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Collateral Verification Inspector - 3DGBK in Allentown, PA at M&T Bank

Date Posted: 2/21/2018

Job Snapshot

Job Description

Title: Collateral Verification Inspector
Basic Function: • Complete floor plan inventory audits, which are an essential component of credit line maintenance as they assist in identifying the level of risk and exposure associated with each credit line.
Essential Position Responsibilities: • Complete floor plan inventory audits by physically inspecting the collateral as well as the dealer’s books and records in reference to such collateral, including the sale, disposition and proceeds thereof.
• Inspect and analyze sale records to ensure that vehicles are paid off in accordance with the M&T Bank Floor Plan Agreement.
• Review ownership documentation for all units that are neither seen nor sold.
• Perform accurate and precise data entry using proprietary software.
• Print dealer reports and review for accuracy prior to distribution.
• Review the results of the audit with management and report any areas of risk, material variances to policy or negative perceptions prior to departure from the dealership.
• Perform other projects as requested by management.
Nature and Scope: The incumbent has constant interaction with automobile dealers in order to facilitate the exchange of
information regarding floor plan audits and unpaid vehicles.
Minimum Qualifications Required: • Associate Degree or 2 years relevant experience.
• A minimum of one year relevant experience or previous collections, credit, accounting, or audit experience.
Ideal Qualifications Preferred: • Bachelor Degree preferred.
• Knowledge of dealer functions and related bank procedures.
• Excellent written and verbal communication skills.
• Self-discipline and the ability to work independently as well as in a group is required.
• Skilled at using critical and logical thinking to solve problems.
• Ability to interact with various levels of bank and dealer personnel in a courteous and professional manner.
• We encourage candidates with relevant military experience to apply.
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.