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Commercial Loan Administrator
TD Bank
Flemington, NJ, United States
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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.
Job Description
The Commercial Loan Administrator II provides ongoing Customer service and documentation support as Workout Officers's liaison on assigned commercial accounts, providing professional and efficient service to external and internal Customers to ensure data accuracy, avoid losses and reduce undue risk. The Commercial Loan Administrator II analyzes transaction structure and determines pertinent information to gather from a variety of sources, coordinates preparation and review of loan documentation, ensures policy and regulatory compliance.
The Commercial Loan Administrators serve as a resource for one another.
Job Requirements
• Assists lender with new loan requests for both existing and new borrowers to the Bank.
• Level II Commercial Loan Administrator accounts can vary, but typically capable of working more independently and of handling accounts of moderate size and complexity and/or moderate volume of accounts.
• Provides administrative support for Workout portfolio and serves as additional point of contact for internal and external customers
• Responsible for maintenance of deposit accounts, wire transactions, loan disbursements and other monetary transactions in portfolio.
• Serves as a resource for Commercial Loan Administrator I.
• Checks current tax and lien information, tracks financial statements and agency fees.
• Verifies evidence of insurance, requests updated financial information and prepares agency reports.
• Assists with managing portfolio risk by highlighting maturities, overdrafts and delinquencies.
• May interpret documentation required for each credit facility by reviewing loan approval documentation including credit type, time period, interest rate, collateral, guarantors and other general information.
• May coordinate credit facility renewals which may involve Customer executing new loan documentation, modifying existing notes or other variations which may involve outside attorneys or internal document preparation areas as needed.
• May review loan documentation tickler system, clear ticklers in a timely manner to ensure data accuracy.
• May input necessary information into loan origination system to generate loan documents. May assist with closing and then submit information for boarding.
• Provides documentation and inquiry research support.
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 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.