OREO Asset Manager II (US)

Work Location:

Greenville, South Carolina, United States of America

Hours:

40

Pay Details:

$68,640 - $112,320 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

Risk Management

Job Description:

The OREO Asset Manager II is responsible for managing, marketing, and sales of TD Bank owned assets with an appraised value of $250,000 U.S. or less.  This position also includes the creation of management procedures of an annual review and recommends changes as needed.

Depth & Scope:

• Primarily responsible for management of TD Bank assets less than $250,000 U.S. (Control of overall portfolio which can be in excess of $15 million)
• Engages, communicates and negotiates with listing brokers
• Prepares marketing plans and discusses with agents and management as needed
• Negotiates the sales price and terms and conditions of contractual language
• Approves maintenance expenditures, tax payments and HOA expenses as well as required utilities within the approval limit
• Conducts various types of research to include Property/Market value, Tax value, GIS mapping, Title curative issues, etc.
• Possesses working knowledge of real estate and interprets research to manage and mitigate risk associated with TD Bank assets
• Oversees tenant occupied properties to include tenant notification, collection of rent and eviction processing as needed
• Ensures annual appraisals and environmental reports are ordered, evaluated and retained in a document retention system
• Continued monitoring, logging and retention of negotiable items received; balances DDA (account)
• Prepares and provides reports and statements to upper management with a curative action plan
• Creates, analyzes and presents various monthly, quarterly and annual reports to upper management
• Provides expertise and direction to the OREO Asset Analyst staff
• Makes recommendations on techniques to be used in quantifying risk
• Controls the budget of legal, maintenance and utility costs for the controlled asset portfolio
• Assists in writing procedures but does not implement

Education & Experience:

• Work experience equivalent to Bachelor's degree
• 1+ years related experience required
• Strong collateral analysis skills
• Familiarity with a variety of more complex Real Estate
• In-depth understanding of liquidation strategies and techniques
• Strong negotiation skills
• Communication skills, both verbal and written
• Strong PC skills
• Supervisory experience preferred
• Ability to coach and motivate Employees to improved performance and efficiency

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional
• International Travel – Never
• Performing sedentary work – Continuous
• Performing multiple tasks – Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds – Occasional
• Sitting – Continuous
• Standing – Occasional
• Walking – Occasional
• Moving safely in confined spaces – Occasional
• Lifting/Carrying (under 25 lbs.) – Occasional
• Lifting/Carrying (over 25 lbs.) – Never
• Squatting – Occasional
• Bending – Occasional
• Kneeling – Never
• Crawling – Never
• Climbing – Never
• Reaching overhead – Never
• Reaching forward – Occasional
• Pushing – Never
• Pulling – Never
• Twisting – Never
• Concentrating for long periods of time – Continuous
• Applying common sense to deal with problems involving standardized situations – Continuous
• Reading, writing and comprehending instructions – Continuous
• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all r