Job Information
CIBC Associate, Portfolio Management, Project Finance & Infrastructure in New York, New York
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)
What You’ll Be Doing
The Associate will be responsible for managing and monitoring the project finance offerings, credit positions, derivative positions and all stages of the project development and funding requests as conditions to draw are met and verified.
Take over the daily and long-term ownership responsibility for a set of SF loans with the number of accounts depending on status and complexity of the transactions (i.e., Agency deals, projects under construction vs operating projects, watchlisted credits, etc)
Detailed monitoring of construction process incl review and coordination of monthly draws internally and externally
Review and evaluation of Borrower Amendment/ Waiver/ Consent requests – preparation of accurate and well analyzed risk analysis/ conclusion within SF and coordination of Credit Application process with Risk Management
Coordinate and execute legal documentation in conjunction with internal credit approval for Amendments etc
Manage Term Conversions (conversion of construction loans to term loans, with tax equity investment), liaising with the bank’s internal departments as necessary.
Represent firms interest externally and internally through restructurings, in the event the need arises. For Agency Deals, support Agency Team in the Amendments process vis a vis syndicate, advisors and customer
Respond to requests from internal and external Auditors and Bank Examiners
Track on time delivery of Borrower’s reporting obligations, coordinate review of Budgets, Op Reports, Financials, Risk Ratings etc with Risk Management
Coordinate and support operational matters (including loan payoffs, syndication process) on designated loans.
Support deal teams for refinancings or new transactions, the execution (including internal process and conduct necessary due diligence) and ensure appropriate closing of the transaction after closing.
Support the PF&I team as necessary on onboarding new clients, preparation of marketing materials, and development of internal policies, rating models and other tools
Assume dedicated responsibility for Head Office- related IT Projects, coordinate interface, trainings and guidance with Project Managers, Support Team and the Portfolio Managers.
You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.
Who You Are
Requires strong work ethic, with attention to detail and creative problem-solving and excellent customer service/relationship skills
Team Player- ability to work in a dynamic team environment where priorities are shifting frequently.
Ability to influence discussions and negotiations with other banks, advisors, and Borrowers.
A Bachelor’s degree is required with a focus in finance or economics. MBA or Engineering background is a plus.
Excellent English language skills with solid technical writing skills (financial & risk assessments).
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of USD$150,000 - 170,000 for the New York, NY 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 also may 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.
Candidates hired to work in other locations will be subject to the pay range associated with that location. Additional total compensation and benefits details will be provided during the hiring process.
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
NY-300 Madison Ave., 5th Floor
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Business Development, Credit Risk Management, Customer Experience (CX), Financial Modeling, Financial Statement Analysis, High Net Worth Individuals, Portfolio Management, Researching
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.