Manager U.S. Region Credit Control/Accounting

Company: Canadian Imperial Bank of Commerce
Location: Chicago
Posted on: May 28, 2023

Job Description:

Manager U.S. Region Credit Control/Accounting page is loaded Manager U.S. Region Credit Control/Accounting Apply locations Chicago, IL time type Full time posted on Posted 3 Days Ago job requisition id 2306766 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 Job Description The Manager of U.S. Region Credit Control/Accounting reports to the U.S. Region Assistant Controller and will be a leading contributor and serve as a key point of contact to the U.S. loan administration, U.S. loan operations, and accounting operations. As part of the U.S. Finance team this position will be responsible for accounting, reporting, and internal controls with respect to the loan portfolio and other various areas in the U.S. region. Responsibilities:

• Ensure the bank's allowance for loan loss is completed in accordance with CECL.
• Prepare general allowance reconciliations to ensure the financial statements are accurate.
• Prepare and record asset, liability, revenue and expense journal entries by compiling/analyzing complex account and transactional information
• Research and resolve any reconciling items in a timely manner.
• Develop, monitor and complete quarterly controls.
• Ensure all tasks are completed in accordance with internal controls and accounting procedures.
• Ensure month end and quarter end reporting is complete and accurate and compliant with both IFRS and US GAAP.
• Preparation of quarterly / annual regulatory and external reporting schedules.
• Prepare ad hoc analysis and reporting to support the bank and regulatory reporting.
• Act as accounting liaison with loan operations to ensure proper accounting of interest, fees, and loan balances.
• Build strong and effective relationships with support groups in the US entities and the Parent Bank.
• Enhance documentation to support audit and SOX controls.
• Manage multiple tasks and projects as assigned by senior management.
• Automation of current and future responsibilities.
• C.P.A. is required What CIBC offers - At CIBC, our people are our greatest asset. You'll become part of a diverse community that acknowledges everyone's unique talents, and empowers teams to do what's right for the client and to do it well. As part of our team, you will: -
  • Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home. -
  • Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity. -
  • Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training. -
  • Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more. - California residents - your privacy rights regarding your actual or prospective employment 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 .Job LocationIL-120 S LaSalle St, 5th Fl Employment Type RegularWeekly Hours40SkillsAccounting, Credit, Financial Accounting 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.

Keywords: Canadian Imperial Bank of Commerce, Chicago , Manager U.S. Region Credit Control/Accounting, Accounting, Auditing , Chicago, Illinois