Job description
TD Description
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J.
We offer a competitive salary and benefit program, including: comprehensive, affordable health care through medical, dental, and vision coverage; financial security with life and disability insurance; opportunities to save using health savings and flexible spending accounts; retirement benefits to help prepare for the future; paid time off and work/life benefits to maintain a good balance.
Department Overview
***Position is a remote position***
Job Description
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
Job Requirements
Bachelor's degree (accounting/finance preferred) or work experience equivalent to a Bachelor's degree required
3+ years related experience required, preferably in Construction Administration or Commercial /Real Estate Lending or Credit Management
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
Qualifications
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.
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