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Senior Collateral Analyst

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CIBC

2mo ago

  • Job
    Full-time
    Junior Level
  • Accounting & Tax
    Banking & Finance
  • Toronto
  • Quick Apply

AI generated summary

  • You need a relevant graduate degree, 1-2 years in a financial role, strong Excel skills, and excellent analytical, communication, and time management abilities. Values like trust and teamwork are essential.
  • You will process and verify borrowing base information, reconcile client data, analyze financial information, manage client relationships, and ensure compliance with credit facility terms.

Requirements

  • 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.

Responsibilities

  • 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.

FAQs

Do we support remote work?

Yes, we support remote work in a hybrid format, where employees spend three days per week on-site and the remaining days remote.

What is the primary role of a Senior Collateral Analyst at CIBC?

The primary role of a Senior Collateral Analyst at CIBC is to work closely with internal parties and external clients to manage routine client transactions, analyze account performance trends, and provide feedback to Account Executives regarding risk assessments and other key items.

What qualifications are required for this position?

The position requires a graduate degree with a major/specialization in Business, Commerce, Finance, or Accounting, along with relevant work experience of approximately 1 to 2 years. Professional designations such as CA, CFA, or CBV are considered assets.

What skills are essential for success in this role?

Essential skills include strong analytical and problem-solving abilities, effective communication and listening skills, proficiency in Microsoft Office (especially Excel), an understanding of financial statements, and strong time management skills.

Is there room for growth in this role?

Yes, the Senior Collateral Analyst position offers future opportunities to transition into business development, credit underwriting, and portfolio management roles within CIBC ABL.

What benefits does CIBC offer to its employees?

CIBC offers a competitive salary, incentive pay, banking benefits, a benefits program, a defined benefit pension plan, an employee share purchase plan, vacation offerings, well-being support, and a recognition program called MomentMakers.

Where is the job located?

The job is located in Toronto at 81 Bay, 10th Floor.

How many hours per week is this position?

The position requires 37.5 hours of work per week.

What is the focus of CIBC Asset-Based Lending?

CIBC Asset-Based Lending focuses on providing customized loan placements secured by accounts receivable, inventories, and fixed assets, operating across a wide variety of Canadian industries.

What is the process for applicants needing accommodation?

Applicants needing accommodation can contact CIBC at Mailbox.careers-carrieres@cibc.com for assistance in the hiring process.

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CIBC

Ambitions Made Real

Finance
Industry
10,001+
Employees
1961
Founded Year

Mission & Purpose

The Canadian Imperial Bank of Commerce (CIBC) is a major financial institution that provides a wide range of banking and financial services. CIBC's ultimate mission is to be a leading, innovative financial institution that helps clients achieve their financial goals. The bank's purpose is rooted in delivering trusted advice and exceptional service to individuals, businesses, and communities. CIBC is committed to fostering economic growth, supporting financial well-being, and contributing to the overall prosperity of its clients and the regions it serves. With a focus on integrity and customer satisfaction, CIBC plays a vital role in the Canadian and international financial landscape, offering solutions that span banking, wealth management, and capital markets to meet the diverse needs of its stakeholders.

Benefits

  • Financial health

    Rewards and resources to support your short and long-term financial goals. At a glance: 50% employee share matching plan, Employee Banking Offer including free banking services, credit cards and more, Defined Benefit Pension Plan that provides you with a secure retirement for life

  • Mental health

    Resources to support your mental health and increase your resiliency. At a glance: Mental health therapy covered at 100% and $5,000 per person per year, Online and in-person counselling, Shareable mental health video library, Mindfulness education and practice tools