Job Information
CIBC Associate or Senior Associate, Asset Based Lending - CIBC Commercial Banking - Montreal -Bilingual in Montréal, Quebec
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
Operating under a national mandate, the Asset Based Lending team provides solutions to mid-market and corporate clients in a diversified set of Canadian industries. This position will be located in the Montreal office, primarily covering a portfolio of clients and evaluating new opportunities within the province of Quebec and in Atlantic Canada.
CIBC’s Asset Based Lending (ABL) team provides clients with specialized loan facilities, in the range of $15 million to $350 million, secured by accounts receivables, inventory and fixed assets where its asset-focused structures provide greater flexibility than traditional credit models for collateral rich companies. ABL is specifically well suited for highly levered, seasonal, cyclical and commodity-based businesses with growing working capital assets, as well as businesses with rapid sales growth, recapitalizations, mergers and acquisitions, restructurings and turnarounds.
As an Associate or Senior Associate with the Asset Based Lending team, you will partner with other team members in preparing and assisting in presentations of financing proposals to prospective clients, underwriting new credit transactions, assist with the appropriate documentation for accepted credit proposals, negotiations and closing, and assisting in the portfolio management of the existing loan book.
At CIBC we enable an inclusive and optimal work environment 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.
How you’ll succeed
Client First – You will attend discussions with client management in order to assess client’s financing needs. Perform comprehensive financial/non-financial analysis and risk assessment of credit proposals. Assist in preparation of financing proposals (structuring terms and conditions including security, covenants and pricing) to properly reflect and compensate CIBC for assessed risk. Prepare draft recommendations on credit submissions to present to senior management. Assist with comprehensive due diligence on all transactions. Prepare credit memoranda and other credit correspondence in a well thought out, thorough and efficient manner and in accordance with policies and procedures.
Relationship Building – Develop good relations with internal customers, external customers and general industry contacts to generate new referrals and business opportunities and to maintain a window on the market.
Collaboration – Partner with your team to connect clients with opportunities. Monitor and supervise a portfolio of senior debt accounts. Manage relationships with borrowers and Relationship Managers. Monitor account performance and industry trends. Maintain a proactive approach to continuous risk assessment and report observations. Assist in negotiation of terms and conditions of proposals.
Who you are
You have a diploma/degree in in finance, accounting or business administration (You have your BBA or MBA). Other financial designations considered an asset (i.e. CA, CBV, CMA, CFA etc.).
You have 2-5+ years of professional experience in a commercial credit environment. Excellent financial modeling and accounting skills. You understand lending policies, procedures and practices, credit assessment and structuring, and industry and competitive analysis.
Business acumen. You have working knowledge of commercial lending, including a focus on specialized senior lending products (i.e. ABL, structured/acquisition financings, loan syndication) and other CIBC group core products and services. Knowledge of business, legal, tax, banking and regulatory framework affecting financial requirements of customers is a plus. You have excellent written and verbal communication skills in English and French, with the ability to present financial information to clients.
Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
You're fluent in French and English to serve our clients in the community.
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, defined benefit pension plan, an employee share purchase plan, 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, French proficiency, 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
Mont-1155 Rene Levesque, 3rd
Employment Type
Regular
Weekly Hours
37.5
Skills
Analytical Thinking, Business Development, Client Service, Financial Advising, Lending, Portfolio Management, Results-Oriented
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.
