Com'l Portfolio Loan Spec

at TD Bank in Wilmington, Delaware, United States

433195BR

Job Title:

Com’l Portfolio Loan Spec

Company Overview:

Our Values

At TD, we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and behaviors. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career, and be part of our caring and inclusive culture.

Making Your Well-being a Priority

A caring and supportive culture that promotes colleague well-being is core to who we are. At TD, we focus on total well-being with extensive programs to help colleagues assess, manage, and improve their well-being across four core pillars – physical, financial, social and mental/emotional. In addition, we champion a safe and inclusive work environment, so colleagues feel a sense of belonging and feel supported in their personal and professional growth. Through our focus on well-being, we know that we can help our colleagues thrive, contribute to our culture of care, and support better business outcomes, because when colleagues feel their best, they’re more likely to do their best.

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.

How We Work

At TD, we believe in-person connections fuel collaboration and collective creativity. Our workplace experience empowers colleagues to do great work side-by-side at TD locations, while offering flexibility to work remotely where it makes sense for the work and team. Our teams work in one of three workplace models: hybrid, onsite and primarily remote. Wherever our colleagues are working, they’ll always have access to the TD community to experience our culture of care.

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.

Auto req ID:

433195BR

Department Overview:

This is a remote position within the Commercial Lending space. The schedule is Mon-Fri 8a-5p. The department handles commercial construction loans, both pre and post-closing. The candidate will work with the line of business and relationship manager on the loan, ensuring due diligence has been completed such as contracts, title statements, surveys, permits, insurance, etc – prior to closing. Once loans close, the department is the first line of defense, working with borrowers for construction draws once a month and funds construction in advance. Occasional inbound and outbound calls will be needed for additional information or inquires.

Country:

United States, US TD Footprint

Job Requirements:

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

+ Responsible for the management and overall administration of a portfolio of commercial construction loans beginning at the pre-closing 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 inquiries, 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 policies

+ Maintains a balance between project costs and funding sources, ensuring the Bank’s risk is mitigated

+ Reviews Inspection reports for accuracy and completeness of information provided; Follows up with external engineer and TD Bank Engineering Department 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 the project

+ 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

Hours:

40

Job Details:

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 Bank’s construction risk during the construction process.

Inclusiveness:

Our Commitment to Diversity, Equity, and Inclusion

At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.

EOE /Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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