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Construction Support Specialist - 3DF5F in Wilmington, DE at M&T Bank

Date Posted: 2/6/2018

Job Snapshot

Job Description

BASIC FUNCTION: Assists in administering commercial real estate and multifamily residential construction loan portfolio from origination through payoff or rollover, or independently administers vendor monitored construction loans. Completes various operational tasks associated with the construction loan portfolio, such as processing, documentation, and reporting.   POSITION RESPONSIBILITIES:
•         Assist with or administer system processing related to commercial real estate and multifamily residential construction loans, including new loan data entry, budget setup/modification, contract/unit entry, disbursement processing, partial lot releases, payments/payoffs, and tickler requests, ensuring timeliness and accuracy.
•         Assist Administrators with review of disbursement packages to verify customer statements, invoices, and appropriate documentation, as needed.
•         Process wire transfers for Administrators after ensuring compliance with department and Bank, and reviewing appropriate documentation. Track and report on all wires throughout Construction Loan Administration to maintain record of activity.
•         Review, research, and correct operational and accounting customer issues including but not limited to settlement desk, tickler and file maintenance and account reconciliation.
•         Manage the daily settlement process for the Construction Loan Control System (CLCS) to ensure transactions from each department office balance, as needed.
•         Respond to questions and resolve issues for Construction Administrators relating to systems processing.
•         Assist in filing of electronic and physical construction loan files. Manage record retention process to ensure electronic documents related to commercial real estate and multifamily residential construction loans are imaged and physical files are stored accordingly to protect Company interests.
•         Maintain the currency of the Construction Loan Administration approved inspector list. Organize bid/engagement letter requests with inspectors/engineers working on construction projects.
•         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.
•         The position supports Construction Loan Administration activities by handling a variety of operational tasks and administering vendor monitored loans; this allows Construction Administrators to focus primarily on managing their portfolio and overseeing requirements necessary for funding to occur.   BASIC QUALIFICATIONS REQUIRED:
•         Associate’s degree, or in lieu of a degree a combined minimum of 2 years’ higher education and/or work experience.
•         Proficiency with personal computers as well as pertinent software packages
•         Proven organizational skills
•         Proven verbal and written communications skills   IDEAL QUALIFICATIONS PREFERRED:
•         Minimum of 2 years’ proven customer service/operations experience
•         Knowledge of Bank policies, procedures and banking regulations
•         Knowledge of loan documentation and construction loan experience
•         Ability to act with all levels of personnel
•         Detail-oriented
•         Ability to be a team player   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!  
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.