TD Bank Jobs

Job Information

TD Bank Workout Officer III (US), South Florida in Fort Lauderdale, Florida

Work Location:

Fort Lauderdale, Florida



Pay Details:

$110,760.00 - $166,400.00 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.

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 Workout Officer III, South Florida performs workout of assigned adversely rated loans. Meetings with all but the most complex accounts, referring only unusual questions to department management. Responsible for the collection of assigned delinquent accounts for one or more types of loans.

Depth & Scope:

  • Communicates workout decisions to Customers

  • Negotiates specific terms and conditions for more complex agreements within parameters defined by workout decisions in coordination with appropriate internal staff and outside professionals as necessary

  • Coordinates with outside attorneys for more complex accounts, utilizing more in-depth knowledge of legal guidelines and industry practices to limit attorney time

  • Reviews workout plans and recommendations with department management

  • Provides background information on accounts and supports recommendations with clear explanations of data, reasoning and analysis

  • Obtains support and approval of recommendations from department management or modifies them as needed

  • Provides guidance and training to less experienced staff

  • Implements liquidation plans with accounts as needed, converting assets into cash and closing accounts; seizes assets, forecloses real estate and coordinates third party asset sales

  • Utilizes extensive industry contacts to determine interest in available assets

  • Attends auctions of seized property to make minimum bids on assets to protect Company's financial position

  • Meets with accounts and gathers financial, collateral, budget, business plan and other general business information in close coordination with commercial lenders and other appropriate internal and outside staff as necessary, including Customer financial staff, turnaround consultants, accounting firms, attorneys and others

  • Explains workout process to accounts and compiles necessary information to complete analysis

  • Evaluates complex account information and prepares project plan documentation for account file

  • Performs in-depth financial analyses and collateral reviews

  • Determines whether business plans and budgets are reasonable and attainable

  • Reviews liquidation plans if applicable

  • Coordinates with line management and other appropriate internal areas as necessary

  • Develops complete workout plans which may include unusual specialized financing arrangements

  • Negotiates with borrowers, principals, debtor Company management, attorneys, accountants, consultants, and others to secure appropriate repayment on loans for more complex agreements within parameters defined by workout decisions agreed upon with department management with limited need for outside attorney time because of in-depth knowledge of industry practices and legal requirements

  • Coordinates documentation preparation, reviews documents and finalizes workout agreements with accounts

  • Performs all of the functions of a Workout Officer I and II, but handles the most complex deals and has extensive knowledge of workout methods, procedures and techniques

  • Performs workout of assigned adversely rated loans, meeting with the most complex accounts independently, while keeping department management informed

  • Responds promptly to new and unusual business situations

  • Works independently and autonomously

Education & Experience:

  • Bachelor's degree or progressive work experience in addition to experience below

  • 5-7 Years of related experience

  • Strong credit analysis skills

  • Ability to read, understand and interpret complex financial statements

  • Strong understanding of a wide variety of complex and unusual financing arrangements

  • In-depth understanding of workout strategies and techniques

  • Strong negotiation skills

  • Strong Communication skills, both verbal and written

  • PC skills

  • Preferred Qualifications: Bilingual, Spanish

Customer Accountabilities:

  • Understands and supports the Bank's Customer Service Strategy

  • Considers the impact of decisions on the well-being of TD, its Customers and stakeholders

  • Provides the highest level of Customer service when dealing with internal partners, vendors or our Customers - WOW at every opportunity

  • Models quality service delivery at every interaction

  • Leads and contributes to the ongoing improvement of the partner / Customer experience

Employee/Team Accountabilities:

  • Be engaged in advancing and sustaining a unique, inclusive culture that reflects TD's diversity agenda, and create an extraordinary employee experience

  • Participates fully as a member of the team and contribute to a positive work environment

  • May provide leadership, training, and guidance to other team members

  • Ensures ongoing communication with the team on the status / progress of projects and issues / points of interest

  • Actively shares information and knowledge, and proactively learn from the expertise of others

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (

Additional Information:

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.


If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Federal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.