LEAF Senior Credit Underwriter at M&T Bank

Philadelphia, Pennsylvania, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s degree and a minimum of 3 years’ related experience, or in lieu of a degree, a combined minimum of 7 years’ higher education and/or work experience, including a minimum of 3 years’ related experience
Strong organizational skills
Strong analytical skills
Strong decision-making skills
Strong verbal and written communication skills
Proven presentation skills
Good working knowledge of credit and underwriting principles and procedures
Bachelor's degree in Finance, Accounting, Economics, or Mathematics (preferred)
Minimum of 5 years’ related experience (preferred)

Responsibilities

Underwrite loan and lease credit applications within assigned authority and accurately record the decision in the appropriate system
Refer credit decisions above assigned authority to proper credit personnel, inclusive of a recommendation for approval or denial, and ensure all credit recommendations have been approved by the proper level of credit authority
Prepare credit-write ups for transactions with total exposure between $1.0 mm and $2.0 mm, routinely including the review of borrower’s financial statements (which can include 10K and 10Q reports) and/or tax returns that require use of financial spreadsheets to properly analyze financial condition and cash flow
Search public databases to obtain debt ratings, financial statements, and other information as needed
Assign appropriate risk ratings to customers according to parameters outlined in Credit Policy
Review collateral descriptions, vendor qualifications and experience with the business and recommend appropriate structure and credit action as part of comprehensive credit write-up
Ensure activities adhere to Credit Policy, including identification of reportable and non-reportable policy exceptions, as well as other Bank policies and external regulations
Determine total business credit exposure and review current and past schedules held with the business to determine potential credit concerns related to payment delinquencies
Prepare annual reviews for existing borrowers with exposure greater than $750k on a quarterly basis and inclusive of a review of updated financial statements and evaluation of assigned risk ratings
Communicate with Sales to provide explanations of investment decisions and/or transaction structure as needed
Develop and maintain a sound understanding of the inherent sensitivities with vendor, major account, and end user relationships, while managing credit risk; escalate concerns to management as required
Present analyses and/or address questions during credit request discussions or committee presentations as requested
Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite; identify risk-related issues needing escalation to management
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

Credit Underwriting

Loan Underwriting

Lease Underwriting

Financial Statement Analysis

Tax Return Analysis

Excel

Risk Rating

Probability of Default

Loss Given Default

Collateral Review

10K Analysis

10Q Analysis

Public Database Research

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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