Commercial Credit Underwriter II (US)

TD•Mount Laurel, NJ

2d•$35 - $52•Onsite

About The Position

The Commercial Credit Underwriter II analyzes and underwrites commercial loan applications and may serve as the final decision authority within the position’s lending limits. The role follows sound lending practices and ensures compliance with underwriting, quality, production, credit policy, federal banking regulation, and government reporting requirements. It includes basic financial analysis of less complex loans, industries, and customers. The position investigates and analyzes commercial credit relationships, business and personal financial information, cash flows, collateral, credit reports, market conditions, and industry trends. It identifies deviations from policy and key credit risks, evaluates credit enhancements and potential loan structures, sets lending conditions, and coordinates with market, sales, customers, and shared-services partners as appropriate. The role works to meet turnaround requirements in a high-volume loan-production environment while maintaining work quality and satisfactory portfolio delinquency and charge-off levels. It may also include mentoring and developing underwriting staff.

Requirements

At least 4 years of relevant commercial lending experience.
Proven analytical and research skills.
Strong understanding of credit underwriting and industry practices.
Previous experience analyzing business and personal financial statements.
Problem-solving skills and the ability to combine technical knowledge with sound business judgment.
Strong verbal and written communication skills.
Organizational, multitasking, analytical, time-management, and decision-making skills.
Ability to meet deadlines.
Strong interpersonal skills and a team orientation.
Ability to work with business partners at various levels.
Developed PC skills, including proficiency with word-processing and spreadsheet software.
Computer literacy with a variety of software programs.

Nice To Haves

Undergraduate degree preferred.
Prior lending authority preferred.
Small Business Administration or agency experience preferred.

Responsibilities

Analyze, underwrite, and potentially make final decisions on commercial loan applications within applicable lending authority limits.
Conduct credit investigations and analyze financial information for commercial credit relationships.
Perform historical business financial analysis and cash-flow analysis, including communicating with borrowers’ accountants when needed.
Analyze guarantors’ financial positions, including personal financial statements, contingent liabilities, global cash flow, tax returns, and credit reporting or loan-scoring data, as applicable.
Investigate available sources of credit and financial information.
Research economic and market conditions related to companies, industries, and market areas.
Identify policy, procedure, and guideline deviations; assess and mitigate credit risks; and determine appropriate loan structures.
Identify applications requiring credit enhancements and make decisions on those applications as appropriate.
Evaluate repayment ability using factors such as collateral, financial statements, cash flows, balance sheets, ratios and trends, credit reports, management profiles, industry information, projected performance, and application data.
Discuss alternative structures and assessments with market and sales personnel and customers when applicable.
Set lending conditions and coordinate with shared-services functions as needed to expedite loan closings.
Meet turnaround requirements in a high-volume loan-production environment while maintaining work quality.
Maintain a satisfactory level of portfolio delinquencies and charge-offs.
Ensure compliance with TD Bank Credit Policy, federal banking regulations, and government reporting requirements.
Mentor and participate in the ongoing development of underwriting staff.