Retail Credit Analyst (US)

Work Location: Southfield, Michigan, United States of America

Hours: 40

Line of Business: Credit Management

Pay Detail: $25.00 - $26.25 USD

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:

The Retail Credit Analyst analyzes consumer retail applications following and adhering to the procedures and policies set forth by the company in a consistent and repeatable manner. The Analyst is evaluated on performance metrics to acquire business to generate profit for the organization while ensuring compliance to mitigate risk. This job provides excellent customer service while effectively communicating credit decisions to clients to support the company's competitive advantage.

Depth & Scope:

• Performs in-depth analysis, investigation and decisioning on retail and lease credit applications based on the company risk policy and 4 Cs of credit and then educate and communicate decisions to appropriate dealers and business clients.
• Performs detailed verification and documentation for all applications that meet the approval criteria.
• Provides superior customer service while building professional rapport with clients to sustain acceptable cashing ratios and a balanced portfolio mix.
• Ensures compliance to all corporate standards, processes and procedures outlined in the Credit Policy Manual and set forth by management.
• Executes client level strategies as outlined by management.
• Assists clients and the funding department in any contract problems and funding issues that may occur.
• Engages in appropriate credit training, personnel development and coaching exercises as designated by management.

Education & Experience:

• Bachelor's degree or 2 years automotive finance experience required.
• Proven ability to review and interpret credit reports preferred.
• Thorough understanding of Federal and State legislation affecting the finance and insurance business preferred.
• Complete knowledge of Credit Policy and applicable processes and procedures relating to risk and consumer credit operations preferred.

Additional Job Information:

TD Auto Finance (TDAF), a division of TD Bank, offers a full range of products and services for automobile dealerships.

We are hiring for a new TDAF Retail Credit Analyst class, starting on 1/21/2025, in Southfield, MI.

We offer 6 weeks of paid training. Training will be Monday - Friday 9 am to 6 pm. Position will initially be "in-office", located in Southfield, with the possibility of hybrid after 6 months, after certain milestones are met.

The shift for this position will be 12pm to 9pm or 2pm to 11pm, including mandatory Saturdays. Day off will be Sunday and one day off during mid-week.

This is a great opportunity for recent college graduates or those looking to transition from the mortgage underwriting industry.

Who We Are:

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions.

Our Total Rewards Package:
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards and several other key plans such as 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, and reward and recognition.

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development:
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll 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.

Training & Onboarding:
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process:
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all 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 TD Bank US Workplace Accommodations Program. Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.