Overview:

Responsible for managing portfolio of defaulted Commercial relationships to implement timely workout, repossession, or legal action required to secure the Bank's collateral and reduce the risk of loss up to $10MM.

Primary Responsibilities:

• Collect and prepare business and financial statements for analysis to administer the turnaround or exit of complex credit relationships, which could include modifications.
• Assess credit quality of relationship to determine overall performance and risk; provide recommendations for Non-Accrual and Charge-Off for loan losses.
• Assess repayment ability under restructure and forbearance situations, as well as negotiate repayment with borrowers under complex loan relationships.
• Initiate direct contact at business location for site visits, discuss workout strategies, inspect collateral and condition, and to obtain signatures.
• Collaborate with the Legal Department to validate legal actions using the most cost effective strategy.
• Keep abreast of business and market trends that may affect portfolio performance.
• Perform equity analysis - evaluate equity position and collaborate with remarketing / REO on best method for disposition of collateral.
• Engage with Repo / Remarketing business partners to assist with the collateral sale, negotiate with prospective buyers or auctions.
• Interact with Small Business Association Business Partners to ensure compliance related to diligence performed at account level to protect the guaranty or loss share provisions.
• Prepare Bid-In Sheet for Foreclosure Sale - and collaborate with SA CRE Group prior to sale of property and booking into REO.
• Identify and investigate high risk / high exposure situations and escalate situations appropriately to Management.
• Monitor overdraft activities related to the assigned Demand Deposit Accounts (DDA's).
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• 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.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Complete other related duties as assigned.

Scope of Responsibilities:

The incumbent works under low supervision with minimal direction.

Interact with all levels of personnel, management, and vendors across the footprint in Customer Asset Management Business Banking Workout.  Responsible for managing a portfolio of defaulted Commercial relationships and would have lending authority up to $50M.

Education and Experience Required:

Bachelor's degree in an applicable field plus 2 years relevant professional work experience including equity valuation, and either collection or credit experience,

OR in lieu of a degree,

A combined minimum of 6 years higher education and/or work experience including a minimum of 2 years relevant professional work experience including equity valuation, and either collection or credit experience.

Ability to travel regularly; amount depends on portfolio of business assigned.

Understanding of Bankruptcy laws and Uniform Commercial Code.

Strong verbal and written communication skills.

Education and Experienced Preferred:

Experience managing commercial real estate loans.

Commercial workout and/or lending experience.

Business Banking or Commercial loan collection experience.

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M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $54,100.00 - $90,100.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Getzville, New York, United States of America