# Workout Officer III (US) at TD Bank

TD Bank is hiring a Workout Officer III (US) in Portland, United States. Level rates it Little AI ●○○○; you can [apply on Level](https://jobsbylevel.com/go/a42057bc-7bf1-432e-9949-731712aed913?utm_medium=ai-agent).

AI Level 1, AI centrality 38 out of 100. Portland, Maine.

## Details

- Company: [TD Bank](https://jobsbylevel.com/companies/td-bank)
- AI level: AI Level 1 (score 38 out of 100)
- Location: Portland, Maine
- Posted: October 15, 2026
- Apply: https://jobsbylevel.com/go/a42057bc-7bf1-432e-9949-731712aed913?utm_medium=ai-agent

## Description

Work Location: Portland, Maine, United States of America Hours: 40 Pay Details: $115,440 - $173,160 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. Line of Business: Risk Management Job Description: The Workout Officer III performs workout of assigned adversely rated loans. Meetings with all but the most complex 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: Communicates workout decisions to Customers Negotiates specific terms and conditions for more complex agreements within parameters defined by workout decisions in coordination with appropriate internal staff and outside professionals as necessary Coordinates with outside attorneys for more complex accounts, utilizing more in-depth knowledge of legal guidelines and industry practices to limit attorney time Reviews workout plans and recommendations with department management Provides background information on accounts and supports recommendations with clear explanations of data, reasoning and analysis Obtains support and approval of recommendations from department management or modifies them as needed Provides guidance and training to less experienced staff Implements liquidation plans with accounts as needed, converting assets into cash and closing accounts; seizes assets, forecloses real estate and coordinates third party asset sales Utilizes extensive industry contacts to determine interest in available assets Attends auctions of seized property to make minimum bids on assets to protect Company's financial position Meets with accounts and gathers financial, collateral, budget, business plan and other general business information in close coordination with commercial lenders and other appropriate internal and outside staff as necessary, including Customer financial staff, turnaround consultants, accounting firms, attorneys and others Explains workout process to accounts and compiles necessary information to complete analysis Evaluates complex account information and prepares project plan documentation for account file Performs in-depth financial analyses and collateral reviews Determines whether business plans and budgets are reasonable and attainable Reviews liquidation plans if applicable Coordinates with line management and other appropriate internal areas as necessary Develops complete workout plans which may include unusual specialized financing arrangements Negotiates with borrowers, principals, debtor Company management, attorneys, accountants, consultants, and others to secure appropriate repayment on loans for more complex agreements within parameters defined by workout decisions agreed upon with department management with limited need for outside attorney time because of in-depth knowledge of industry practices and legal requirements Coordinates documentation preparation, reviews documents and finalizes workout agreements with accounts Performs all of the functions of a Workout Officer I and II, but handles the most complex deals and has extensive knowledge of workout methods, procedures and techniques Performs workout of assigned adversely rated loans, meeting with the most complex accounts independently, while keeping department management informed Responds promptly to new

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Source: https://jobsbylevel.com/jobs/workout-officer-iii-us-at-td-bank-6f9f93

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