Commercial Credit Underwriter III - C3 New Money

TD Bank•Mount Pleasant, SC

12d•Onsite

About The Position

The Commercial Credit Underwriter III role focuses on Commercial Borrowers, primarily C&I customers with exposures in the $1-5MM range. This position is part of a team of underwriters covering a broad geography from Maine to Florida. Responsibilities include the comprehensive underwriting of new money for prospective and existing clients, with some portfolio management tasks. While the team mainly supports C&I clients, there are instances where support is provided to Investor CRE for new money in that sector. The Commercial Credit Underwriter III analyzes, underwrites, and may serve as the final decision-maker for commercial loan applications, adhering to sound lending practices, policies, and procedures. This role ensures compliance with underwriting guidelines, quality and production standards, and Federal Banking Regulations and Government Reporting requirements. The position is responsible for the basic financial analysis of less complex loans, industries, and customers.

Requirements

Undergraduate degree preferred
8+ years of relevant Commercial lending experience
Proven analytical and research skills
Prior lending authority strongly 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
Small Business Administration/Agency experience preferred

Nice To Haves

May possess loan decision authority up to position authority limits as defined in credit policy
Expected to attain exception and high-risk authority

Responsibilities

Analyzes, underwrites and may act as the final decision authority on commercial loan applications while following sound lending practices, policies and procedures.
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.
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.
Investigates available sources of credit and financial information.
Researches 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.
Sets conditions of lending and involvement with shared services functions as needed to expedite 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.
Acts as a mentor and participates in the on-going development of the Underwriting Staff.
Proven leadership skills including coaching, counseling and mentoring of underwriting staff.