Com'l Portfolio Loan Spec (US)

TD • Greenville, SC

4d

About The Position

The Commercial Portfolio Loan Specialist is responsible for administering and monitoring a Commercial Construction loan portfolio. The job assesses and maintains compliance with loan documentation and Commercial Construction loan Credit Standards to manage the Bank's construction risk during the construction process. Depth & Scope: Responsible for the management and overall administration of a portfolio of commercial construction loans beginning at the pre-closing phase thru project completion Serves as a resource to the Line of Business and Credit Risk Officers in regards to TD Construction Loan Credit Standards, policies and procedures; Provides high-quality internal and external customer service and support with the ability to handle large complex and high profile projects; Assists with inquiries, research and problem resolution for the Line of Business and the customer Works closely with the Line of Business, Borrower and CLS team during the pre-closing process; Reviews all construction documentation for conformity to the TD Credit standards for construction loans; Contributes to establishing a detailed project budget and balanced sources and uses; interprets complex credit policies, legal and title requirements and regulatory guidelines to ensure loan documents meet applicable standards from preparation through execution; Reviews and approves all closing disbursements Analyzes requests for funding against established budgets, sources and uses, and identifies any exceptions; Reviews all advance request documentation in detail against approved controls, including AIA's, inspection reports, lien waivers and soft cost invoices; Is relied on to make recommendations for funding as well as hold backs, based on knowledge of the project and TD Bank construction policies Maintains a balance between project costs and funding sources, ensuring the Bank's risk is mitigated Reviews Inspection reports for accuracy and completeness of information provided; Follows up with external engineer and TD Bank Engineering Department to make recommendations and resolve any issues or exceptions noted; Keeps Line of Business abreast of status of the project and any issues Maintains internal record keeping of loan disbursements and project progress through input to TD Bank's construction monitoring system; Ensures the accuracy and maintenance of customer records and files; Coordinates processing of advances and repayments for the project Develops understanding of commercial products and services, understands and ensures adherence to Company guidelines, policies and procedures regarding construction loans; Maintains a general overall knowledge of the construction lending industry and a detailed understanding of appropriate regulations and guidelines

Requirements

• Bachelor's degree (accounting/finance preferred) or work experience equivalent to a Bachelor's degree required
• 3+ years related experience required, preferably in Construction Administration or Commercial /Real Estate Lending or Credit Management
• Excellent written and verbal communication skills
• Excellent customer services skills for both internal and external customers
• Ability to review and identify issues as well as make educated recommendations for resolution within scope of their authority
• Aptitude for analysis, systems and mathematics
• Attention to detail with the ability to prioritize in a high volume environment
• PC proficient with strong Excel skills

Responsibilities

• Administering and monitoring a Commercial Construction loan portfolio
• Assesses and maintains compliance with loan documentation and Commercial Construction loan Credit Standards
• Manages the Bank's construction risk during the construction process
• Management and overall administration of a portfolio of commercial construction loans beginning at the pre-closing phase thru project completion
• Serves as a resource to the Line of Business and Credit Risk Officers in regards to TD Construction Loan Credit Standards, policies and procedures
• Provides high-quality internal and external customer service and support with the ability to handle large complex and high profile projects
• Assists with inquiries, research and problem resolution for the Line of Business and the customer
• Works closely with the Line of Business, Borrower and CLS team during the pre-closing process
• Reviews all construction documentation for conformity to the TD Credit standards for construction loans
• Contributes to establishing a detailed project budget and balanced sources and uses
• Interprets complex credit policies, legal and title requirements and regulatory guidelines to ensure loan documents meet applicable standards from preparation through execution
• Reviews and approves all closing disbursements
• Analyzes requests for funding against established budgets, sources and uses, and identifies any exceptions
• Reviews all advance request documentation in detail against approved controls, including AIA's, inspection reports, lien waivers and soft cost invoices
• Makes recommendations for funding as well as hold backs, based on knowledge of the project and TD Bank construction policies
• Maintains a balance between project costs and funding sources, ensuring the Bank's risk is mitigated
• Reviews Inspection reports for accuracy and completeness of information provided
• Follows up with external engineer and TD Bank Engineering Department to make recommendations and resolve any issues or exceptions noted
• Keeps Line of Business abreast of status of the project and any issues
• Maintains internal record keeping of loan disbursements and project progress through input to TD Bank's construction monitoring system
• Ensures the accuracy and maintenance of customer records and files
• Coordinates processing of advances and repayments for the project
• Develops understanding of commercial products and services, understands and ensures adherence to Company guidelines, policies and procedures regarding construction loans
• Maintains a general overall knowledge of the construction lending industry and a detailed understanding of appropriate regulations and guidelines

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level