Loan Specialist II (US)

TD • Ramsey, NJ

1d • $24 - $34

About The Position

The Loan Specialist II manages and administers a portfolio of loans from origination through to closing in accordance with Bank policies, procedures, and regulatory requirements within commercial space.

Requirements

• 4 year degree or equivalent experience required
• 3+ years related experience required
• Demonstrated ability to provide excellent Customer service to internal and external Customers
• Excellent PC skills and familiarity with standard office equipment
• Ability to work in a fast-paced, dynamic environment
• Detail-oriented, self-motivated and able to work independently in handling a heavy workload
• Possesses organizational, analytical and decision-making skills
• Effective interpersonal, verbal and written communication skills
• Strong knowledge of loan documentation title policies, appraisals, environmental assessment, entity formation documents and bank policies and procedures
• Paralegal experience/knowledge needed
• Project management skills

Responsibilities

• Manages a loan pipeline from origination through to closing and funding in accordance with Bank policies and procedures
• Provides documentation and Bank policy and procedure guidance to all lending areas
• Conducts searches and performs necessary due diligence
• Ensures all applicable loan documentation is uploaded to image repository system
• Handles loans that are complex in nature ensuring all documentation are in compliance
• Resolves complex issues relating to closings
• Verifies all quality control procedures are maintained and monitored
• Serves as a resource for Loan Specialist I
• Ensures all loans are closed without critical, noncritical or regulatory exceptions
• Ensures all required loan conditions (insurance, collateral, etc.) are sufficient and properly documented and in compliance with bank policy
• May manage/confirm TD changes are consistent with system requirements
• Evaluates best course of action taking into account bank policy, regulatory requirements, impact to the customer, and impact to the bank as well as cost factors
• Manages/takes appropriate actions to ensure loans are ready to be funded, booked and properly set-up if necessary
• Generates and maintains loan documentation from beginning to finish ensuring adherence with compliance with bank policy procedures regulatory requirements and lending conditions
• Establishes relationships with applicable operation teams, relationship management team, credit offers and others as needed
• Acts as liaison with bank counsel, compliance, asset based lending, leasing, government banking, derivatives, construction loan administration, brokers, international department, and various other parties to the loan as needed

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