Associate, Asset-based Lending

5 months ago

Toronto, Canada CIBC Full time

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

What You’ll Be Doing

Based in Toronto and operating under a national mandate, CIBC’s Asset-Based Lending group (“CIBC ABL”) provides clients with customized loan placements secured by accounts receivable, inventories and fixed assets. Operating individually or as the Lead Bank in a larger syndicate, CIBC ABL concludes funding’s for a wide variety of Canadian industries where its asset-focused structures provide greater flexibility than typical credit models for collateral rich companies. As an Associate, Asset Based Lending you will partner with other Asset based lending team members, prepare and assist in presentations of financing proposals to client, and assist with appropriate documentation for accepted credit proposals, negotiations and closings.
- 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
- Client First
- You will attend discussions with client management (executive, financial and operational) 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 and investment proposals 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.
- Business acumen - Actively be involved with execution of an appropriate sell-down strategy for syndicated transactions. Duties performed on syndicated transactions include preparing information memorandums and other pertinent market information, approaching and negotiating with potential participants, assisting with legal documentation and closing.

Who You Are
- You have a diploma/degree in in finance, accounting or business administration (BCom/BBA). Other financial designations considered an asset (i.e. CA, CBV, CMA, CFA etc.).
- You can demonstrate experience in commercial or corporate credit (2+ years), preferably in a transaction execution role. Previous experience in an asset-based lending role would be a definite asset. Proven financial analysis and credit skills with the ability to identify key transactions risks and potential mitigation. Well-developed financial modeling skills. Good understanding of the Asset-Based Lending product, marketplace and loan structuring. You have a good understanding of corporate finance and ability to evaluate and understand complex capital structures.
- Values matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.

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 knowYou need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.Job Location

Toronto-81 Bay, 10th Floor

Employment Type

Regular

Weekly Hours

37.5

**Skills**:
Analytical Thinking, Business Development, Client Relationship Management, Financial Advising, Lending, Portfolio Management, Results-Oriented

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