Dealer Commercial Services Auditor at M&T Bank

Pittsburgh, Pennsylvania, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Automotive FinanceIndustries

Requirements

Associate's Degree plus one year relevant experience or previous collections, credit, accounting or audit experience, or in lieu of a degree, a combined 3 years' higher education and/or work experience, including a minimum of one year relevant experience or previous collections, credit, accounting or audit experience
Basic knowledge of personal computers
Excellent written and verbal communication skills
Self-discipline and the ability to work independently as well as in a group
Skilled at using critical and logical thinking to solve problems
Ability to interact with various levels of bank and dealer personnel in a courteous and professional manner

Responsibilities

Complete floor plan inventory audits by physically inspecting the collateral as well as the dealer's books and records in reference to such collateral, including the sale, disposition and proceeds thereof
Inspect and analyze sale records to ensure that vehicles are paid off in accordance with the M&T Bank Floor Plan Agreement
Review ownership documentation for all units that are neither seen nor sold
Perform accurate and precise data entry using proprietary software
Print dealer reports and review for accuracy prior to distribution
Review the results of the audit with management and report any areas of risk, material variances to policy or negative perceptions prior to departure from the dealership
Perform other projects as requested by management
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies
Promote an environment that supports belonging 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

Skills

inventory audits

floor plan audits

collateral inspection

data entry

audit reporting

compliance

accounting

credit analysis

sales records review

ownership documentation

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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