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Operational Accounting Associate III - Loss Mitigation - 3DJGB 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:

Handle more complex accounts with the following areas of specialization: Loss Mitigation Closing. 
This includes: monitoring payments, document QC for all facets of closing process, doc preparation and QC,  title review and QC, recording timeframes, incoming and outgoing mail, timely filing of all applicable claims, and communication of issues or files to be declined.
Associate will demonstrate and excel in the following behaviors: Adapting, Effective Communication, Taking Ownership, Teamwork,& Accountability
Facilitate communication with SPOC and other business partners or vendors to ensure services provided are meeting predetermined SLA’s.
Participate in loss prevention by employing strategies that provide an adequate protection for the Bank with respect to its’ interest in the collateral securing the loan, while maximizing the cost containment opportunities.
Develop an understanding of the business and its functions, processes and operations.
Complete all trainings and compliance needs in a timely manner.
Keep abreast of business and market trends that may affect business department.
This includes new trainings and any new updates to the closing process
Perform other related assignments / projects as requested by management.
Help create and sustain a positive work environment through an all-inclusive team atmosphere.

Minimum Qualifications Required:
Associate's Degree or two years relevant work experience.
Minimum two years collections experience.
Minimum of one year post charge off collections, repossession, remarketing, REO, foreclosure, accounting, or bankruptcy experience.
Working knowledge of utilized word-processing, spreadsheet and departmental software.
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.
One year of accounting or finance experience.

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.

Apply today at!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.