Associate, Asset Based Lending

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.

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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 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+ 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-bas