Commercial Credit Underwriter I (US)

TD • Asheville, NC

2d • $30 - $45

About The Position

Depth & Scope: May possess loan decision authority up to position authority limits as defined in credit policy Conducts credit investigations and analyzes financial information pertaining to relationships with Commercial Credit exposure up to highest authority limits Underwrites loans and performs historical business financial analysis and cash flows, including communicating with the borrower's accountant (as needed) to gain a better understanding of the company's accounting practices. Performs In-depth analysis of a guarantor's financial position through a thorough investigation of personal financial statements, understanding any contingent liabilities, constructing a global cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation/ Fair Isaac output data May investigate available sources of credit and financial information Research economic and market conditions relating to the company, industry and market area Notes any deviations from loan policy, procedures and guidelines and identification / mitigation of key credit risks, and decision of appropriate structures in order to reduce credit risk Identifies credit applications that require credit enhancements and decisions respective applications accordingly 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 / Fair Isaacs Scoring Data, management profiles, business/product cycles, industry information, projected operating performance, application data and the ability to repay the proposed debt When applicable, considers and discusses alternative structures and overall assessments with market, sales personnel and Customers Sets conditions of lending and involved with post approval review with the post approval team to ensure conditions of lending are met or appropriately mitigated prior to loan closing Meets turnaround requirements of a high-volume loan production environment, while maintaining strong quality of work produced Maintains a satisfactory level of portfolio delinquencies and charge-offs

Requirements

• Undergraduate degree and/or 3+ years of relevant experience or basic knowledge of credit and financial analysis techniques
• Strong analytical and research skills
• Demonstrated problem solving skills and the ability to blend technical knowledge and good business judgment
• Strong communication skills, both verbal and written
• Proven organizational, multi-tasking, analytical, decision-making skills, and ability to meet deadlines
• Good interpersonal skills and a team orientation
• Ability to work with various levels of sales and market personnel
• Developed PC skills including proficiency and capability in word processing and spreadsheet software
• Computer literacy with a variety of software programs

Responsibilities

• May possess loan decision authority up to position authority limits as defined in credit policy
• Conducts credit investigations and analyzes financial information pertaining to relationships with Commercial Credit exposure up to highest authority limits
• Underwrites loans and performs historical business financial analysis and cash flows, including communicating with the borrower's accountant (as needed) to gain a better understanding of the company's accounting practices.
• Performs In-depth analysis of a guarantor's financial position through a thorough investigation of personal financial statements, understanding any contingent liabilities, constructing a global cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation/ Fair Isaac output data
• May investigate available sources of credit and financial information
• Research economic and market conditions relating to the company, industry and market area
• Notes any deviations from loan policy, procedures and guidelines and identification / mitigation of key credit risks, and decision of appropriate structures in order to reduce credit risk
• Identifies credit applications that require credit enhancements and decisions respective applications accordingly
• 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 / Fair Isaacs Scoring Data, management profiles, business/product cycles, industry information, projected operating performance, application data and the ability to repay the proposed debt
• When applicable, considers and discusses alternative structures and overall assessments with market, sales personnel and Customers
• Sets conditions of lending and involved with post approval review with the post approval team to ensure conditions of lending are met or appropriately mitigated prior to loan closing
• Meets turnaround requirements of a high-volume loan production environment, while maintaining strong quality of work produced
• Maintains a satisfactory level of portfolio delinquencies and charge-offs

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: Entry Level
• Number of Employees: 5,001-10,000 employees