Commercial Credit Underwriter I (US)
About The Position
The Commercial Credit Underwriter I analyzes and underwrites commercial loan applications and may serve as the final decision authority within applicable lending limits. The role follows sound lending practices, policies, and procedures and ensures compliance with underwriting, quality, production, federal banking, and government reporting requirements. It performs basic financial analysis for less complex loans, industries, and customers, and includes experience with SBA lending, including 7(a) and 504 loan programs. The position investigates and assesses borrower and guarantor financial information, business and personal cash flow, collateral, credit reports, industry and market conditions, and repayment capacity. It identifies and mitigates credit risks, determines appropriate loan structures and conditions, and communicates with customers and sales and market personnel when considering alternative structures. The role also coordinates post-approval review to confirm lending conditions are met or appropriately mitigated before closing. The underwriter works in a high-volume loan production environment, meeting turnaround expectations while maintaining quality and a satisfactory level of portfolio delinquencies and charge-offs. TD describes its total rewards package as including salary and variable compensation or incentive awards, health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition. TD also provides training and onboarding, career and development conversations, an online learning platform, and mentoring programs.
Requirements
- Undergraduate degree and/or 3 or more years of relevant experience or basic knowledge of credit and financial analysis techniques.
- Strong analytical and research skills.
- Demonstrated problem-solving skills and ability to combine technical knowledge with sound business judgment.
- Strong verbal and written communication skills.
- Proven organizational, multitasking, analytical, and decision-making skills, with the 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 with word processing and spreadsheet software.
- Computer literacy with a variety of software programs.
Responsibilities
- Analyze and underwrite commercial loan applications, potentially serving as final decision authority within individual lending authority limits.
- Conduct credit investigations and analyze financial information for commercial credit relationships.
- Apply knowledge of SBA 7(a) and 504 programs, credit underwriting, financial analysis, loan structuring, and SBA lending guidelines.
- Underwrite loans and analyze historical business financial statements and cash flows; communicate with borrowers' accountants as needed to understand accounting practices.
- Analyze guarantors' financial positions, including personal financial statements, contingent liabilities, personal tax returns, credit reporting documentation, and global cash flow.
- Research economic and market conditions related to companies, industries, and market areas, and investigate available credit and financial information.
- Identify policy, procedure, and guideline deviations; assess and mitigate key credit risks; and determine appropriate structures to reduce risk.
- Identify applications requiring credit enhancements and make decisions on those applications.
- Make final credit decisions within authority limits using financial, collateral, credit, management, industry, market, and repayment-capacity information.
- Consider and discuss alternative loan structures and assessments with market and sales personnel and customers when applicable.
- Set lending conditions and participate in post-approval review to ensure conditions are met or appropriately mitigated before loan closing.
- Meet turnaround requirements in a high-volume loan production environment while maintaining strong work quality.
- Maintain a satisfactory level of portfolio delinquencies and charge-offs.
Benefits
- 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
- Reward and recognition
- Training and onboarding
- Online learning platform
- Mentoring programs
- Variable compensation or incentive awards, potentially including cash and/or equity awards through an incentive plan
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
