Commercial Loan Administrator II, Workout

Work Location:

Port St. Lucie, Florida, United States of America

Hours:

40

Pay Details:

$23.25 - $30.75 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:

Personal & Commercial Banking

Job Description:

The Commercial Loan Administrator II provides ongoing Customer service and documentation support as workout officer's liaison on assigned commercial accounts, providing professional and efficient service to internal Customers to ensure data accuracy, avoid losses and reduce undue risk. The Commercial Loan Administrator II analyzes transaction structure and determines pertinent information to gather from a variety of sources, coordinates preparation and review of loan documentation, ensures policy and regulatory compliance. The Commercial Loan Administrators serve as a resource for one another.

Depth & Scope

• Assists lender with new loan requests for both existing and new borrowers to the Bank
• Level II Commercial Loan Administrator accounts can vary, but typically capable of working more independently and of handling accounts of moderate size and complexity and/or moderate volume of accounts
• Serves as a resource for Commercial Loan Administrator I
• Checks current tax and lien information, tracks financial statements and agency fees
• Verifies evidence of insurance, requests updated financial information and prepares agency reports
• Assists with managing portfolio risk by highlighting maturities, overdrafts and delinquencies
• May interpret documentation required for each credit facility by reviewing loan approval documentation including credit type, time period, interest rate, collateral, guarantors and other general information
• May coordinate credit facility renewals which may involve Customer executing new loan documentation, modifying existing notes or other variations which may involve outside attorneys or internal document preparation areas as needed
• May review loan documentation tickler system, clear ticklers in a timely manner to ensure data accuracy
• Coordinates recording of transactions in the public record, such as sending loan information and associated fees to county clerks and vehicle collateral information to division of motor vehicles
• May input necessary information into loan origination system to generate loan documents. May assist with closing and then submit information for boarding
• Provides documentation and inquiry research support
• Disburses loan proceeds to Customers, checking for proper forms authorizing payment
• Verifies customer advances and payments on lines of credit

Education & Experience:

• High school diploma or equivalent experience
• 2+ years related experience required
• Strong knowledge of commercial lending products, credit policy, loan documentation and administration requirements and legal and regulatory guidelines
• Strong 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
• Analytical, problem solving and organizational skills
• Flexible and adaptable to change, with ability to learn new tasks and systems quickly. Ability to multi-task and learn quickly
• Math skills and accuracy with numbers and transactions required
• Demonstrated strong attention to detail, including ability to review large amounts of detailed documents for accuracy
• Strong communications skills, both verbal and written
• PC skills, including knowledge of loan administration systems and software and ability to adapt to system changes
• PREFERRED QUALIFICATIONS
• Excellent organizational and time management skills

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 eq