Mount Laurel, New Jersey

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 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. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_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.

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

The ABL Collateral Analyst II is required to analyze collateral information (submitted by bank clients) to determine the eligibility and integrity
of collateral values as they are used in the calculation of collateral/loan availability. The ABL Collateral Analyst II advances funds against
pre-approved lines of credit based upon the timely and accurate analysis and updating of results from the analysts independent review and
analysis of collateral information/values. This job provides highly specialized collateral analysis and monitoring support to the Commercial
Bank and ABL credit teams, and to bank clients, for senior secured credit facilities The ABL Collateral Analyst II serves as a subject matter
expert, on current asset collateral, providing regular and ongoing collateral/availability trend analysis, root cause analysis/due diligence, and
exception analysis.

Job Description

Applies analytical tests and analyzes Foreign Credit Insurance limits, EXIM working capital program specifications, LC terms
and applicability, multiple aging considerations, and the application of caps and/or reserves
• Identifies trends in reporting, collateral analysis results or availability, performs due diligence/root cause analysis/
investigation, demonstrates sound critical thinking skills, and escalates facts to the Operations Supervisor/Manager to
determine appropriate action
• Monitoring:
• Tracks and gathers required collateral information
Tracks and analyzes collateral availability and Customer trends and prepares management reports according to established
department policies and procedures and legal/regulatory guidelines
• Prompts identification of over-advance situations or collateral discrepancies and escalates appropriately for prompt and
accurate resolution

Reporting & Remediation:
Recommends and implements the appropriate strategy to address collateral issues; Performs the required research,
investigation and prepares reports/communications relating to collateral issues/position, identifies resolution options and
required course of action; Obtains the necessary guidance and approvals from Operations management and credit team
members
• Communicates clearly and effectively the key results and highlights of the analyses, and important status relating to collateral
exceptions, BBC discrepancies, and over-advance status to credit team members and Operations management
• Formulates a clear, concise, yet comprehensive presentation of facts surrounding collateral exceptions/issues toward a timely
resolution objective
• Provides Customers with results of analysis, account information as requested and ability to determine the appropriate next
steps in identifying root cause; Completes proactive research, through Field Exams, prior analyses, RM/client inquiry, as
appropriate, and resolving any discrepancies and/or disputes

Other:
Refers and validates key loan and collateral terms against important source documentation including the loan agreement, field
examination documentation, internal credit approval documentation, and underwriting/credit policy references
• Develops Excel macros ulas and models; Utilizes Monarch software in the development, and maintenance of collateral
analysis models, leveraging experience gained in collateral analysis; Develops/constructs a Borrowing Base Report template
specific to particular loan/collateral structures
• Works more autonomously, requiring less supervision, and exhibiting leadership qualities in terms of providing guidance to
junior team members
• May accompany the Operations Supervisor and Credit Team on on-site Customer visits to review collateral
monitoring/transaction protocols, reporting, collateral analysis/calculation activities

Job Requirements

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


  • Qualifications

    • Bachelors degree with area of focus in Business, Accounting or Finance preferred
    2+ Years of related experience involving knowledge and practical experience with accounting/financial entry practices and
    procedures
    • Possesses and demonstrates near expert knowledge of department processes, collateral analysis, internal support and
    transaction support functions

    • Proven proficiency in Reconcilement/ Analysis-related job functions
    • Knowledge of Asset Based Lending products/services and offerings
    • Experience with Asset Based Lending software including Stucky or related software
    • Knowledge with bank systems, including, but not limited to Loan, DDA, LC, Treasury Management and File Management
    Proven proficiency in basic Microsoft Excel and Word use. Basic Excel, with some experience with macros ulas is
    preferred
    • General knowledge of credit & collateral analysis techniques
    Very strong communication skills, both verbal and written. Ability to present a concise synopsis of a situation and
    recommended outcome/action/resolution

    • Proven ability to engage in deeper analytical thinking and utilization of problem solving skills
    • Self-directed toward meeting deadlines
    • Ability to maintain the confidentiality of credit and Customer information
    • Very strong and positive interpersonal skills and team orientation
    • Leadership qualities exhibited

    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.

    Mount Laurel, New Jersey

    Opportunity awaits at TD Bank...join us!

    As America's Most Convenient Bank, we need to WOW! our customers every day! That's why we're looking for talented, motivated people with a passion for excellence, a focus on the customer and the drive to Build The Better Bank. If you have what it takes to be a part of something legendary – we have an opportunity for you!

    Come grow with us!
    Whether you have years of banking experience and are looking for a different kind of bank, or if you're beginning your career in financial services, we have opportunities for you. With award-winning career training programs, competitive salaries and incentives, full and part-time schedule choices, and a complete range of benefits, this is the place to be!

    Are you ready?
    Get started by checking out the exciting opportunities available at TD Bank.

    Are you already a TD Bank Employee? Please visit TD Bank's company intranet to apply for your next position.

    Similar jobs