Commercial Credit Approval Officer I - C3

About the role

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.

Responsibilities

• Possesses single signer loan decision authority of $2.5 million, dependent upon specialty business line
• Attains and exercises moderate-risk exception and loan authority
• Leads strategic initiatives that have impact at the team or division level and participates 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
• 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
• Mets turnaround requirements in a loan production environment, while maintaining strong quality of work produced
• Ensures departmental compliance with TD Bank Credit Policy and Credit Standards, Federal Banking Regulation and Government Reporting requirements

Requirements

• 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
• Able to operate in a highly 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
• Able to meet deadlines
• Strong communication skills, both verbal and written
• Strong interpersonal skills and a team orientation
• Able to work with various levels of business partners
• Computer literacy with a variety of software programs

Qualifications

• Never: 0%
• Occasional: 1-33%
• Frequent: 34-66%
• Continuous: 67-100%

Skills

• Financial Analysis
• Loan Decision Making
• Underwriting
• Regulatory Compliance
• Strategic Initiative Leadership
• Team Collaboration
• Communication
• Problem Solving
• Organizational Skills
• Time Management
• Decision-Making
• Technical Knowledge
• Business Judgment
• Customer Relationship Management
• Accountant Communication
• Credit Risk Assessment
• Alternative Structure Evaluation
• Policy and Standard Adjustments
• Turnaround Requirements
• Departmental Compliance

Benefits

Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role.

Pay

$115,440 - $186,160 USD

Schedule

40 hours per week

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. If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact. We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.