M&T Bank Corporation

Senior Commercial Loan Workout Representative I (Hybrid - see potential locations in description)

M&T Bank Corporation • $123K — $206K *
Cherry Hill, NJ 08003In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor’s degree with 7+ years of workout experience on complex commercial credits or 11 years of combined education and experience including 7 years of workout experience
  • Knowledge of Commercial Insolvency and Bankruptcy Court proceedings
  • Strong credit risk and analytical skills
  • Detail-oriented with excellent organizational capabilities
  • Proficient in Microsoft Office Suite including Excel and Word
  • Excellent communication and negotiation skills

Responsibilities

  • Analyze borrowers' financial statements to assess performance and adherence to covenants
  • Collaborate with Credit Quality Assurance on portfolio changes impacting PD ratings
  • Coordinate with legal counsel during oversight of loan relationships, including court proceedings
  • Engage with various stakeholders such as banks, consultants, and vendors for portfolio intelligence
  • Represent M&T Bank in community and civic activities
  • Ensure compliance with operational risk controls and internal standards
  • Mentor and lead junior staff as needed

Benefits

  • Hybrid work arrangement with four days in-office and one day remote
  • Opportunities for professional development and mentorship
  • Engagement in civic and community activities
  • Commitment to adherence to compliance and operational risk controls
  • Supportive work culture that reflects M&T Bank's brand values
Full Job Description
Work Location & Arrangement: This is a hybrid position requiring four days/week of in-office work with one day/week of remote work available. Ideally, this position will be based in Downtown Buffalo, NY but may be based at another M&T corporate office in Norwalk, CT, Baltimore, MD, Paramus, NJ, Cherry Hill, NJ, Radnor, PA, or Harrisburg, PA.

Overview:

Authority and responsibility for all aspects of the assigned Problem Commercial C&I or CRE Loan Portfolio in order to protect the Bank against losses and to ensure an effective and efficient outcome.  Administer the turnaround or exit of the most complex credit relationships through restructurings and forbearance agreements which may include providing ongoing financing or the liquidation of the borrower. The relationships include but are not limited to: syndicated credits, participations and leveraged loans with or without private equity sponsors. 

Primary Responsibilities:
  • Analyze Borrowers’ and Guarantors’ financial statements and 13 week cash flows to measure and monitor the customers’ performance and adherence to covenants within existing governing documents in addition to underwriting any restructurings or forbearance agreements
  • Work closely with Credit Quality Assurance, informing them of any impactful changes within the portfolio which may impact PD ratings or require the need for a charge off.
  • Work with outside and in-house counsel as appropriate throughout the oversight of a relationship, including participation in Bankruptcy Court proceedings or State and Federal Court proceedings
  • Work closely with other department personnel, financial institutions, insurance companies, turnaround consultants, and vendors that may be relied upon to provide information on the portfolio.  
  • Represents the Bank in civic and community activities.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • 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.

Scope of Responsibilities:
  • The incumbent works under general supervision.
  • Daily interaction with customers, attorneys, accountants etc. 
  • Daily interaction with various bank departments within Credit, Finance or Counsel’s office, in addition to those within the commercial bank or Treasury Management.
  • Provide recommendations as to the appropriate strategy for either a restructuring or to ensure an orderly exit, where ever possible, to safeguard M&T’s interests.
  • Provide feedback and responses to immediate supervisor and others within Credit on the general evaluation of their portfolio.

Supervisory/ Managerial Responsibilities:

Mentor and provide leadership to junior staff.

Education and Experience Required:
  • Bachelor’s degree and minimum of 7 years’ workout experience on the most complex commercial credits or 2 years’ experience with a turnaround consulting firm, OR in lieu of a degree, a combined minimum of 11 years higher education and work experience to include a minimum of 7 years’ workout experience on the most complex commercial credits or 2 years’ experience with a turnaround consulting firm.
  • Knowledge of Commercial Insolvency, including Bankruptcy Court proceedings.
  • Strong credit and analytical skills.
  • Detailed oriented.
  • Computer literate and familiar with Microsoft Office, including Outlook, Teams, Excel, Word.
  • Excellent communication and negotiation skills.

Education and Experience Preferred:
  • Bachelor's degree in finance, accounting, or business or MBA degree.
  • Experience using nCino

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $123,600.00 - $206,000.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location
Buffalo, New York, 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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