Commercial Credit Underwriter II - Healthcare Practice Solutions

Work Location:

Mount Laurel, New Jersey, United States of America

Hours:

40

Line of Business:

Personal & Commercial Banking

Pay Detail:

$33.00 - $49.50 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.

Job Description:

The Commercial Credit Underwriter II position supports the Large Group Practice / High TGE portion of the Healthcare Practice Solutions Group portfolio. The Underwriter will focus on New Money requests to Borrowers with TGE > $2.5MM, Portfolio Management activities for Borrowers with TGE > $5MM, and Criticized Asset Reviews / High Risk Reviews for all applicable credits within the portfolio. The position may involve more complex borrowing structure, loan structures, covenants and requires a thorough understanding of more complex financial analysis, including being able to compare industry averages and trends to actual and projected performance.

The Commercial Credit Underwriter II analyzes, underwrites and may act as the final decision authority on commercial loan applications while following sound lending practices, policies and procedures. The Commercial Credit Underwriter II ensures compliance with established underwriting guidelines, quality and production guidelines, as well as Federal Banking Regulations and Government Reporting requirements. Responsible for basic financial analysis of less complex loans/industries/Customers.

Depth & Scope:

• May possess loan decision authority up to position authority limits as defined in credit policy
• May possess exception and high-risk authority
• Acts as a mentor and participates in the on-going development of the Underwriting Staff
• Conducts credit investigations and analyzes financial information pertaining to  relationships with Commercial Credit exposure up to  highest authority limits
• Underwrites  loans and performs historical business financial analysis and cash flows, including communicating with the borrower's accountant (as needed) to gain a better understanding of the company's accounting practices
• May perform in-depth analysis of a guarantor's financial position through a thorough investigation of personal financial statements, understanding any contingent liabilities, constructing a global cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation/ loan scoring output data
• May investigate available sources of credit and financial information
• Research economic and market conditions relating to the company, industry and market area
• Notes any deviations from the  loan policy, procedures and guidelines and identification / mitigation of key credit risks, and decision of appropriate structures in order to reduce credit risk
• Identifies credit applications that require  credit enhancements and decision respective applications accordingly
• May render final credit decision within individual lending authority limits, based upon the strengths and risks, collateral analysis, historical financials, business and personal cash flow & balance sheet analysis, ratio & trend analysis, review of credit bureau and business bureau reports / loan scoring output data, management profiles, business/product cycles, industry information, projected operating performance, application data and the ability to repay the proposed debt
• When applicable, considers and discusses alternative structures and overall assessments with market, sales personnel and Customers
• Sets conditions of lending and involvement with shared services functions as needed to expediate loan closings. Meets turnaround requirements of a high-volume loan production environment, while maintaining strong quality of work produced
• Maintains a satisfactory level of portfolio delinquencies and charge-offs
• Ensures departmental compliance with TD Bank Credit Policy, Federal Banking Regulation and Government Reporting requirements

Education & Experience:

• Undergraduate degree preferred
• 4+ years of relevant commercial lending experience