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Loan Underwriter III

Company: TD Bank
Location: Cherry Hill
Posted on: May 3, 2021

Job Description:

Loans decision authority up to position authority limits as defined in credit policyMay possess exception and high risk authorityActs as a mentor and participates in the on-going development of the Underwriting StaffConducts credit investigations and analyzes financial information pertaining to Small Business relationships with Commercial Credit exposure up to Small Business highest authority limitsUnderwrites Small Business Loans and performs historical business financial analysis and cash flows, including communicating with the borrowers accountant (as needed) to gain a better understanding of the companys accounting practicesPerforms In-depth analysis of a guarantors 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/ Fair Isaac output dataMay investigate available sources of credit and financial informationResearches economic and market conditions relating to the company, industry and market areaNotes any deviations from the small business loan policy, procedures and guidelines and identification / mitigation of key credit risks, and decision of appropriate structures in order to reduce credit riskIdentifies small business credit applications that require Small Business Administration/Agency credit enhancements and decision respective applications accordinglyRenders final credit decision within individual lending authority limits, based upon the strengths and risks, collateral analysis, historical financials, business and personal cash flow u0026 balance sheet analysis, ratio u0026 trend analysis, review of credit bureau and business bureau reports / Fair Isaacs Scoring Data, management profiles, business/product cycles, industry information, projected operating performance, application data and the ability to repay the proposed debtConsiders and discusses alternative structures and overall assessments with market, sales personnel and CustomersProven leadership skills including coaching, counseling and mentoring of underwriting staffSets conditions of lending and involved with post approval review with the post approval team to ensure conditions of lending are met or appropriately mitigated prior to loan closingMeets turnaround requirements of a high volume loan production environment, while maintaining strong quality of work producedMaintains a satisfactory level of portfolio delinquencies and charge-offsEnsures departmental compliance with TD Bank Credit Policy, Federal Banking Regulation and Government Reporting requirementsMust be eligible for employment under regulatory standards applicable to the position.The Small Business Credit Officer II analyzes, underwrites and acts as the final decision authority on small business loan applications while following sound lending practices, policies and procedures. The Small Business Credit Officer II ensures compliance with established underwriting guidelines, quality and production guidelines, as well as Federal Banking Regulations and Government Reporting requirements including but not limited to Fair Lending, Know Your Customer, Bank Secrecy Act and other applicable Anti-Money-Laundering policies.4 year degree or equivalent experience4-7 years related experience requiredPrior lending authority preferredStrong understanding of credit underwriting and industry practicesPrevious business and personal financial statement and cash flow analysis requiredProven analytical skills, ability to analyze small business relationshipsDemonstrated problem solving skills and the ability to blend technical knowledge and good business judgment when making loan decisionsStrong communication skills, both verbal and writtenDemonstrated excellent organizational, multi-tasking, analytical, time management and decision-making skillsStrong interpersonal skills and a team orientationAbility to work with various levels of sales and market personnelAdvanced PC skills (Microsoft Office)Small Business Administration/Agency experience preferredStrong communication skills, both verbal and written

Keywords: TD Bank, Cherry Hill , Loan Underwriter III, Other , Cherry Hill, New Jersey

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