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Coll & Recovery Spec II - 3DJ91 in Williamsville, NY at M&T Bank

Date Posted: 7/5/2018

Job Snapshot

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Job Description

Basic Function:
Responsible for managing an assigned portfolio for open or non-performing assets, mitigating loss situations and reducing potential losses to the Bank.


The position is responsible for support in a variety of functions to include but not limited to the following.  Handles most complex accounts with the following areas of specialization: Foreclosure, Bankruptcy, REO/Property Preservation, Repossession, Remarketing or Post Charge Off Collections.  Investigate and conduct skip tracing as required by utilizing the numerous resources available.  Submit recommendations for account placement with third party collection agencies, attorneys, brokers and property preservation firms.  Initiate direct contact with borrowers (consumer, mortgage, deposit overdraft, business banking), assessing the prospect of repayment, arranging repayment schedules or other solutions and / or contacts business partners and vendors to ensure services provided are meeting predetermined SLA�s.  Possess enhanced settlement authority in either situation.  Participate in loss prevention by employing advanced strategies that provide adequate protection for the Bank with respect to its� interest in the collateral securing the loan, while maximizing the cost containment opportunities.  Review collateral condition and establish asset value.  Negotiate sale with prospective buyers and conclude sales transaction with limited oversight.  Develop a thorough understanding of the business and its functions, processes and operations.  Keep abreast of business and market trends that may affect business department.  Perform other related assignments / projects as requested by management.  The incumbent works under general supervision.  The incumbent has internal contact with other departments and externally with customers and service providers.
Basic Qualifications:
Associate�s degree or in lieu of degree two years� relevant work experience.  Minimum two year�s collections experience.  One to two years� post charge off collections, repossession, remarketing, REO, foreclosure, or bankruptcy experience.  Bachelor's degree preferred.  Minimum three years� collections experience and two years� post charge off collections, repossession, remarketing, REO, foreclosure, or bankruptcy.  Prior departmental experience.  One year accounting or finance experience.  Working knowledge of utilized word-processing, spreadsheet, and departmental software.  Knowledge of skip tracing software and BK servicing systems.  In depth understanding of the bank�s general operations and systemic functionality.  Strong analytical abilities and problem solving.  Functional expert in the specific area of specialization (recovery, repossession, foreclosure, bankruptcy, or REO process).  Very strong written and verbal communication skills.  Strong understanding of local / state laws and regulations governing the repossession and sale of collateral.  Detail oriented.  Bilingual not required, but a plus.  Demonstrated ability to provide direction and lead others.  Motivated, team player with a positive and friendly attitude.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.