Credit Analyst I- Loan Review (US)

TD Bank • Laurel, MD

10d • $26 - $39 • Onsite

About The Position

Department Overview: Loan Review provides independent and objective risk based assessments of the level and direction of credit risk and the quality of credit management practices. Using fact based, data driven and innovative practices blended with the expertise of a team of credit professionals, Loan Review provides comprehensive perspectives on credit quality and existing or emerging risks or weaknesses, and makes value add recommendations to foster positive change. Operating within the credit risk management framework and through established partnerships across the bank, the Division proactively collaborates to drive culture and behaviors which support the risk appetite of the bank. A third line of defense reporting to the Board Risk Committee, Loan Review maintains transparent business partner interactions and acts with quality, clarity, and speed. The Credit Analyst I is responsible for conducting in-depth industry and financial analysis of existing and potential borrowers. This job works cooperatively to support the Lending and Credit functions of the Bank. Depth & Scope: Responsible for basic financial analysis of less complex loans/industries/Customers Work reviewed and monitored by lead staff Basic understanding of loan risk factors. May research industry specific information from outside sources, which may include conversation with Borrowers, industry publications, area libraries, references from other banks, credit agencies, as well as accessing information through the Internet May participate in Customer meetings and make direct inquiry for specific Customer information based on prior research, experience and knowledge (may require travel at times) Integral part of loan origination process. Responsible for performing underwriting analysis of Borrower's character, credit worthiness and financial condition Supports the lending function by providing analytical support May prepare insightful and timely approval memorandums for presentation to appropriate lending and credit authorities May analyze financial statements, management profiles, business and product cycles, cash flow ability, collateral, agings, etc. of future and existing Customers to identify trends, measure performance, assess financial strength and develop an assessment of credit risk May maintain credit files, monitor data such as updated financial statements and prepare updated analysis memos Monitors compliance with regulatory requirements May provide written analysis that identifies any deviations from the Company Commercial Loan Policy and becomes familiar with alternative structures in order to reduce credit risk Achieves operational performance standards in quality and timeliness

Requirements

• 4 year degree or equivalent experience
• 1+ years related experience preferred
• Basic knowledge of credit and financial analysis techniques
• Strong oral and written communication skills
• Strong analytical and research skills
• Developed PC skills including proficiency and capability in word processing and spreadsheet software
• Ability to meet deadlines
• Ability to maintain the confidentiality of credit and Customer information
• Good interpersonal skills and team orientation

Nice To Haves

• 3rd line risk experience
• Consumer Lending experience

Responsibilities

• Responsible for basic financial analysis of less complex loans/industries/Customers
• Work reviewed and monitored by lead staff
• Basic understanding of loan risk factors.
• May research industry specific information from outside sources, which may include conversation with Borrowers, industry publications, area libraries, references from other banks, credit agencies, as well as accessing information through the Internet
• May participate in Customer meetings and make direct inquiry for specific Customer information based on prior research, experience and knowledge (may require travel at times)
• Integral part of loan origination process.
• Responsible for performing underwriting analysis of Borrower's character, credit worthiness and financial condition
• Supports the lending function by providing analytical support
• May prepare insightful and timely approval memorandums for presentation to appropriate lending and credit authorities
• May analyze financial statements, management profiles, business and product cycles, cash flow ability, collateral, agings, etc. of future and existing Customers to identify trends, measure performance, assess financial strength and develop an assessment of credit risk
• May maintain credit files, monitor data such as updated financial statements and prepare updated analysis memos
• Monitors compliance with regulatory requirements
• May provide written analysis that identifies any deviations from the Company Commercial Loan Policy and becomes familiar with alternative structures in order to reduce credit risk
• Achieves operational performance standards in quality and timeliness

Benefits

• 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.

What This Job Offers

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