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Banking Services Operations Associate IV - Closing & Collateral Flood Insurance - 3DJYW in Buffalo, NY at M&T Bank

Date Posted: 7/23/2018

Job Snapshot

Job Description

FUNCTION:

Responsible for reviewing flood and hazard insurance for the Commercial, Business Banking, and Leasing portfolios.  The team uses the Systematic Tracking of Collateral software and File Net and works closely with Document Prep, Post Closing, Compliance, Relationship Liaisons and Managers, and Insurance agents.  Calls and e-mails are sent to insurance agents to verify insurance is in place.  The team also performs detailed calculations using appraisals and lien information to determine the amount of flood insurance required. Letters to force place insurance are generated and mailed to customers and business partners.

 

RESPONSIBILITIES:

•  Evaluate flood and hazard insurance for the real estate, assets covered under the Uniform Commercial Code, and vehicle portfolios

•  Interact with internal business partners and external insurance agents to obtain updated insurance

•  Calculate and force place flood insurance by reviewing appraisals, credit approvals, and surveys as appropriate

•  Generate and clear exceptions for insurance deficiencies

•  Support regulatory examinations and reviews

•  Escalate deficiencies in insurance as needed

•  Interact with outside vendors to identify structures on properties

•  Work with insurance company to establish and cancel insurance policies

•  Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.  Identify risk-related issues needing escalation to management.

•  Promote an environment that supports diversity 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.

 

BASIC QUALIFICATIONS:

•  Associates Degree, plus one (1) year work experience or in lieu of degree three (3) years work experience

 

IDEAL QUALIFICATIONS:

•  Bachelor's degree or three (3) years relevant work experience

 

ABOUT M&T

At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T.  As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future. 

 

Apply today at www.mtb.com/careers!

 

'Relevant Military Experience is Desired'M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.