CIBC

Sr. Specialist, Operations Management II

CIBC$90K — $100K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree preferred;
  • 3-5 years of loan closing or related experience in a bank or financial institution;
  • Excellent written and verbal interpersonal skills;
  • Commercial loan documentation knowledge required;
  • Detail-oriented with strong multitasking abilities;
  • Proficient in Microsoft 365 productivity software;
  • Strong critical thinking and problem-solving skills.

Responsibilities

  • Review and approve commercial loan documentation for compliance;
  • Ensure all necessary loan documents are received or waived prior to booking;
  • Confirm proposed transactions comply with Credit Policy;
  • Track and address outside loan exceptions timely;
  • Manage a portfolio of large and mid-sized commercial and real estate loans, including syndicated credits;
  • Support Commercial Loan Lines of Business as part of the centralized Loan Operations Closing Team.

Benefits

  • Hybrid work arrangement with 2-3 days on-site;
  • Comprehensive medical, dental, and vision plans;
  • Health Savings Account;
  • Life and disability insurance options;
  • Paid time off including sick leave, parental leave, and vacation;
  • 401(k) retirement plan;
  • Access to exclusive employee perks and programs.
Full Job Description
What You'll Be Doing

  • Responsible for the receipt, review and approval of Commercial loan documentation that will include Commercial Real Estate documentation relative to conformity with the approved loan presentation.
  • Insure all loan documents have been received, or otherwise waived prior to the loan booking process.
  • The Commercial Loan Coordinator will also make sure that the proposed transaction is in compliance with Credit Policy.
  • The Commercial Loan Coordinator will track outside loan exceptions and will insure that all necessary documents are properly recorded and delivered to the Bank in a timely manner.
  • The loan portfolio will consist of large and mid-sized Commercial loan transactions and Real Estate loan transactions, a large percentage of which will include Syndicated Credits.
  • This position supports the Commercial Loan Lines of Business and is part of the centralized Loan Operations Closing Team.

At CIBC we enable the work environment most optimal for you to thrive in your role.  You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on-site, while other days will be remote.

Who You Are

  • Bachelor’s degree is preferred.

  • 3-5 years of related experience; Loan Closing experience (or similar) in a Bank or Financial Institution environment is required.

  • Excellent interpersonal and collaborative skills (both written and verbal) required

  • Commercial loan documentation and product knowledge required

  • Detail-oriented with ability to multi-task in a fast-paced environment required

  • Strong computer skills including knowledge of Microsoft 365 productivity software required

  • Strong critical thinking and problem-solving skills

  • Ability to effectively balance excellent client service and risk management 

  • Knowledge of CIBC’s loan systems, FIS, ACBS, PCFS, Aspire, an asse

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $90,000 - 100,000 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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Job Location

IL-Chicago, 70 W Madison St Fl 8

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Operations, Customer Service, Operations Management, Prioritization, Quality Assurance (QA), Technical Knowledge

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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