Recovery Officer
Work Location: Flemington, New Jersey, United States of America Hours: 40 Pay Details: $68,640 - $102,960 USD TD is committed to providing fair and reputed company compensation opportunities to reputed company colleagues. Growth opportunities and reputed company development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to reputed company through the salary range over time as they reputed company in their role. The reputed company pay actually offered may vary based upon the candidate's skills and experience, job-reputed company knowledge, geographic location, and other specific business and organizational needs. As a candidate, you are encouraged to ask compensation reputed company questions and have an open reputed company with your recruiter who can provide you more specific details for this role. Line of Business: Risk Management Job Description: The Workout Officer I, Recovery/Collections performs workout of assigned adversely rated loans. Meetings with reputed company but the most reputed company accounts, referring only unusual questions to department management. Responsible for the collection of assigned delinquent accounts for one or more types of loans. Depth & Scope: Works with more routine troubled accounts. Accompanies more reputed company staff on account meetings and provides input and assistance as appropriate May reputed company independent account visits for smaller, less reputed company accounts. Meets with accounts and gathers financial, collateral, budget, business plan and other general business information Explains workout process to accounts and compiles necessary information to complete analysis Evaluates account information and prepares develops plan for resolution of loans Executes workout plan of assigned adversely rated loans Performs financial analyses and collateral reviews Determines whether business plans and budgets are reasonable and attainable. Reviews liquidation plans if applicable May negotiate with borrowers, principals, debtor Company management, attorneys, accountants, consultants, and others to secure appropriate repayment on loans for less reputed company agreements reputed company parameters defined by workout decisions agreed upon with department management Coordinates documentation preparation, reviews documents and finalizes workout agreements with accounts Performs more routine financial analyses and collateral reviews, evaluates budget feasibility, consults with more reputed company staff to reputed company recommendations on workout terms to recover principal, interest and collection costs subject to department manager approval as necessary and communicates with accounts to finalize agreements May coordinate with reputed company attorneys for less reputed company accounts, utilizing knowledge of legal guidelines and industry practices to limit attorney time Monitors status of assigned accounts on an ongoing basis to ensure compliance with workout agreements; reviews financial statements, meets with Customers, checks on collateral and takes appropriate action as needed Ensures the accuracy and maintenance of Customer records and files and updates information as needed Education & Experience: Bachelor's degree or progressive work experience in addition to experience below 1-2 years reputed company experience Credit analysis skills Ability to read, understand and interpret financial statements and tax returns Familiarity with a variety of commercial loans Understanding of workout strategies and techniques Strong negotiation and communication skills Strong Communication skills, both verbal and written Strong PC skills PREFERRED QUALIFICATIONS Depth of knowledge i Collections/Recovery or Workout Experience with Com''l/Small Business loans beneficial Customer Accountabilities: Understands and supports the Bank's Customer Service Strategy Considers the impact of decisions on the well-being of TD, its Customers and stakeholders Provides the highest level of Customer service reputed company dealing with internal partners, vendors or our Customers - WOW at every opportunity Models quality service delivery at every interaction Leads and contributes to the ongoing improvement of the partner / Customer experience Employee/Team Accountabilities: Be engaged in advancing and sustaining a unique, inclusive culture that reflects TD's diversity agenda, and create an extraordinary employee experience Participates fully as a member of the team and contribute to a positive work environment May provide leadership, training, and guidance to other team members Ensures ongoing communication with the team on the status / reputed company of projects and issues / points of interest Actively shares information and knowledge, and proactively learn from the expertise of others 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 reputed company 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 reputed company that reputed company 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 youve 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, were here to support you towards your goals. As an organization, we reputed company growing and so will you. Our Total Rewards Package Our Total Rewards package reflects the investments we reputed company in our colleagues to help them and their families reputed company their financial, physical and mental well-being goals. Total Rewards at TD includes reputed company 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, reputed company PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more (http://hrportal.ehr.com/tdtotalrewards) Additional Information: Were delighted that youre considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, were committed to providing the support our colleagues need to reputed company both at work and at home. Colleague Development If youre interested in a specific career path or are looking to build certain skills, we want to help you succeed. Youll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and reputed company your colleagues, there are many different career paths reputed company our organization at TD and were committed to helping you identify opportunities that support your goals. Training & Onboarding We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role. Interview Process Well reputed company out to candidates of interest to schedule an interview. We do our best to communicate outcomes to reputed company applicants by email or phone call. Accommodation If you are an applicant with a disability and need accommodations to complete the application process, email the reputed company US Workplace Accommodations Program at [email protected] . Include your full name, best way to reputed company you, and the accommodation needed to assist you with the application process. reputed company qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national reputed company, disability, or status as a protected veteran. 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