LEAF Collections Mgr

United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Candidates must have a minimum of 7 years of higher education and/or work experience, including at least 5 years in collections, workout, and/or recovery. A minimum of 2 years of supervisory or work leadership experience is also required, along with strong verbal and written communication skills, high PC proficiency, and strong problem-solving, interpersonal, and analytical skills. Preferred qualifications include an Associate's degree, 10 years of commercial equipment leasing and finance collections experience, 5 years of supervisory experience, workout and credit analysis experience, and knowledge of asset recovery laws and regulations.

Responsibilities

The Collections Manager will oversee a team responsible for collections, repossessions, remarketing of assets, litigation, and bankruptcies for small ticket business equipment leases. Key duties include managing past due payments, assisting collectors with strategies, aiding in asset repossession and remarketing, supporting bankruptcy and litigation efforts, working with external vendors, approving asset sales and settlements, establishing and enforcing policies, utilizing tracking systems for analysis and reporting, developing strategies to improve collection effectiveness, and managing staff performance. The role also requires adherence to risk and regulatory standards and maintaining internal control standards.

Skills

Collections Management

Asset Repossession

Remarketing

Litigation

Bankruptcy

Risk Management

Regulatory Compliance

Financial Reporting

Performance Management

Staff Management

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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