Overview:

Responsible for supporting a variety of functions in the Business Banking Workout group including, but not limited to, handling accounts in the legal process, specializing in negotiation of debt, repossession, foreclosure, property preservation, past due tax reporting, monitoring forced place insurance or bankruptcy processing.  Key contact for both internal and external counsel.  Prepare and analyze equity analysis to evaluate ongoing Workout strategies.

Primary Responsibilities:

• Manage more complex accounts with respect to Commercial Litigation, Foreclosure/REO, Settlement and Collateral sales.
• Collaborate with Workout Relationship Manager and counsel to establish effective legal strategy while maximizing cost containment opportunities. 
• Initiate direct contact with business partners and vendors to ensure services provided are meeting predetermined service level agreements. 
• Negotiate sale and settlement agreements.
• Participate in loss prevention by employing advanced strategies that provide adequate protection for M&T with respect to its interest in the collateral securing the loan. 
• Work with Property Preservation vendors to secure collateral (e.g., change locks, winterize properties, etc.)
• Review collateral condition and establish asset value, monitor appraisal dates/values, tax status, environmentals and provide updated equity analysis; make recommendations for continued action.  
• Negotiate sales with prospective buyers and conclude sales transaction with limited oversight. 
• Coordinate and negotiate sales with prospective buyers and Work Out Officers, and conclude sales transactions with limited oversight.
• Maintain an understanding of, and apply diligence required to, protect Small Business Association guaranty.
• Review and approve attorney SmartSpend fees; track expenses at the customer level.
• Responsible for weekly and monthly reporting, as well as ad hoc requests.
• Develop a thorough understanding of the business and its functions, processes and operations. 
• Keep abreast of business and market trends that may affect business and department. 
• 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 Responsibility:

The incumbent works under very limited supervision and has regular internal contact with other departments and externally with customers and service providers.

This position has limited customer interaction.

Position is responsible for drafting/documenting procedures.

Education and Experience Required:

A combined total of 5 years’ higher education and/or work experience, including a minimum of 3 years’ relevant banking experience. 

Experience with word processing, spreadsheet and presentation software.

Detail oriented.

Strong verbal and written communication skills.

Education and Experience Preferred:

Bachelor’s degree.

Experience in Collections or Loss Mitigation.

Experience in Retail or Commercial Loan Processing.

Knowledge of M&T Bank systems.

Location