Commercial Loan Coordinator

Canadian Imperial Bank Of Commerce
US - Illinois - Chicago
November 15, 2024
Financial

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

The role is responsible for providing efficient operational support while maintaining compliance with internal controls and procedures within the functional area.
The role applies comprehensive technical and system knowledge to act as a point of escalation and provide timely resolution to complex issues.
The role exercises independent judgement in determining feasible solutions for clients, handling situations that require further analysis and investigation.
The role leads the implementation of process improvement initiatives, seeking opportunities to streamline existing processes and procedures.
Working with limited direction, the role provides training and coaching to others in the department to increase overall knowledge, expertise and productivity.

• Responsible for the receipt, review and approval of Commercial loan documentation that will include Commercial Real Estate documentation relative to conformity with the approved loan presentation.

• Insure all loan documents have been received, or otherwise waived prior to the loan booking process.

• The Commercial Loan Coordinator will also make sure that the proposed transaction is in compliance with Credit Policy.

• The Commercial Loan Coordinator will track outside loan exceptions and will insure that all necessary documents are properly recorded and delivered to the Bank in a timely manner.

• The loan portfolio will consist of large and mid-sized Commercial loan transactions and Real Estate loan transactions, a large percentage of which will include Syndicated Credits.

• This position supports the Commercial Loan Lines of Business and is part of the centralized Loan Operations Closing Team, reporting to the Loan Closing Team Lead.

• Salary range for this opening ranges between $80,000 - $95,000 depending on experience, location, etc.

Qualifications

• Bachelor Degree is preferred and the individual must have Loan Closing experience (or similar) in a Bank or Financial Institution environment.

• The individual must have excellent interpersonal skills (both written and verbal).

• The individual must be detail-oriented with the ability to multi-task in a fast paced environment.

• The individual will need strong computer skills including knowledge of Microsoft Excel and Microsoft Word.

• Knowledge of ACBS and Metavante is a plus.

At CIBC, we offer a competitive total rewards package.
This role has an expected salary range of $80,000 - $95,000 for the market based on experience, qualifications, and location of the position.
The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which may also include a discretionary bonus component.
CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.

California residents - your privacy rights regarding your actual or prospective employment

At CIBC, your goals are a priority.
We start with your strengths, ambitions and strive to create opportunities to tap into your potential.

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 .
@cibc.
com

• 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, 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.

Expected End Date

2025-04-01

Job Location

IL-70 W Madison St, 8th Fl

Employment Type

Regular

Weekly Hours

Skills

Analytical Thinking, Business Operations, Commercial Loan Documentation, Customer Service, Documentations, Loan, Loan Closings, Loan Documentation, Operations Management, Prioritization, Quality Assurance (QA), Risk Management, Technical Knowledge

Read the full job description and apply online on the recuiter's web-site

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