Career Search

Remarketing Specialist II - 3DH66 in Getzville, NY at M&T Bank

Date Posted: 2/22/2018

Job Snapshot

  • Employee Type:
  • Location:
    Getzville, NY
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

The Opportunity: Evaluates collateral through inventory system and on-site inspections. Makes recommendations for collateral enhancement to maximize return. Utilize industry benchmarks and inspection process to provide recommended sale prices. Represents M&T Bank at auctions of repossessed assets.

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: Bankruptcy, Repossession, Remarketing or Post Charge Off Collections.  
Consistent inventory review of all inventory updates pertaining to secured collateral and in adherence to pre-sale inspection program.
Complete daily inventory watch.
As items clear for sale, preform due diligence in determining anticipated market price.
Value decision based on industry benchmarks and overall condition.
On-site inspection prior to sale date to validate condition report findings and collateral assessment.
Evaluate market pricing for collateral and assign a floor price.
Make adjustments to floor price as necessary.
Reconcile expenses associated with repossession, transport and reconditioning of collateral.
Represent M&T at auction of assets with authorization to sell collateral within  approved pricing.
Post unauctioned collateral online and set the floor within parameters; monitor sale activity and make sale decision.
Assist in process of Business Banking Collections and Workout requests to include inspections, appraisals, repossessions, and monitoring of auctions.
Maintain policy and procedures to remain compliant within business unit.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
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.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Complete other related duties as assigned.
Perform other related assignments / projects as requested by management.  The incumbent works under general supervision. 
The incumbent has internal contact with other departments and externally with customers and service providers.

Minimum Qualifications Required:
Associate's degree or in lieu of degree two years' relevant work experience.  Minimum two year's collections experience. 
One to two years' post charge off collections, repossession, remarketing, REO, foreclosure, or bankruptcy experience. 
Working knowledge of utilized word-processing, spreadsheet, and departmental software. 
Knowledge of skip tracing software and BK servicing systems. 
In depth understanding of the bank's general operations and systemic functionality. 
Strong analytical abilities and problem solving. 
Functional expert in the specific area of specialization (recovery, repossession, foreclosure, bankruptcy, or REO process). 
Very strong written and verbal communication skills. 
Strong understanding of local / state laws and regulations governing the repossession and sale of collateral. 
Detail oriented.   
Demonstrated ability to provide direction and lead others. 
Motivated, team player with a positive and friendly attitude.
Ideal Qualifications Preferred:
Bachelor's degree preferred. 
Minimum three years' collections experience and two years' post charge off collections, repossession, remarketing, REO, foreclosure, or bankruptcy. 
Prior departmental experience. 
One year accounting or finance experience. 
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.