Vista previa generada por IA
Commercial Credit Approval Officer I – 40 hrs, $115k–$186k in Mount Laurel, NJ.
Lead loan decisions up to $2.5M, mentor underwriting staff, and shape credit policy at TD.
Job Description
The Commercial Credit Approval Officer I acts as the final decision authority on commercial loan applications while following sound lending practices, policies and procedures. Responsible for financial analysis of complex loans/industries/Customers and total group exposure limits generally up to $2.5 million. Contributes to team responsibility for insuring satisfactory audit, loan review, and other loan quality metrics. This role will support Credit Management strategic initiatives at the line of business level. The Commercial Credit Approval Officer I ensures compliance with established underwriting guidelines, quality and production guidelines, as well as Federal Banking Regulations and Government Reporting requirements.
Depth & Scope
Possesses single signer loan decision authority of $2.5 million, dependent upon specialty business line
Expected to attain and exercise moderate-risk exception and loan authority
Leads strategic initiatives that have impact at the team or division level and participate in Line of Business strategic initiatives
Conducts thorough review of underwriting approval packages prepared by the commercial underwriting team
Renders final credit decision within individual lending authority limits, based upon the strengths and risks, collateral analysis, historical financials, business and personal cash flow & balance sheet analysis, ratio & trend analysis, review of credit bureau and business bureau reports management profiles, business/product cycles, industry information, projected operating performance, application data and the ability to repay the proposed debt
Determines necessary conditions of lending and closing and involvement with shared services functions
Acts as a mentor and participates in the on-going development of the Underwriting Staff through review of underwritings presented for their final review and provides ongoing feedback to Underwriting management team
May underwrite the largest and most complex loans within the business unit; performs historical business financial analysis and cash flows; communicating with the borrower's accountant (as needed) to gain a better understanding of the company's accounting practices; conduct credit investigations and analyze financial information pertaining to relationships with Commercial Credit exposure up to highest authority limits
May performs in-depth analysis of a guarantor's financial position through a thorough investigation of personal financial statements, understanding any contingent liabilities, constructing cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation
Considers and discusses alternative structures such as SBA and other agencies and overall assessments with market, sales personnel
Notes any deviations from the loan policy, procedures and guidelines and identification / mitigation of key credit risks, and decision of appropriate structures in order to reduce credit risk
Contributes to discussions of policy and standards adjustments with management team
Meets turnaround requirements in a loan production environment, while maintaining strong quality of work produced
Maintains a satisfactory level of portfolio delinquencies and charge-offs
Ensures departmental compliance with TD Bank Credit Policy and Credit Standards, Federal Banking Regulation and Government Reporting requirements
Education & Experience
Undergraduate degree preferred
10+ years of relevant commercial lending relationship management, underwriting, and/or adjudication experience
Prior lending authority >/= $1 million preferred Small Business Administration/Agency, Healthcare Practice Solutions, or other specialty lending experience preferred
A ble to operate in a h ighly professional, systems-based environment
Proven analytical and research skills
Demonstrated problem solving skills and the ability to blend technical knowledge and good business judgment
Proven organizational, multi-tasking, analytical, time management and decision-making skills
Ability to meet deadlines
Strong communication skills, both verbal and written
Strong interpersonal skills and a team orientation
Ability to work with various levels of business partners
Computer literacy with a variety of software programs
Physical Requirements
Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
Domestic Travel – Occasional
International Travel – Never
Performing sedentary work – Continuous
Performing multiple tasks – Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds – Occasional
Sitting – Continuous
Standing – Occasional
Walking – Occasional
Moving safely in confined spaces – Occasional
Lifting/Carrying (under 25 lbs.) – Occasional
Lifting/Carrying (over 25 lbs.) – Never
Squatting – Occasional
Bending – Occasional
Kneeling – Never
Crawling – Never
Climbing – Never
Reaching overhead – Never
Reaching forward – Occasional
Pushing – Never
Pulling – Never
Twisting – Never
Concentrating for long periods of time – Continuous
Applying common sense to deal with problems involving standardized situations – Continuous
Reading, writing and comprehending instructions – Continuous
Adding, subtracting, multiplying and dividing – Continuous
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.
Who We Are
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more
Additional Information
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.
If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.