i.e., review of specific credits)

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.

Who You Are :

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $135,000 - $155,000 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.

What CIBC Offers

What you need to know

Job Location : IL-120 S LaSalle St, 11th Fl

Employment Type : Regular

Weekly Hours : 40

Skills : Analytical Thinking, Asset Management, Bank Regulations, Client Calls, Commercial Real Estate, Credit, Credit Risk Management, Credit Risks, Financial Products, Loan Closings, Negotiation, Portfolio Management, Results-Oriented