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Operational Accounting Associate II - Loss Mitigation Settlement Specialist - 3DJG4 in Getzville, NY at M&T Bank

Date Posted: 7/3/2018

Job Snapshot

Job Description

The Opportunity:
Responsible for managing an assigned portfolio for open or non-performing assets, mitigating loss situations and reducing potential losses to the Bank. Must adhere to the requirements of federal registration under the SAFE Act.

 

Primary Responsibilities:
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, and Loss Mitigation.
Work with on and off shore business partners to complete they system maintenance of loss mitigation workouts.
Initiate direct contact with 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.
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.


Minimum Qualifications Required:
Associate's Degree or two years relevant work experience.

Working knowledge of utilized word-processing, spreadsheet and departmental software.

Minimum one year Loss Mitigation or Collections experience.
Strong written and verbal communication skills.
Demonstrated ability to provide direction and lead others.
Motivated team player with a positive and friendly attitude.
Understanding of local / state laws and regulations governing the repossession and sale of collateral.
Basic understanding of the bank's general operations and system functionality.

 

Ideal Qualifications Preferred:
Bachelor's Degree.


M&T is among the top 20 U.S.-based commercial bank holding companies with more than $79 billion in assets and more than 780 branches in New York, Maryland, Pennsylvania, Virginia, Delaware, New Jersey, West Virginia, Florida and Washington D.C.  With more than 150 years of experience, M&T Bank is committed to be the best company our employees ever work for, the best bank customers ever do business with and the best investment our shareholders ever make.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.