Job Description: As an Associate, Underwriting, you will be involved with all aspects of underwriting, managing and reporting on client accounts. Your role will include, regular monitoring of a portfolio of Innovation Banking loan accounts to ensure compliance with all agreed terms, analyzing due diligence results to validate lending eligibility, preparing credit applications and other credit correspondence, analyzing borrowers’ financial condition and account status, actively assisting with the negotiating of legal documentation. You will also maintain ongoing relationships with an assigned portfolio of accounts. You will work closely with the sales team to develop your skills for a career path in business development. Job Responsibilities: Proactively assess your clients’ needs and propose solutions to deliver to meet those needs. Provide continued partnership and support to your clients through understanding there goals and objectives. Appropriately address borrowers’ requests in a timely manner and ensure that any related credit applications are completed accurately and in a timely manner. Assist the relationship manager to prepare strong financing proposals (structuring terms and conditions including security, covenants and pricing) that properly reflect and compensate CIBC for assessed risk. Prepare draft recommendations on credit submissions and investment proposals to present to senior management and take point on answering any questions or addressing comments. Lead comprehensive due diligence on all transactions, including negotiating credit legal documentation and preparing credit memoranda and other credit correspondence in a well thought out, thorough and efficient manner. Provide management with information on accounts, proactively report on problems or issues, complete reviews and present analysis on borrowers’ financial condition. Conduct daily business credit card underwriting to drive business growth and mitigate the credit risk. Work with the Business Development team throughout the underwriting process for new transactions, complete credit correspondence, review documentation, set up reporting, etc. Job Requirements: The position requires deep expertise in commercial loan underwriting, particularly over small business portfolios. Experience in underwriting small business credit is a plus. Requires 3+ years of strong and direct experience in commercial credit analysis, commercial. The ability to conduct credit analysis to underwrite a business credit lines utilizing both traditional financial information and small business behavior characteristics is required. Understanding the venture capital / start up ecosystem is a plus. Must be able to work independently and quickly gain a thorough knowledge of CIBC’s retail banking operations. BS/BA Degree in Finance, Statistics, Math or Economics; MBA a plus, CFA a plus Prefer deep experience from a large financial institution that has credit product offering to small business. Job Details: Company: CIBC Vacancy Type: Full Time Job Location: Minneapolis, MN, US Application Deadline: N/A Apply Here vacanciesforyou.net
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