Commercial Credit Underwriter III

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America. The Commercial Credit Underwriter III analyzes and underwrites commercial loan applications, ensuring compliance with lending practices and regulations while mentoring underwriting staff.

Responsibilities:

• Analyzes, underwrites and may act as the final decision authority on commercial loan applications while following sound lending practices, policies and procedures
• 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
• May possess loan decision authority up to position authority limits as defined in credit policy
• Expected to attain 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
• Performs in-depth analysis of a guarantor's financial position through a thorough investigation of personal financial statements, understanding any contingent liabilities, constructing cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation
• 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 such as SBA and other agencies
• Renders 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 management profiles, business/product cycles, industry information, projected operating performance, application data and the ability to repay the proposed debt
• Considers and discusses alternative structures and overall assessments with market, sales personnel
• Proven leadership skills including coaching, counseling and mentoring of underwriting staff
• Sets conditions of lending and involvement with shared services functions as needed to expediate loan closings
• Meets turnaround requirements of a 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