Commercial Credit Approval Officer I - C3

TD•Philadelphia, PA

5d•$115,440 - $186,160•Onsite

About The Position

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.

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
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

Responsibilities

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.
Supports Credit Management strategic initiatives at the line of business level.
Ensures compliance with established underwriting guidelines, quality and production guidelines, as well as Federal Banking Regulations and Government Reporting requirements.
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 perform 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.