M&T Bank Corporation

PCLC Leasing-Senior Credit Underwriter

M&T Bank Corporation • $109K — $182K *
Bridgeport, CT 06606Hybrid
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree and 5 years' experience in commercial credit or financial analysis, or 9 years of equivalent education/work experience.
  • Strong verbal and written communication skills.
  • Proficient in credit policies and procedures with a knack for analytical problem-solving.
  • Exceptional research and decision-making abilities.
  • Experience in influencing lending issues and working independently.
  • Detail-oriented and organized with strong presentation skills.

Responsibilities

  • Facilitate customer credit needs by underwriting lease and loan requests from submission to funding.
  • Analyze complex financial information for approvals of high-exposure transactions.
  • Prepare necessary financial statement spreads and regulatory compliance checks.
  • Interact with customers for additional information during the underwriting process.
  • Prepare credit presentations and maintain internal compliance and audit logs.
  • Authorize and track transaction funding upon meeting credit and regulatory requirements.
  • Mentor junior team members and support other departments with credit inquiries.

Benefits

  • Comprehensive healthcare options including medical, dental, and vision coverage.
  • Generous retirement plan with employer matching contributions.
  • Paid time off and flexible working arrangements to promote work-life balance.
  • Professional development opportunities and tuition reimbursement for continuing education.
Full Job Description
Overview:

Responsible for preliminary screening, advisement, underwriting, approving, and funding of largest and/or most complex lease and loan requests with the greatest risks/financial exposure to the organization and, as applicable, within assigned authority. Advises sales staff on deal size and structure based on customer strength and collateral coverage.

Primary Responsibilities:
  • Facilitate the credit needs of customers by underwriting new lease and loan requests and material modifications from submittal through approval and funding.
  • Underwrite and/or recommend lease and loan transactions for final approval by analyzing the largest and/or most complex financial information, including trends, cash flow and key risks, collateral, and other related information, within assigned authority as applicable.
  • Complete spreads of financial statements, prepare debt service overlays, initiate appraisals, confirm existing exposure, obtain references and reports, and check related names to ensure regulatory compliance. Determine need for more thorough investigation or additional information and coordinate the gathering of such.
  • Interact with customers during the underwriting process to obtain additional information and gain a better understanding of the credit, including the reason for the acquisition, financial trends, and industry information.
  • Prepare written credit presentations. Ensure credit policy compliance and evaluate risk associated with non-compliance. Maintain currency of credit department logs and internal systems.
  • Review and confirm for funding that all credit requirements have been met based on the signed approval and subject collateral is as approved. Prepare modifications and seek appropriate approvals for any changes to the transaction.
  • Authorize and track transaction commencement and funding (after confirming all conditions and regulatory requirements have been satisfied).
  • Provide Portfolio Administration with approved presentations to ensure ongoing covenant compliance. Identify material adverse changes and provide information and advice to the appropriate party. Upload new financial statements for the Portfolio Administration department to access.
  • Provide guidance and mentoring to other Credit Department members as requested and assist other Departments with credit specific questions or reviewing existing customer information.
  • Provide training and guidance to less experienced Underwriters as needed or requested from management.
  • Prepare various reports, including but not limited to, Exception & Variance, Flood, and Servicer Log reports.
  • Prepare and maintain files on equipment vendors and approved brokers.
  • Understand and adhere to the Company's risk and regulatory standards, policies, and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.


Scope of Responsibilities:

Supervisory/Managerial Responsibilities:

Not Applicable

Education and Experience Required:
  • Bachelor's degree and a minimum of 5 years' commercial credit, leasing, public accounting, financial statement preparation/analysis and/or other financial analysis experience, or in lieu of a degree, a combined minimum of 9 years' higher education and/or work experience, including a minimum of 5 years' commercial credit, leasing, public accounting, financial statement preparation/analysis and/or other financial analysis experience
  • Strong verbal and written communication skills
  • Strong presentation skills
  • Expertise in credit policies and procedures
  • Exceptional research skills
  • Strong analytical skills
  • Experience influencing lending issues
  • Proficiency with personal computers as well as pertinent word processing, spreadsheet, and industry-specific software
  • Strong organizational skills
  • Detail-oriented
  • Experience working independently
  • Strong decision-making skills


Education and Experience Preferred:
  • Bachelor's degree in Accounting, Finance, Economics, or related field
  • Minimum of 7 years' commercial credit, leasing, public accounting, financial statement preparation/analysis and/or other financial analysis experience
  • Comprehensive knowledge of all aspects of equipment leasing

Physical Requirements:
  • Ability and availability to travel to assist on time sensitive portfolio reviews


M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $109,300.00 - $182,100.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Location
Bridgeport, Connecticut, 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
Finance & Insurance
Net Income
$1.3 billion
Founded
1868
5 Year Trend
+0.2%
NASDAQ
MTB
* Ladders Estimates

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