Career Search

Collection and Recovery Specialist III - Default Accounting - 3DID6 in Getzville, NY at M&T Bank

Date Posted: 5/17/2018

Job Snapshot

Job Description

Collection and Recovery Specialist III - Default Accounting

475 Crosspoint Parkway, Getzville, New York


The Opportunity:

As part of the Customer Asset Management Residential Mortgage Default Accounting department, the incumbent will perform activities associated with the default servicing of mortgage loans for investors and bank assets, as well as a Serviced By Other asset portfolio.
Primary Responsibilities:
This position is responsible for support in a variety of functions to include but not limited to the following:
-Preparing detailed loan level final loan loss reconciliations, for various loan types to include, FHA VA, Conventional and USDA accounts.
-Oversight of a Serviced By Other portfolio, to include review of servicer claims for reimbursement, related accounting transactions and required tracking and reporting. 
-Research and resolve variances between escrow and corporate advance receivables and funds reimbursed from insurers, investors and vendors.
-Prepare default accounting reports for tracking of loan reconciliation losses and associated causes, inventory tracking and other reports for management.
-Prepare financial and projection reports, as they relate to default servicing activities and the bank’s asset portfolio and perform analyses for senior management
-Develop expertise in mining various sources of information such as the General Ledger, the cost information in support of ad-hoc analyses and other bank initiatives
-Identify and pursue opportunities for automation or increased efficiency within Default Accounting
-Prepare procedural documentation of functional and department responsibilities
-May review work and provide guidance to junior accounting associates
-Verify accuracy of documents
-Performs other assignments/projects as requested by management
-Performs various accounting transactions, as required
-Overtime as required
Minimum Qualifications Required: 
Associate's Degree or in lieu of degree two years (2) relevant experience required
Minimum two years’ collection and/or loss mitigation experience
Two years collections, repossession, remarketing, REO, foreclosure, loss mitigation or bankruptcy experience.
Ideal Qualifications Preferred:
Bachelor's Degree
Default Mortgage Servicing Experience
Two years accounting or finance experience
Mortgage servicing experience, including investor, FHA, VA and private insurance agency's regulations and guidelines
Experience with BKFS/LPS/CPI mortgage servicing system
Knowledge of FCS and VIEWPO mainframe applications
 Strong time management and organizational skills
Proven ability to manage priorities to meet multiple changing objectives and deadlines
Proficient in Microsoft Word and Excel Spreadsheets
Demonstrated ability to gather and research data to prepare routine financial accounting reports
Demonstrated advanced analytical and problem solving skills
Proven ability to work accurately under time constraints
Self-motivated and able to work independently with minimal supervision
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. 
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.