Entry Level Loan Operations Specialist (Commercial Real Estate) - Hybrid at M&T Bank

New York, New York, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Commercial Real Estate, BankingIndustries

Requirements

A combined minimum of 2 years’ higher education and/or work experience
Early career professionals, including recent college graduates with internship experience or exposure to accounting, finance, or real estate
Detail-oriented and organized with ability to manage multiple transactions and deadlines with precision
Eligible to live within reasonable commuting distance to 250 Park Avenue, New York, NY 10177 (hybrid role requiring two days in office per week)
Available Monday-Friday, 8:30am-5:30pm

Responsibilities

Loan Setup & Maintenance: Accurately input and maintain loan data for new originations, modifications, renewals, and refinances. Set up syndicated loans and manage participation payments – whether as the lead lender or a participant. Issue payoff letters and manage loan payoffs, including construction and participation loans
Payment Processing & Reconciliation: Process daily mortgage payments (~$30M/month) and reconcile general ledger entries. Manage escrow payments, interest rate adjustments, principal advances, and late charges. Verify payment amounts, reconcile discrepancies, and ensure timely deposits
Reporting & Compliance: Run daily loan accounting system reports and reconcile assigned general ledger accounts. Prepare wire transfers and manage unapplied funds and suspense accounts. Maintain audit-ready documentation and support internal/external audit requests
Client & Team Support: Collaborate with Relationship Managers and other departments to provide requested documentation. Communicate with other institutions to resolve payment differences on syndicated loans

Skills

Loan Setup

Loan Maintenance

Payment Processing

Reconciliation

General Ledger

Escrow Payments

Syndicated Loans

Payoff Letters

Wire Transfers

Audit Support

Compliance

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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