Note: The job is a remote job and is open to candidates in USA. TD Bank is a global financial institution providing banking services to households and businesses. The Merchant Services Senior Credit Analyst evaluates complex merchant credit requests by analyzing financial statements, cash flow, operating performance, and industry data, then recommends risk ratings and credit decisions. The role also performs underwriting, supports merchant account profitability and risk management, and participates in training and special projects.
Responsibilities
- Accountable for larger, more complex credits and have higher approval limits
- Analyzes financial statements, management profiles, business/product cycles, and cash flow ability to develop an assessment of credit risk including reviewing in-depth historical operating performance
- Develops assessment/summary by identifying key strengths and risks, recommending a decision and a risk rating
- Independently discusses and recommends alternative structures, overall assessments, and any outstanding requirements with merchant Sales Reps
- Performs quality underwriting for merchant application requests
- May begin to analyze requests in a specific industry, that are complex in structure, or of a large market nature
- Approves and/or recommends accounts within established merchant credit policy and individual credit approval limit authority
- Independently prepares analyses for designated merchant accounts that includes identifying any deviations from the merchant policy, recommending processing or reserve changes in order to preserve profitability, reduce credit risk and merchant exposure
- Performs a financial analysis on customer-provided or bank-generated projections including the performance of "what-if" scenarios that test the reasonableness of the projections provided to the Company
- Collects and maintains industry data from outside sources, including conversations with the borrower, industry publications, payment card network information, etc to assist with approach to risk assessment
- Participates in and/or assists in leading internal training activities to sales and customer service employees
- Participates in special projects and performs additional duties as required e.g. AML reporting
- Represents TD at civic, professional and bank-sponsored events; serves on non-profit boards and participates in professional organizations, as opportunities become available
Skills
- * 4 Year Degree or equivalent
- * 3-5 Years of credit risk experience
- * Credit and Financial statement analysis experience
- * Highly motivated and committed to providing superior service
- * Strong communication skills, interpersonal skills and the ability to work independently and as part of a team are essential
- * Requires superior analytical skills and the ability to exercise sound judgment to make decisions
- * Proven accuracy, well organized and able to multi-task to meet SLAs
- * Expert knowledge of practices and procedures as related to Payment Card Network rules and regulations
- * Domestic Travel – Occasional
- * International Travel – Never
- * Performing sedentary work – Continuous
- * Performing 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 deal with problems involving standardized situations – Continuous
- * Reading, writing and comprehending instructions – Continuous
- * Adding, subtracting, multiplying and dividing – Continuous
Benefits
- Variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan)
- 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
- Reward and recognition
- Regular career, development, and performance conversations with your manager
- Access to an online learning platform
- A variety of mentoring programs
- Training and onboarding sessions
Company Overview
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