Accountant III

What You'll Be Doing

The Accountant III is an accounting position that reports to the U.S. Region Senior Manager, Credit Control. This role will serve as a primary contributor and key point of contact for the Equipment Finance (“EF”) and Credit (Lending) business units. As a member of the U.S. Finance team, the Accountant III will be responsible for accounting, reporting, and maintaining internal controls related to the Equipment Finance and Credit business.

• Equipment Finance
  • Review loan vs lease classification for any new deal
  • Review operating vs financing lease for all new leases
  • Perform control function of ensuring lease/loan schedule reviewed by Finance are properly set up in Aspire
  • Perform journal entries for cash movements that impact EF customers, fundings to the EF entity, finding new leases/loans
  • Perform monthly EF GL reconciliations and verification of syndication revenues
  • Perform SOX control functions for controls that reside within Finance for EF
• Credit
  • Prepare GAAP and IFRS entries to record the monthly provision for loan losses.
  • Prepare GAAP and IFRS entries related to allowance for credit losses.
  • Perform monthly and quarterly analysis over credit‑impaired loans.
  • Perform SOX control functions for controls that reside within Finance for the Credit team.
  • Perform monthly Credit account GL reconciliations.
  • Prepare quarter and year‑end reporting documents for use in the consolidated financial statements.

• Bachelor’s degree in Finance or Accounting
• 3-5 year business related experience
• Financial Services experience a plus.
• Working knowledge of US GAAP, particularly related to lease accounting
• Ability to develop and maintain close working relationships with internal stakeholders
• Excellent oral and written communication skills
• Strong organizational skills, including ability to prioritize multiple simultaneous tasks
• Attention to detail while demonstrating the ability to think critically and see the big picture

• Competitive salary ($90,000 - $110,000 base)
• Incentive compensation plan with discretionary bonus
• Comprehensive benefits:
  Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays, 401(k)
• Other perks: wellbeing support, Moment Makers social program, Purpose Day (paid day off for growth)

• 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 provide an accessible candidate experience.
• You must be legally eligible to work at the specified location and, where applicable, have a valid work or study permit.
• The position does not offer visa sponsorship.
• Applicants may be asked to complete attribute‑based assessments and other skills tests (simulation, coding, MS Office).

IL-120 S LaSalle St, 5th Floor, Chicago, IL

Regular full‑time position

40 hours per week