Credit Management Associate IV (US)

TD Bank • Mount Laurel, NJ

15d

About The Position

The Credit Management Associate IV provides ongoing support to an assigned commercial customer account portfolio within Credit Management. The Associate will be involved in origination requests and ongoing portfolio administration throughout the lifecycle of each account. The Associate will ensure that all required processes are completed in accordance with Bank standards and procedures while driving data accuracy and quality control to avoid losses and reduce undue risk. The Associate works with lending and credit management personnel on customer requests to determine and collect critical information from a variety of sources, third parties, and internal partners for utilization in key tasks within the loan origination and portfolio management systems. During each phase of an account's lifecycle, the Credit Management Associate will ensure customer, facility, and regulatory documentation align accurately within internal systems within Credit Management. The Credit Management Associate will serve as an expert in commercial lending process and be a resource for others. Depth & Scope: Manages an assigned account portfolio for new and existing commercial customers to provide consistent professional service and support throughout the total lifecycle of each account Assists with the uploading of due diligence received during underwriting, to the image repository system, in preparation of Loan Specialist assignment. Assists Credit Management with clearing and management of exceptions Capable of working independently and supporting accounts of larger size and complexity and/or larger volume of accounts, for a variety of lending types such as asset-based lending, corporate and commercial loans, commercial real estate finance (real estate mortgages, construction finance, and REITS), healthcare and higher education, and equipment finance Assigned accounts may include syndicated or participation loans, cash management accounts, workout, foreign exchange and international letters of credit Input necessary information into loan origination system to generate loan documents; Assists with closing of new loan accounts and submits information for boarding; assists loan team in preparing a complete approval package in preparation for closing. Ensures customer accounts are in good order through performing ongoing due diligence (such as tax, UCC, and judgment searches), monitor, track insurance renewals, and verify regulatory information is current and accurate, i.e. authorized signors, OFAC, beneficial owner/control prong and other KYC activities when required Assists with portfolio risk by monitoring maturities, loan review dates, and other compliance reporting requiring timely action May assist in preparing the most basic financial analysis of less complex loans / industries/ Customers, maintaining credit file, financial statement and assist with analysis memos May assist Credit Management with clearing and management exceptions Performs lockdown control / QC Function post-approval of a customer request to verify approved terms by Credit Management and Credit Risk align to the loan origination system data Performs post boarding review of new loans on loan origination system to ensure data accuracy Coordinates credit facility renewals and modification which may involve execution of new loan documentation, modification of existing notes or other actions which may involve approved legal service providers or internal document preparation areas, as applicable Builds business relationships with Lending and Credit Management teams to determine appropriate contacts for assigned tasks Maintains a strong knowledge of process and procedure for commercial products and services and shares information with others as a subject matter expert. Will assist with process improvement and change communication relevant to assigned portfolio Serves as subject matter expert for the department Serves as a resource and assists with training Credit Management Associates Works independently in resolving more complex issues relating to origination process through booking May provide support with onboarding activities

Requirements

• 4 year degree or equivalent experience
• 4+ years related experience required
• Detailed knowledge of commercial lending products, credit policy, loan documentation and administration requirements and legal and regulatory guidelines
• Detailed knowledge of and experience applying commercial lending policy and procedures, including lending authority, loan structures, risk ratings, loan to value ratio and other related information
• Excellent Customer service skills, including ability to work with demanding Customers in complex lending relationships
• Strong analytical, problem solving and organizational skills and experience
• Flexible and adaptable to change, with ability to learn new tasks and systems quickly.
• Demonstrated ability to multi-task and learn quickly
• Math skills and accuracy with numbers and transactions required.
• Demonstrates strong attention to detail
• Strong time management skills resulting in successful completion of multiple priorities to meet objectives
• Excellent communications skills, both verbal and written
• PC skills, including extensive experience with and ability to troubleshoot specialized loan administration systems and software and ability to adapt to system changes

Responsibilities

• Manages an assigned account portfolio for new and existing commercial customers to provide consistent professional service and support throughout the total lifecycle of each account
• Assists with the uploading of due diligence received during underwriting, to the image repository system, in preparation of Loan Specialist assignment.
• Assists Credit Management with clearing and management of exceptions
• Capable of working independently and supporting accounts of larger size and complexity and/or larger volume of accounts, for a variety of lending types such as asset-based lending, corporate and commercial loans, commercial real estate finance (real estate mortgages, construction finance, and REITS), healthcare and higher education, and equipment finance
• Assigned accounts may include syndicated or participation loans, cash management accounts, workout, foreign exchange and international letters of credit
• Input necessary information into loan origination system to generate loan documents
• Assists with closing of new loan accounts and submits information for boarding; assists loan team in preparing a complete approval package in preparation for closing.
• Ensures customer accounts are in good order through performing ongoing due diligence (such as tax, UCC, and judgment searches), monitor, track insurance renewals, and verify regulatory information is current and accurate, i.e. authorized signors, OFAC, beneficial owner/control prong and other KYC activities when required
• Assists with portfolio risk by monitoring maturities, loan review dates, and other compliance reporting requiring timely action
• May assist in preparing the most basic financial analysis of less complex loans / industries/ Customers, maintaining credit file, financial statement and assist with analysis memos
• May assist Credit Management with clearing and management exceptions
• Performs lockdown control / QC Function post-approval of a customer request to verify approved terms by Credit Management and Credit Risk align to the loan origination system data
• Performs post boarding review of new loans on loan origination system to ensure data accuracy
• Coordinates credit facility renewals and modification which may involve execution of new loan documentation, modification of existing notes or other actions which may involve approved legal service providers or internal document preparation areas, as applicable
• Builds business relationships with Lending and Credit Management teams to determine appropriate contacts for assigned tasks
• Maintains a strong knowledge of process and procedure for commercial products and services and shares information with others as a subject matter expert.
• Will assist with process improvement and change communication relevant to assigned portfolio
• Serves as subject matter expert for the department
• Serves as a resource and assists with training Credit Management Associates
• Works independently in resolving more complex issues relating to origination process through booking
• May provide support with onboarding activities

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.
• 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