Senior Collateral Analyst

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 CIBC.com

What You’ll Be Doing

CIBC Asset-Based Lending (“CIBC ABL”) is the asset-based lending unit of CIBC Commercial Banking. Based in Toronto and operating under a national mandate, 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 transacts within a wide variety of Canadian industries where its asset-focused structures provide greater flexibility than typical credit models for collateral rich companies.

As a Senior Collateral Analyst, you will be required to work closely with a variety of internal parties and external clients to ensure the objectives of the CIBC ABL business unit are achieved. You will be responsible for routine client transactions on an assigned portfolio of accounts, and the position requires frequent interaction with various internal groups and directly with clients. You will also provide in-depth analysis and feedback to the Account Executive on each assigned account with regards to account performance trends, discrepancies, and other key items that may impact CIBC’s overall risk assessment of an account.

The Senior Collateral Analyst position also provides future opportunities to transition to business development, credit underwriting, and portfolio management roles within CIBC ABL.

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 3 days per week on-site, while other days will be remote.

How You’ll Succeed

• Accurately process and verify weekly/monthly Borrowing Base information in a timely manner, with client contact as necessary.
• Reconcile all client-provided data to confirm accuracy and eligibility of assets comprising the Borrowing Base and liaise with clients to discuss variances with reported information. Accurately analyze financial information provided by clients and understand the dynamics that can have an impact on the collateral value of assets being financed.
• Perform additional verifications and analysis of borrowing base and financial information in accordance with established client monitoring standards and guidelines or as directed by the Account Executive
• Proactively advise Account Executive of any adverse trends, deterioration of asset values or reporting discrepancies
• On syndicated accounts, liaise and maintain strong relationships with other financial institutions.
• Liaise and interact with clients, Account Executives and other CIBC business partners as part of the daily management of the portfolio to ensure high levels of customer satisfactions are achieved. Take responsibility for resolving customer concerns or issues quickly and effectively, using resourceful and constructive solutions to address issues as they arise.
• Ensure ongoing compliance with the terms and conditions of the credit facility and with internal controls and procedures (e.g. update MIF regarding risk ratings review dates, updating of trend cards, and monitor daily and monthly RIL reporting) to maintain integrity of CIBC's position
• Process daily borrowing requests from clients and prepare advance authorization form for Account Executive approval.
• Work with the Senior Manager and Account Executives to implement changes to the loan and collateral management system resulting from amendments to credit agreements and to implement findings of field exams and appraisals.
• Assist Account Executives with their portfolio management responsibilities, including (but not limited to) conducting annual account reviews, preparation of credit memoranda, and other ad-hoc assignments as necessary.
• Assist the Senior Manager with the month-end accounting and reporting processes.

Who You Are

• You have an graduate degree with a major/specialization in Business, Commerce, Finance, or Accounting with relevant work experience (approximately 1 to 2 years). Professional designations (such as CA, CFA, CBV) are considered an asset.
• You have experience in a financial/analytical role. Previous experience in commercial lending (especially asset-based lending) is an asset.
• You have technical skills. You have familiarity with Microsoft Office software and Strong Microsoft Excel skills. Knowledge and understanding of Asset Based Lending Software SOLIFI ABLM (Stucky), CEAS, MIF CIBC’s banking software is an asset.
• You have strong analytical and problem solving skills. You have the ability to understand and analyze financial statements.
• You have strong communication skills. You have professional oral and written communication and strong listening skills.
• You have an understanding of the organizational and operational functions.
• You have strong time management skills. You have the ability to work accurately within tight deadlines.
• 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 know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]

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

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 10th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Communication, Customer Satisfaction, Lending