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 diversity 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.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $51,504.81 - $85,841.35 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
LocationGetzville, New York, United States of America
What We Do
Waste Connections, Inc. is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the U.S. and Canada. Through its R360 Environmental Solutions subsidiary, the Company is also a leading provider of non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the Permian, Bakken and Eagle Ford Basins. Waste Connections serves more than six million residential, commercial, industrial, and exploration and production customers from a network of operations in 39 states, six provinces and the District of Columbia. The Company also provides intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.
Our corporate strategy targets secondary and suburban markets that have strong demographic growth trends and where competitive barriers to entry can be developed. We seek to avoid highly competitive, large urban markets and target markets where we can provide either non-integrated or integrated solid waste services under exclusive arrangements, or markets where we can be integrated and attain high market share. We are a leading provider of solid waste services in most of our markets, and approximately 50% of our revenues are derived from market areas where we have franchise or exclusive rights to provide our waste services.
