Commercial Portfolio Loan Officer III - Workout (US)

TD Bank • Mount Laurel, NJ

33d

About The Position

The Commercial Portfolio Loan Officer III administers and monitors portfolio of Commercial loans, personally managing or assisting lenders in managing loan relationships within the group. Depth & Scope: Administers and monitors large portfolio of large, complex commercial loans Personally manages loan relationships with in the group Ensures accuracy and maintenance of Customer records and files and updates information as needed. Prepares more in-depth management reports summarizing portfolio activity Pays specific attention to credit administration, exception and risk management based on common metrics Administers existing loans to ensure complete conformity with terms and adequacy of documentation, including preparation of criticized asset reports and review memos; coordinates with operations and processing areas to ensure loan payments are collected and recorded Maintains current risk rating on Customers and makes appropriate comments in Customer credit files to ensure information remains current Accompanies loan officers during sales calls to assist with account details and implementation Provides technical guidance and assists staff with most complex aspects of work as necessary May provide training and mentoring for new and less experienced staff Coordinates with credit department and performs more in-depth financial analyses and credit investigations to make credit decisions on line extensions and other loans Contributes and provides input to group loan decision processes based on evaluation of credit risk and other key factors Visits Customers independently and with commercial loan officers to maintain strong business relationships Is assigned own accounts and/or share account management responsibilities with commercial loan officers Performs periodic inspections at Customer sites to audit accounts and ensure adherence to loan agreements and terms Administers existing loans to ensure complete conformity with terms and adequacy of documentation, including preparation of criticized asset reports and review memos; coordinates with operations and processing areas to ensure loan payments are collected and recorded Utilizes limited personal credit authority under the direction of the Relationship Manager, for the benefit of Customers and efficiency of the lending process

Requirements

• 4 year degree or equivalent experience
• 5+ years related experience
• In-depth understanding of commercial credit decision process
• Demonstrates credit, financial analysis and accounting skills
• In-depth knowledge of commercial legal and regulatory guidelines
• Proven Customer service and relationship management skills, including demonstrated track record of building and expanding Customer relationships
• Demonstrates attention to detail
• Supervisory skills
• Demonstrated communication skills, both verbal and written
• Proficient PC skills

Responsibilities

• Administers and monitors large portfolio of large, complex commercial loans
• Personally manages loan relationships with in the group
• Ensures accuracy and maintenance of Customer records and files and updates information as needed.
• Prepares more in-depth management reports summarizing portfolio activity
• Pays specific attention to credit administration, exception and risk management based on common metrics
• Administers existing loans to ensure complete conformity with terms and adequacy of documentation, including preparation of criticized asset reports and review memos; coordinates with operations and processing areas to ensure loan payments are collected and recorded
• Maintains current risk rating on Customers and makes appropriate comments in Customer credit files to ensure information remains current
• Accompanies loan officers during sales calls to assist with account details and implementation
• Provides technical guidance and assists staff with most complex aspects of work as necessary
• May provide training and mentoring for new and less experienced staff
• Coordinates with credit department and performs more in-depth financial analyses and credit investigations to make credit decisions on line extensions and other loans
• Contributes and provides input to group loan decision processes based on evaluation of credit risk and other key factors
• Visits Customers independently and with commercial loan officers to maintain strong business relationships
• Is assigned own accounts and/or share account management responsibilities with commercial loan officers
• Performs periodic inspections at Customer sites to audit accounts and ensure adherence to loan agreements and terms
• Administers existing loans to ensure complete conformity with terms and adequacy of documentation, including preparation of criticized asset reports and review memos; coordinates with operations and processing areas to ensure loan payments are collected and recorded
• Utilizes limited personal credit authority under the direction of the Relationship Manager, for the benefit of Customers and efficiency of the lending process

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