Senior Portfolio Manager
Canadian Imperial Bank of Commerce, Chicago, Illinois, United States, 60290
The Sr. Portfolio Manager primary purpose is to ensure objectives related to credit underwriting and internal portfolio management are met, in addition to supporting the workflow of the Commercial Team of RMs and commercial lending associates. This position will provide approval within established guidelines for daily credit/portfolio administrative activity.The Sr. Portfolio Manager will be responsible for but not limited to the following activities. Primary responsibilities for this position will be that of Underwriting and Portfolio Management and
execution of 1A risk management activities in a manner consistent with CIBC’s risk culture.*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.***What You'll Be Doing*** 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* Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.* Review borrowing base availability and approve loan advances* Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly* Remain active and engaged in periodic client calls and visits for assigned portfolio* Renewal activities with existing clients - PM leading associated activities with RM input* Has direct client contact in performing responsibilities as needed**Management Responsibilities and Team Training** **Who You Are** * **You have 10+ years of demonstrated experience in** underwriting, structuring, loan closing, documentation, and portfolio management* **You have demonstrated experience with** credit expertise within a specific commercial banking industry or vertical* **You have strong technical skills** and well versed in all key systems, applications, and models used* **You have c****ompleted** a Commercial Banking Training Program or equivalent*At CIBC, we offer a competitive total rewards package. This role has an expected salary range of$180,000 - 190,000for 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.** 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.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. #J-18808-Ljbffr
execution of 1A risk management activities in a manner consistent with CIBC’s risk culture.*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.***What You'll Be Doing*** 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* Respond to approval requests for overdrafts, manual wires, NSF wires, ACH suspensions, etc.* Review borrowing base availability and approve loan advances* Review pricing grid / tickler reports to ensure pricing and fees have been applied / adjusted correctly* Remain active and engaged in periodic client calls and visits for assigned portfolio* Renewal activities with existing clients - PM leading associated activities with RM input* Has direct client contact in performing responsibilities as needed**Management Responsibilities and Team Training** **Who You Are** * **You have 10+ years of demonstrated experience in** underwriting, structuring, loan closing, documentation, and portfolio management* **You have demonstrated experience with** credit expertise within a specific commercial banking industry or vertical* **You have strong technical skills** and well versed in all key systems, applications, and models used* **You have c****ompleted** a Commercial Banking Training Program or equivalent*At CIBC, we offer a competitive total rewards package. This role has an expected salary range of$180,000 - 190,000for 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.** 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.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. #J-18808-Ljbffr