Bankruptcy Specialist II at M&T Bank

Getzville, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Mortgage, Financial ServicesIndustries

Requirements

A combined 3 years’ experience and/or higher education, including a minimum of 1 year of Mortgage Default and/or Bankruptcy experience
Working knowledge of word processing, spreadsheet and email software
Strong written and verbal communication skills
Detail oriented
Motivated, team player with a positive and friendly attitude
Understanding of collections servicing systems

Responsibilities

Conduct audits on loans in bankruptcy to ensure they are current in bankruptcy status, and determine if any follow up is required
Work as a liaison between M&T's bankruptcy counsel ("Attorney Firms”) and M&T on a daily basis
Conduct research on loan audits, payment status, and loan status. If disputed, contact appropriate department for clarifying information and send to attorneys
Monitor payment plans to ensure customers do not default. Take necessary steps to file appropriate actions when the loan does default
Monitor all stops and flags on the account monthly to ensure that appropriate actions are being taken given the status of the account
Reconcile Corporate Advance systems to ensure fees are appropriate
Determine if funds can be applied to the account
Answer incoming calls and communicate with customers to answer questions and process payments
Audit accounts monthly to ensure that funds are being applied appropriately under the bankruptcy plan
Review and respond to interdepartmental tasks timely
Monitor any bankruptcy correspondence and enter into the system ensuring appropriate action is taken
Obtain files from attorney and verify all figures are correct, gain approval and then file
Prepare, review and respond to any court documents that are filed within the bankruptcy case, including notice of final cure, objections to motion for relief, post-petition fee notices, etc
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 belonging and reflects the M&T Bank brand
Complete other related duties as assigned

Skills

Key technologies and capabilities for this role

Bankruptcy MonitoringLoan AuditingPayment ReconciliationCourt Document PreparationCustomer CommunicationAttorney LiaisonProof of Claim FilingBankruptcy Plan ComplianceCorporate Advance ReconciliationInterdepartmental Coordination

Questions & Answers

Common questions about this position

What experience is required for the Bankruptcy Specialist II position?

A combined 3 years’ experience and/or higher education is required, including a minimum of 1 year of Mortgage Default and/or Bankruptcy experience. Additional requirements include working knowledge of word processing, spreadsheet and email software, strong written and verbal communication skills, detail orientation, a motivated team player attitude, and understanding of collections servicing systems.

What is the salary or compensation for this role?

This information is not specified in the job description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What does the company culture emphasize for this role?

The role promotes an environment that supports belonging and reflects the M&T Bank brand, with emphasis on being a motivated team player with a positive and friendly attitude.

What makes a strong candidate for the Bankruptcy Specialist II role?

Strong candidates will have at least 1 year of Mortgage Default or Bankruptcy experience, combined with 3 years total experience or equivalent education, plus detail-oriented communication skills and familiarity with collections systems.

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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