TD Bank Commercial Portfolio Loan Specialist in Ramsey, New Jersey
Auto req ID 194308BR
Job Title Commercial Portfolio Loan Specialist
Job Status Full Time
Country United States
Province/State New Jersey
Location Crescent Building
Business line Other
Job Category - Primary Operations & Underwriting
Job Category(s) Operations & Underwriting
TD Description About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. at http://www.tdbank.com/ Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US .
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com at http://www.td.com/ .
The Commercial Portfolio Loan Specialist is responsible for administering and monitoring a Commercial Construction loan portfolio. The job
assesses and maintains compliance with loan documentation and Commercial Construction loan Credit Standards to manage the Banks
construction risk during the construction process.
Responsible for the management and overall administration of a portfolio of commercial construction loans beginning at the preclosing
phase thru project completion
Serves as a resource to the Line of Business and Credit Risk Officers in regards to TD Construction Loan Credit Standards, policies and
procedures. Provides high-quality internal and external customer service and support with the ability to handle large complex and high
profile projects. Assists with inquires, research and problem resolution for the Line of Business and the customer.
Works closely with the Line of Business, Borrower and CLS team during the pre-closing process. Reviews all construction
documentation for conformity to the TD Credit standards for construction loans. Contributes to establishing a detailed project budget
and balanced sources and uses. Interprets complex credit policies, legal and title requirements and regulatory guidelines to ensure loan
documents meet applicable standards from preparation through execution. Reviews and approves all closing disbursements.
Analyzes requests for funding against established budgets, sources and uses, and identifies any exceptions. Reviews all advance
request documentation in detail against approved controls, including AIA's, inspection reports, lien waivers and soft cost invoices. Is
relied on to make recommendations for funding as well as hold backs, based on knowledge of the project and TD Bank construction
Maintains a balance between project costs and funding sources, ensuring the Banks risk is mitigated
Reviews Inspection reports for accuracy and completeness of information provided. Follows up with external engineer and TD Bank
Engineering Dept. to make recommendations and resolve any issues or exceptions noted. Keeps Line of Business abreast of status of
the project and any issues.
Maintains internal record keeping of loan disbursements and project progress through input to TD Bank's construction monitoring
system. Ensures the accuracy and maintenance of customer records and files. Coordinates processing of advances and repayments for
Develops understanding of commercial products and services, understands and ensures adherence to Company guidelines, policies and
procedures regarding construction loans. Maintains a general overall knowledge of the construction lending industry and a detailed
understanding of appropriate regulations and guidelines.
Bachelor's degree (accounting/finance preferred) or work experience equivalent to a Bachelor's degree required
3-5 years related experience required, preferably in Construction Administration or Commercial /Real Estate Lending or Credit
Excellent written and verbal communication skills
Excellent customer services skills for both internal and external customers.
Ability to review and identify issues as well as make educated recommendations for resolution within scope of their authority.
Aptitude for analysis, systems and mathematics
Attention to detail with the ability to prioritize in a high volume environment.
PC proficient with strong Excel skills.
Hours 8:30 AM - 5:00 PM
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.
If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.
**Province/State (Primary) New Jersey
City (Primary) Ramsey