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collection manager
Title posted on CareerBeacon - Senior Manager, TDEF Equipment Management, Collections and Loan Recovery Group
Posted on November 17, 2024 by Employer details TD Bank
Job details
Work Location:Burlington, Ontario, CanadaHours:37.5Line of Business:Credit ManagementPay Details:108,800 - 163,200 CADThis role is eligible for a discretionary variable compensation award that considers business and individual performance.TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.Job Description:TD Equipment Financed (TDEF), within the Specialized Finance Group of the Business Bank is a center of excellence for the bank where the primary role is providing equipment financing (leases and loans) to eligible business clients.The Sr. Manager Equipment Management, Loan Recovery and Collections is responsible for overseeing the residual setting process for the return option lease product, equipment valuation methodology, collection strategy for the Small Business Banking / Commercial / Corporate Banking segment at TDEF, and managing internal relationships with Vendor Management, Financial Restructuring Group and BCA. The position reports to the AVP, Credit, TD Equipment Finance, Business Banking and interfaces closely with the TDEF SMT, TDEF Sales & Credit teams, Retail Risk Management, Credit Risk Policy, Financial Restructuring Group, Business Customer Assistance and Credit Product Group. The position is accountable for achieving the Business Banking Quest in addition to delivering profitable business activities in the equipment financed business.Job Description:Assist in executing business plan, goal setting, collection strategies and coaching for the UnitRetain good quality clients in order to help achieve the Business Banking QuestContribute to the businesses economic profit by meeting pricing objectives, price for risk and maximizing recovery of funds.Minimize loss to the Unit by timely response to deteriorating situations.Maximize recovery to the Unit with creative restructuring solutions.Control costs with sensible cost-effective use of third-party professional retained by TDEF.Effective use of various tools BBHub, Sales Force, Ekip, Jira, and CARMA Credit.Maintain strategic relationships with Equipment leasing association members, industry contacts, TDEF US Asset Management Team and American Society of Appraisers Members to ensure access to appraisal data and to maintain updated bid list.Accountabilities to credit & operational risk:Assess and adjudicate credit applications with the appropriate level of risk assessment, credit structure, due diligence, and credit presentation. Ensure the EMG, LRG and collections teams operate in a compliant manner minimizing the regulatory compliance and operational risk to the Bank. Complete all compliance training and attestations within required timelines. Approve credit applications and residual positions within approval discretionary limits and make recommendations on all others.Be knowledgeable in accurately applying credit assessment technics and tools.Oversee the management of a portfolio of higher risk accounts to ensure they are appropriately monitored and actioned to minimize loss to the Unit by timely response to deteriorating situations. Understand the equipment finance market and the industries within the portfolio to ensure value added service is provided to clients while mitigating risk to the Bank.Maintenance and update of the TDEF depreciation tables and collateral tables/curves, through knowledge a- LocationBurlington, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2121214
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