Commercial Credit Underwriter III - SBA

TD Bank • Mount Laurel, NJ

23d • $44 - $66

About The Position

Department Overview: The Commercial Credit Underwriter III is a member of the Small Business SBA Credit Team within SBA Credit Management at TD Bank. The Small Business SBA Team is responsible for the underwriting and adjudication of SBA 7a loan requests with up to $1 million in Total Credit Exposure. The Team is also responsible for handling modification requests of existing SBA 7a loans within the portfolio. The CCU III role will work collaboratively with the SBA Relationship Manager and Business Banker to properly structure the request to meet SBA SOP and TD Bank policy requirements in accordance with the Bank's Risk Appetite. The above details are specific to the role which is outlined in the general description below. The Commercial Credit Underwriter III analyzes, underwrites and may act as the final decision authority on commercial loan applications while following sound lending practices, policies and procedures. The Commercial Credit Underwriter III ensures compliance with established underwriting guidelines, quality and production guidelines, as well as Federal Banking Regulations and Government Reporting requirements. Responsible for basic financial analysis of less complex loans/industries/Customers. Depth & Scope: May possess loan decision authority up to position authority limits as defined in credit policy Expected to attain exception and high-risk authority Acts as a mentor and participates in the on-going development of the Underwriting Staff 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 cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation/ l 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 the 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 decision respective applications such as SBA and other agencies 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 Considers and discusses alternative structures and overall assessments with market, sales personnel Proven leadership skills including coaching, counseling and mentoring of underwriting staff Sets conditions of lending and involvement with shared services functions as needed to expediate loan closings Meets turnaround requirements of 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, Federal Banking Regulation and Government Reporting requirements

Requirements

• Undergraduate degree preferred
• 8+ years of relevant Commercial lending experience
• Proven analytical and research skills
• Prior lending authority stongly preferred
• 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
• Developed PC skills including proficiency and capability in word processing and spreadsheet software
• Computer literacy with a variety of software programs

Nice To Haves

• Small Business Administration/Agency experience preferred

Responsibilities

• Analyze and underwrite commercial loan applications
• Act as the final decision authority on commercial loan applications
• Ensure compliance with established underwriting guidelines, quality and production guidelines, as well as Federal Banking Regulations and Government Reporting requirements
• Conduct credit investigations and analyze financial information
• Perform historical business financial analysis and cash flows
• Perform in-depth analysis of a guarantor's financial position
• Research economic and market conditions
• Identify credit applications that require credit enhancements
• Render final credit decisions within lending authority limits
• Set conditions of lending and involvement with shared services functions
• Meet turnaround requirements of a loan production environment
• Maintain a satisfactory level of portfolio delinquencies and charge-offs
• Ensure departmental compliance with TD Bank Credit Policy, Federal Banking Regulation and Government Reporting requirements

Benefits

• TD is committed to providing fair and equitable compensation opportunities to all colleagues.
• Growth opportunities and skill development are defining features of the colleague experience at TD.
• Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals.
• 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.
• Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
• You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

What This Job Offers

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