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.
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.
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.
Experience managing commercial real estate loans.
Commercial workout and/or lending experience.
Business Banking or Commercial loan collection experience.
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.
Getzville, New York, United States of America
Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. Founded in 1856 in Buffalo, NY we are now a top 11 full-service US-based commercial bank with a retail footprint across the east coast and wealth services available nationwide and abroad. As a bank, we offer advice, guidance, expertise, and solutions across the entire financial spectrum that combines M&T’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. We are a community-minded organization with more than 167 years of experience. We serve customers, community, and colleagues whether they be across the street, across the state or across the country.
As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values drive the work we do – integrity, ownership, collaboration, curiosity, candor and we seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members.
M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws.
