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

Client Sales

• 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)

Client Onboarding/Closing

• 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

Client Portfolio Maintenance

• 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

Client Penetration/Cross Sell

• Consults with the RM on cross-sell opportunities

Management Responsibilities and Team Training

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

Risk Management

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

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 completed 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 - 190,000 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.

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