Portfolio Manager

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At CIBC, we embrace your strengths and your ambitions, so you are empowered  team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

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The Portfolio Manager’s 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 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.

• 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)

• 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

• Drives new transactions by leading activities related to New Deals Committee, Prescreen and initial term sheet negotiation. Responsible for the LP prior to submission for credit approval while providing direction to the relationship team.
• Non-credit approval authority up to approved limits

• 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
• Perform loan structuring in support of underwriting and credit approval
• Coordinate onboarding, deposit account opening and TM setup activities
• 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 in coordination with the Relationship Manager

• Consults with the RM on cross-sell opportunities
• Conducts pre-call planning and post-call follow-up

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

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

• Maintain strong partnerships with other business functions/units (i.e. Private Wealth, cross-sell partners and Loan Services)

• As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.

• As a key contributor…