Commercial Credit Approval Officer I - Small Business Administration

Commercial Credit Approval Officer I

The SBA Credit Management department at TD Bank supports all new loan originations of SBA 7a & 504 loans throughout the TD footprint and the portfolio management of all Commercial relationships with a majority of SBA 7a exposure. The department is split into three primary teams : Commercial New Loan Origination; Small Business New Loan Origination; Commercial Portfolio Management. This Commercial Credit Approval Officer will primarily support the Commercial Portfolio Management team by approving Annual Reviews, Criticized Asset Reviews, Interim Reviews, Modifications, and Covenant Tests. The position will also provide mentoring to the underwriters on the team and support approvals and reviews for the other teams as necessary.

The above details are specific to the role which is outlined in the general description below.

The Commercial Credit Approval Officer I acts as the final decision authority on commercial loan applications while following sound lending practices, policies and procedures. Responsible for financial analysis of complex loans / industries / customers and total group exposure limits generally up to $2.5 million. Contributes to team responsibility for insuring satisfactory audit, loan review, and other loan quality metrics. This role will support Credit Management strategic initiatives at the line of business level. The Commercial Credit Approval Officer I ensures compliance with established underwriting guidelines, quality and production guidelines, as well as Federal Banking Regulations and Government Reporting requirements.

Depth & Scope :

• Possesses single signer loan decision authority of $2.5 million, dependent upon specialty business line
• Expected to attain and exercise moderate-risk exception and loan authority
• Leads strategic initiatives that have impact at the team or division level and participate in Line of Business strategic initiatives
• Conducts thorough review of underwriting approval packages prepared by the commercial underwriting team
• 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
• Determines necessary conditions of lending and closing and involvement with shared services functions
• Acts as a mentor and participates in the on-going development of the Underwriting Staff through review of underwritings presented for their final review and provides ongoing feedback to Underwriting management team
• May underwrite the largest and most complex loans within the business unit; performs historical business financial analysis and cash flows; communicating with the borrower's accountant (as needed) to gain a better understanding of the company's accounting practices; conduct credit investigations and analyze financial information pertaining to relationships with Commercial Credit exposure up to highest authority limits
• May 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
• Considers and discusses alternative structures such as SBA and other agencies and overall assessments with market, sales personnel
• 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
• Contributes to discussions of policy and standards adjustments with management team
• Meets turnaround requirements in 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 and Credit Standards, Federal Banking Regulation and Government Reporting requirements

Education & Experience :

/ = $1 million preferred Small Business Administration / Agency, Healthcare Practice Solutions, or other specialty lending experience preferred

Physical Requirements :

Never : 0%; Occasional : 1-33%; Frequent : 34-66%; Continuous : 67-100%

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.

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