Job Information
CIBC Community Development Senior Finance Analyst in Chicago, Illinois
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 (https://www.cibc.com/en/about-cibc.html)
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth Management offers investment management, wealth strategies and legacy planning.
CIBC works to help you make your ambitions a reality with a team that is committed to being always professional, genuinely caring and collaborates to find simple solutions as we build our relationship-focused bank for the modern world.
Every year, CIBC is recognized for its business success, community commitment and employee initiatives. We are proud of this success and are committed to creating an inclusive workplace and an environment where all of our team members can excel.
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 during your interview.
Job Description
This mid-level position is responsible for supporting the Community Development Team with Community Reinvestment Act (CRA) investments portfolio administration and management, including, but not limited to, preparing investment presentations for committee approval, community development financial analysis, and monitoring the investments portfolio.
What you'll be doing
Our team provides financial services across CIBC. Through insight, analysis, and best-in-class execution we enable CIBC's core purpose: to help make our clients' ambitions a reality. Our bank relies on our group to make better decisions, plan for the future, and effectively manage its balance sheet and business as a whole. We strive to put clients first, get it right, get it done quickly, and add value in everything we do.
The Community Development Senior Finance Analyst is responsible for Preparation of financial analysis for new and existing investments and assistance with preparation of draft investment presentations for committee approval and department reports, Communication with internal and external parties related to the processing and maintenance of the investment portfolio; this includes data collection, due-diligence, ongoing covenant compliance reporting, and transaction processing (wire transfers, closing binders, etc.), Maintenance of investment portfolio data and tracking tools and assistance in preparation of reports to senior management.
How you'll succeed
Financial Analysis & Reporting: Collect and analyze financial reports, including income statements, balance sheets, cash flow reports, quarterly reports, and capital account statements. Ensure compliance with financial regulations, policies, and other requirements. Develop and manage financial models for community development projects. Conduct due diligence, risk assessments, and analyze trends in community development funding, grants, and resources.
Investment Activity Transactions Processing: Facilitate capital call and distribution payments. Process investment onboarding workflow tasks and systems recordkeeping.
Stakeholder Engagement: Work with investment managers to coordinate data reporting collection. Provide financial analysis and insight in investment presentations to inform decision-making at leadership and committee levels.
Collaboration & Team Support: Collaborate with CRA Investments team members and other departments such as finance, lending, and client specialists, to ensure financial alignment. Participate in community and customer engagement as well as bank-wide volunteerism activities.
Who you are
Bachelor's Degree in community development, urban planning, real estate finance, accounting or related field required.
Professional experience in community development finance, real estate finance, urban planning, or commercial banking required. Two to three years of progressive experience preferred.
Commercial credit training or commercial banking experience strongly desirable.
Advanced Excel, Word and PowerPoint skills preferred.
Strong critical thinking ability; detail oriented; and able to independently manage multiple projects and timelines necessary for success.
Excellent customer service and interpersonal skills, including verbal and written communications skills required.
Knowledge of Community Reinvestment Act and community development finance preferred.
Strong commitment to community development and relationship building is desirable.
California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
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*, 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 Mailbox.careers-carrieres@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.
Job Location
IL-120 S LaSalle St
Employment Type
Regular
Weekly Hours
40
Skills
Accounting, Analytical Thinking, Communication, Data Analysis, Financial Reporting and Analysis, Management Reporting, Microsoft Applications, Personal Initiative, Report Analysis, Researching
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.