The Credit Analyst II for Equipment Finance plays a key role within Credit Management by conducting industry and financial assessments for current and prospective borrowers. The position supports Lending and Credit decision-making through underwriting analysis, approval documentation, and ongoing monitoring of credit risk and regulatory compliance.
Key Responsibilities
- Perform financial analysis for moderately complex loans, industries, and customers.
- Operate with increased independence under the guidance and review of lead staff.
- Apply knowledge of loan risk factors to support credit decisions.
- Research industry-specific information using external sources, which may include borrower conversations, industry publications, reference materials, input from other banks, credit agencies, and online resources.
- Participate in customer meetings and make direct inquiries for specific customer information based on prior research, experience, and knowledge (travel may be required at times).
- Support the loan origination process by completing underwriting analysis of borrower character, creditworthiness, and financial condition.
- Provide analytical support to the lending function.
- Prepare clear, timely approval memorandums for presentation to appropriate lending and credit authorities.
- Analyze financial statements and related factors including management profiles, business and product cycles, cash flow capacity, collateral, agings, and other relevant information to identify trends and assess financial strength and credit risk.
- Prepare written credit analyses and recommendations, including approval, denial, or alternative structures when necessary.
- Maintain credit files, monitor updated financial information, and prepare updated analysis memos.
- Monitor adherence to regulatory requirements.
- Identify deviations from the Company Commercial Loan Policy in written analysis and become familiar with alternative structures that may help reduce credit risk.
- Meet operational performance standards related to quality and timeliness.
Required Qualifications
- 4-year degree or equivalent experience.
- 2+ years of related experience.
- Demonstrated knowledge of credit and financial analysis techniques.
- Ability to gather, consolidate, analyze, and summarize data to produce well-considered recommendations with increasing independence.
- Strong oral and written communication skills.
- Strong analytical and research skills.
- Developed PC skills, including demonstrated proficiency with word processing and spreadsheet software.
- Ability to multi-task and meet deadlines.
- Capacity to maintain confidentiality of credit and customer information.
- Good interpersonal skills and a team-oriented approach.
Benefits
- 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.
- Base salary and variable compensation/incentive awards, including eligibility for cash and/or equity incentive awards generally through participation in an incentive plan.
- Reward and recognition.
- Training programs.
- Competitive benefits plan.
Work Location and Schedule
Location: Mount Laurel, NJ, United States of America (onsite).
Hours: 40
Compensation
Pay range: USD 29.00 - 44.00 per hourly.
Pay details: $29.75 - $44.50 USD
Line of Business
Credit Management
Physical Requirements
- Domestic travel: Occasional.
- International travel: Never.
- Sedentary work: Continuous.
- Multiple tasks: Continuous.
- Operating standard office equipment: Continuous.
- Responding quickly to sounds: Occasional.
- Sitting: Continuous.
- Standing: Occasional.
- Walking: Occasional.
- Moving safely in confined spaces: Occasional.
- Lifting/Carrying (under 25 lbs.): Occasional.
- Lifting/Carrying (over 25 lbs.): Never.
- Squatting: Occasional.
- Bending: Occasional.
- Kneeling: Never.
- Crawling: Never.
- Climbing: Never.
- Reaching overhead: Never.
- Reaching forward: Occasional.
- Pushing: Never.
- Pulling: Never.
- Twisting: Never.
- Concentrating for long periods of time: Continuous.
- Applying common sense to standardized situations: Continuous.
- Reading, writing, and comprehending instructions: Continuous.
- Adding, subtracting, multiplying, and dividing: Continuous.
Colleague Development
Regular career, development, and performance conversations with your manager are supported by access to an online learning platform and mentoring programs to help build future opportunities.
Training and Onboarding
Training and onboarding sessions will be provided to support success in the role.
Interview Process
- TD Bank reaches out to candidates of interest to schedule an interview.
- Outcomes are communicated to applicants by email or phone call.
Accommodation
If you need accommodations to complete the application process due to a disability, email USWAPTDO@td.com. Include your full name, best way to reach you, and the accommodation needed to assist you with the applicant process.
