M&T Bank Corporation

Collections & Credit Specialist

M&T Bank Corporation$72K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree preferred
  • Minimum 3 years related work experience
  • Experience with an equipment finance firm preferred
  • Familiarity with consumer and commercial credit reports
  • Understanding of promissory notes and repayment laws

Responsibilities

  • Collect on delinquent MTEFC accounts following laws and policies
  • Contact borrowers to discuss past due accounts and develop payment strategies
  • Manage customer service requests related to portfolio accounts
  • Analyze financial information to develop payment strategies for complex cases
  • Review borrower applications and recommend loan modifications
  • Recommend late-stage collection activities such as repossessions
  • Promote a supportive environment reflecting the M&T Bank brand

Benefits

  • Supportive workplace culture promoting belonging
  • Professional development opportunities
  • Comprehensive benefits package
  • Opportunity for involvement in diverse financial activities
  • Engagement with management in complex financial strategy decisions
Full Job Description
Overview:

Reporting to the SVP, Operations this position is responsible for collecting all levels and stages of delinquency in the M&T Equipment Finance Corporation ("MTEFC") loan portfolio. Gathers and analyzes financial information and makes recommendations to management regarding loss mitigation, collateral valuation, and recovery strategy. Coordinates and closes loan modifications, public foreclosure sales, and repossession activities for the MTEFC portfolio.

Primary Responsibilities:
  • Collect on all levels and stages of past due MTEFC accounts in compliance with Federal and local collection laws and internal credit policies and procedures. Document all collections activity within the collections system. Provide regular status reports to Operations Management regarding account-level activities.
  • Contact borrowers, guarantors, and their representatives to discuss past due status and develop payment strategies to return accounts to current status. Work closely with sales team members and other outside resources to effectively manage delinquent accounts and minimize potential losses. Identify and communicate risk-related issues needing escalation to management.
  • Manage portfolio-related customer service requests to include account reconciliations, amortization schedules, payoff requests, general account research and other similar tasks.
  • Understand and utilize consumer and commercial credit reports, gather financial statements, tax returns, bank statements, and other information to effectively coordinate with management to develop payment strategies and workouts on more complex or unique situations.
  • Review borrower applications and financial information for completeness, prepare collateral analyses, and present sound recommendations on accounts that request a loan restructure or extension. Prepare, structure, and document any modifications on loans that have been approved by management, including pricing and coordinating the required signatures on all documentation from the borrowers.
  • Recommend and manage late-stage collection activities such as repossessions, prepare and conduct foreclosure sales, and assist in the remarketing of equipment. Understand and adhere to the Company's risk and regulatory standards, policies, and controls as well as the Fair Debt Collection Practices Act.
  • Promote and environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external control points together with any issues raised by external regulators as applicable.
  • Complete other related activities as assigned.


Education and Experience Required:

Bachelor's degree preferred. A minimum of 3 years' related work experience with a preference for experience working for an equipment financial firm.

Familiarity with consumer and commercial credit reports, as well as an in-depth understanding of promissory notes, loans, leases, and other documents/laws that govern repayment of commercial contracts.

#LI-LA1

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $34.68 - $57.80 Hourly (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Location
Irvine, California, United States of America

About M&T Bank Corporation

M&T Bank is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank. M&T Bank traces its origins to the founding of Manufacturers and Traders Bank in Buffalo, New York. As a result of mergers, acquisitions, and name changes, M&T Bank Corporation's principal bank is now known as Manufacturers and Traders Trust Company or M&T Bank. M&T Bank reorganized under a bank holding company in 1969 called First Empire State Corporation. The name was changed in 1998 to M&T Bank Corporation, whose common stock is listed on the New York Stock Exchange and trades under the symbol "MTB."

M&T Bank Corporation Careers

Join the vibrant team at M&T Bank Corporation, a leading financial institution where innovation meets tradition, offering a plethora of job opportunities across various sectors. As one of the most respected banks in the nation, M&T Bank Corporation is the perfect place to jumpstart or advance your career in the financial services industry.

Work You’ll Do

At M&T Bank Corporation, you will be part of a culture that cherishes diversity, leadership, and professional growth. Engage in work that makes a real difference in the community while fostering your career development through comprehensive training programs and diverse learning opportunities.

Innovate and Lead

Embrace the chance to work on projects that integrate cutting-edge financial technologies with robust, traditional banking practices. M&T Bank Corporation is at the forefront of the financial industry, offering innovative solutions that redefine banking standards. Our leadership in the market is driven by a commitment to excellence and continuous improvement.

Career Growth and Opportunities

Whether you are looking for an entry-level position or a more senior role, M&T Bank Corporation provides a dynamic pathway for career advancement. With a variety of job opportunities ranging from internships to full-time positions, you can find the perfect match for your skills and ambitions. Our team is dedicated to helping you navigate your career path with tailored development plans and leadership training.

Join Our Team

Explore job opportunities and join a team that values hard work, creativity, and strategic thinking. M&T Bank Corporation is hiring professionals who are passionate about finance and eager to contribute to a team-oriented environment. Enhance your skills through hands-on experience and ongoing professional development.

Networking and Professional Development

At M&T Bank Corporation, networking and professional development are part of our DNA. Connect with industry leaders, participate in high-impact networking events, and take advantage of our mentorship programs. Our employees benefit from a supportive network that boosts their career trajectories and fosters meaningful professional relationships.

Benefits and Culture

Enjoy a comprehensive benefits package that supports both your professional and personal life. M&T Bank Corporation offers competitive salaries, health benefits, and retirement plans designed to ensure the well-being of our team members and their families. Experience a supportive and inclusive culture where every employee is valued and given the opportunity to thrive.

How to Apply

Ready to take the next step in your career? Visit the M&T Bank Corporation Careers page to browse current openings, submit your resume, and prepare for your interview. We are excited to see how your skills and ideas can contribute to our continued growth and success.

Stay Connected

Keep up to date with the latest from M&T Bank Corporation by following our careers blog. Gain insights from our experts and stay informed about new job openings and upcoming networking events. Join M&T Bank Corporation today and be part of a team that is dedicated to growth, innovation, and leadership in the banking industry. Your future starts here!
Learn more about M&T Bank Corporation
Size
17,115 employees
Market Cap
$25.2 billion
Industry
Net Income
$1.3 billion
Founded
1868
5 Year Trend
+0.2%
NASDAQ

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