M&T Bank Corporation

RCC Asset Manager II - Freddie Mac Team

M&T Bank Corporation$94K — $157K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or 8 years of experience in multifamily/commercial real estate
  • 4 years of relevant experience in loan administration, asset management, or underwriting
  • Freddie Mac asset management experience strongly preferred
  • Proficiency in Microsoft Office and commercial loan information systems
  • Strong communication and interpersonal skills
  • Detail-oriented with effective time management skills

Responsibilities

  • Review and analyze financial statements and conduct property inspections
  • Process reserves for replacement and non-critical draw requests
  • Handle escrow processing and servicing functions, including easement and ownership change requests
  • Assist in processing construction and sub-rehabilitation loans
  • Train and guide less experienced servicing staff
  • Act as the main contact for borrowers regarding servicing and asset management
  • Identify and escalate risk-related issues to management

Benefits

  • Open to remote work for candidates outside M&T's footprint
  • Access to a full-service mortgage banking company with various financing options
  • Part of a major commercial real estate lender with extensive resources
  • Long-standing relationships with investors providing loan flexibility
  • Comprehensive company support for employee development and guidance
Full Job Description
Overview:

The primary function of this position is the servicing and asset management of multifamily loans originated by M&T Realty Capital Corporation for Freddie Mac in accordance with their requirements.

Primary Responsibilities:
  • Review, analysis and processing of financial statements, performing and reviewing property inspections
  • Completing reserve for replacement and non-critical draw requests
  • Escrow processing, and the review and processing of easement requests, ownership changes and other servicing and asset management functions that may arise
  • Other responsibilities may include the processing of construction and sub rehabilitation loans, and all job functions related to those transactions
  • Additional responsibilities include training, coaching and otherwise provide guidance to less experienced Servicing staff and serve as a point of reference for servicing and asset management related questions
  • Throughout the life cycle of each assigned loan, serve as the key point of customer contact with the borrower on servicing- and asset management-related matters.
  • Willingness to travel out of state and stay overnight.
  • 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 Bank 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.


Education and Experience Required:

Bachelor's degree with 4 years related multifamily/commercial real estate industry including loan administration, asset management/servicing or underwriting experience relating to multifamily/commercial real estate loan transactions or in lieu of a degree a combined minimum of 8 years higher education and/or related work experience.

Experience with a variety of software applications including Microsoft office systems and commercial loan information systems.
Strong communication skills.
Good interpersonal skills with the ability to interact with all levels of personnel.
Ability to function effectively as a team member.
Detail oriented and good time management skills.

Education and Experience Required:

Freddie Mac asset management experience strongly preferred

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $94,400.00 - $157,400.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Location:
Baltimore, Maryland, 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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