CIBC

Commercial Banking Associate - Equipment Finance

CIBC$85K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Degree/diploma in accounting, finance, or related field
  • 1-3+ years of experience in banking or financial services
  • Formal Credit Training completed
  • Proficiency in Salesforce
  • Strong understanding of commercial banking practices

Responsibilities

  • Coordinate transactions from inception to booking
  • Create marketing materials, term sheets, and presentations
  • Assist with pricing and credit approval preparations
  • Manage end-to-end relationship and portfolio servicing
  • Learn and align with CIBC's credit culture
  • Maintain Salesforce client and prospect records
  • Collaborate with asset management and operations on transactions

Benefits

  • Comprehensive Medical, Dental, and Vision coverage
  • Health Savings Account options
  • Life, Disability, and other Insurance Plans
  • Generous Paid Time Off including sick and parental leave
  • 401(k) retirement plan
  • Eligibility for incentive compensation and discretionary bonuses
  • Flexible work arrangements discussed during interview
Full Job Description
What You'll Be Doing

The Equipment Finance Associate works in a dynamic environment alongside Sales, Operations, Asset Management and Management colleagues to originate loans and leases. This candidate will support new business origination, servicing of the existing portfolio of loans and leases, and developing sales materials. This role will cover CIBC Equipment Finance's nationwide business.

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.

How You'll Succeed
  • Coordinate transactions from opportunity inception through booking.
  • Create marketing materials, term sheets, and market presentations
  • Assist with pricing, credit approval preparation, document negotiation
  • Support end-to-end relationship management including portfolio servicing and payoff requests
  • Learn the credit culture of CIBC Bank USA in order to present appropriate credits for approval
  • Maintain Salesforce pipeline and client/prospect records
  • Engage with asset management and operations in the execution and original transactions as well as ongoing portfolio maintenance


Who You Are
  • You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
  • You're driven to succeed. You're motivated by accomplishing your goals and delivering your best to make an impact.
  • You have a degree/diploma in accounting, finance, or a related field. Minimum of 1-3+ years of experience in within the banking or financial services industry.
  • Formal Credit Training completed


At CIBC, we offer a competitive total rewards package. This role has an expected salary range of$85,000 - $110,000for 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.

#LI-TA

Job Location
IL-120 S LaSalle St

Employment Type
Regular

Weekly Hours
40

Skills
Commercial Banking, Credit Training

About CIBC

The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank is headquartered at Commerce Court in the city's Financial District. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT. It is one of two Big Five banks founded in Toronto, the other being the Toronto-Dominion Bank. The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, the largest merger between chartered banks in Canadian history. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom; Globally. CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.
Learn more about CIBC
Market Cap
$43.5 billion
Industry
Founded
1867
5 Year Trend
+8.8%

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