Healthcare Small Business Credit Officer I

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. 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.

Department Overview

Are you an experienced underwriter with a desire to join and grow with a talented, highly productive team? Small Business Specialty Lending serves the healthcare segment (medical, dental, eye care, veterinary, and other) and is seeking skilled credit officers to serve our internal and external customers.

Job Description

The Small Business Credit Officer I analyzes, underwrites and may act as the final decision authority on small business loan applications while following sound lending practices, policies and procedures. The Small Business Credit Officer I 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.

Job Requirements

May possess loan decision authority up to position authority limits as defined in credit policy
Conducts credit investigations and analyzes financial information pertaining to Small Business relationships with Commercial Credit exposure up to Small Business highest authority limits
Underwrites Small Business 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 a global cash flow analysis, thorough investigation of personal tax returns and credit reporting documentation/ Fair Isaac output data
May investigate available sources of credit and financial information
Researches economic and market conditions relating to the company, industry and market area
Notes 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 risk
Identifies small business credit applications that require Small Business Administration/Agency credit enhancements and decisions respective applications accordingly
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 / Fair Isaacs Scoring Data, management profiles, business/product cycles, industry information, projected operating performance, application data and the ability to repay the proposed debt
When applicable, considers and discusses alternative structures and overall assessments with market, sales personnel and Customers
Sets 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 closing
Meets turnaround requirements of a high volume 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

  • Must be eligible for employment under regulatory standards applicable to the position.


  • Qualifications

    4 year degree or equivalent experience
    2-4 years related experience required
    Prior lending authority preferred
    Strong understanding of credit underwriting and industry practices; previous business and personal financial statement and cash flow analysis required
    Strong analytical skills, ability to analyze small business relationships
    Demonstrated problem solving skills and the ability to blend technical knowledge and good business judgment when making loan decisions
    Strong communication skills, both verbal and written
    Demonstrated excellent organizational, multi-tasking, analytical, time management and decision-making skills
    Good interpersonal skills and a team orientation
    Ability to work with various levels of sales and market personnel
    Advanced PC skills (Microsoft Office)
    Small Business Administration/Agency experience preferred

    Inclusiveness

    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 their 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.