MTCLC Senior Contract & Transaction Analyst at M&T Bank

Bridgeport, Connecticut, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Equipment Finance, LeasingIndustries

Requirements

Bachelor’s degree and a minimum of 2 years’ relevant experience, or in lieu of a degree, a combined minimum of 6 years’ higher education and/or work experience, including a minimum of 2 years’ relevant experience
Proven verbal and written communication skills
Strong analytical skills
Proven math skills
Strong organizational skills
Detail-oriented
Proficiency with personal computers as well as pertinent word processing and spreadsheet software

Responsibilities

Prepare legally binding documents for customer’s execution for more complex transactions with risk to the organization
Maintain an understanding of the laws and regulations for each type of equipment finance asset and location to ensure MTCLC has a first lien
Analyze and make recommendations to deviate from policy for specific situations to close on a transaction with a customer
Work with sales, credit, and customers to ensure all legal documents are created properly, executed accordingly, and any needed items are obtained for the loan or lease to be perfected
Work with Legal on customer documentation negotiations and incorporate their changes to documents that have been approved and deemed acceptable by MTCLC
Represent that MTCLC has a first lien and recommend release of funds for the transaction
Review and run pricing at closing to comply with credit approval and MTCLC policy
Create wires or check requests as applicable to have an authorized individual release funds on a specific transaction once files are signed off on and ready for funding
Ensure credit approval conditions are met and appropriate documentation for transactions is received
Inform internal and external customers of any problems regarding processing of the transaction
Close loans and leases, ensuring closing requirements are met
Obtain and review liens and lien searches
Obtain releases and subordinations from competing secured parties to obtain first lien
Maintain knowledge of applicable state laws to process titles to obtain MTCLC’s accordingly
Prepare and process interim funding for complex situations
Remain current on relevant laws, regulations, and compliance issues to interpret them as required for a specific transaction
Work with Sales in the sale of MTCLC transactions including, but not limited to, non-routine transactions to sell the deal we are perfected on
Ensure transactions are properly booked in the appropriate system, input all informational requirements, and ensure files are documented adequately
Obtain countersigned documents by an authorized signatory at MTCLC and scan them into the system
Obtain any post-closing items allowed per MTCLC policy and/or approval
Ensure completion and documentation of all files for submission to Portfolio Audit
Participate in special assignments and projects
Serve as resource to Contract Associates
May assist manager with day-to-day operational activities, including participating in training and providing feedback on employee performance
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

Contract Preparation

Legal Document Drafting

UCC Compliance

Lien Perfection

Equipment Finance

Credit Approval Review

Transaction Closing

Pricing Analysis

Wire Processing

State Law Knowledge

Title Processing

Funding Release

Policy Deviation Analysis

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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