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Sr Loan Workout Rep II - 3DI8C in Norwalk, CT at M&T Bank

Date Posted: 5/3/2018

Job Snapshot

Job Description

Sr Loan Workout Rep II
Special Assets, Credit Division
Location is flexible within M&T's footprint
 
THE OPPORTUNITY:
Authority and responsibility for all aspects of the assigned Problem Commercial C&I or CRE Loan Portfolio in order to protect the Bank against losses and to ensure an effective and efficient outcome. Administer the turnaround or exit of the most complex credit relationships through restructurings and forbearance agreements which may include providing ongoing financing or the liquidation of the borrower. The relationships include but are not limited to: syndicated credits, participations and leveraged loans with or without private equity sponsors.

POSITION RESPONSIBILITIES:
Analyze Borrowers’ and Guarantors’ financial statements and 13 week cash flows to measure and monitor the customers’ performance and adherence to covenants within existing governing documents in addition to underwriting any restructurings or forbearance agreements
Work closely with Credit Quality Assurance, informing them of any impactful changes within the portfolio which may impact PD ratings or require the need for a charge off.
Work with outside and in-house counsel as appropriate throughout the oversight of a relationship, including participation in Bankruptcy Court proceedings or State and Federal Court proceedings
Work closely with other department personnel, financial institutions, insurance companies, turnaround consultants, and vendors that may be relied upon to provide information on the portfolio.
Represents the Bank in civic and community activities.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
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.

NATURE AND SCOPE:
The incumbent works under general supervision.
Daily interaction with customers, attorneys, accountants etc.

Daily interaction with various bank departments within Credit, Finance or Counsel’s office, in addition to those within the commercial bank or Treasury Management.
Provide recommendations as to the appropriate strategy for either a restructuring or to ensure an orderly exit, where ever possible, to safeguard M&T’s interests.
Provide feedback and responses to immediate supervisor and others within Credit on the general evaluation of their portfolio.

MANAGERIAL/SUPERVISORY RESPONSIBILITY:
Mentor and provide leadership to junior staff.

MINIMUM QUALIFICATIONS REQUIRED:
Bachelor’s degree and minimum of 7 years’ workout experience on the most complex commercial credits or 2 years’ experience with a turnaround consulting firm or in lieu of a degree a combined minimum of 11 years higher education and work experience to include a minimum of 7 years’ workout experience on the most complex commercial credits or 2 years’ experience with a turnaround consulting firm.
Bankruptcy Code knowledge and Bankruptcy Court experience.
Strong credit and analytical skills.
Detailed oriented.
Computer literate and familiar with Microsoft Office.
Excellent communication and negotiation skills.

IDEAL QUALIFICATIONS PREFERRED:
MBA

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.