Senior Credit Underwriter, Equipment Finance 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, Financial ServicesIndustries

Requirements

Bachelor’s degree and a minimum of 3 years’ commercial credit, leasing, public accounting, financial statement preparation/analysis or other financial analysis 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’ commercial credit, leasing, public accounting, financial statement preparation/analysis or other financial analysis experience
Strong verbal and written communication skills
Strong presentation skills
Strong knowledge of credit policies and procedures
Strong research skills
Strong analytical skills
Experience influencing lending issues
Proficiency with personal computers as well as pertinent word processing, spreadsheet, and industry-specific software
Strong organizational skills
Detail-oriented
Experience working independently
Strong decision-making skills

Responsibilities

Facilitate the credit needs of customers by underwriting new requests and material modifications from submittal through approval and funding
Underwrite and recommend lease and loan transactions for final approval by analyzing larger and/or more complex financial information, including trends, cash flow and key risks, collateral, and other related information within assigned authority as applicable
Complete spreads of financial statements, prepare debt service overlays, initiate appraisals, confirm existing exposure, obtain references and reports, and check related names to ensure regulatory compliance
Determine the need for more thorough investigation or additional information and coordinate the gathering of such
Interact with customers during the underwriting process to obtain additional information and gain a better understanding of the credit, including the reason for the acquisition, financial trends, and industry information
Prepare written credit presentations
Ensure credit policy compliance and evaluate risk associated with non-compliance
Maintain currency of credit department logs and internal systems
Review and confirm for funding that all credit requirements have been met based on the signed approval and subject collateral is as approved
Prepare modifications and seek appropriate approvals for any changes to the transaction
Authorize and track transaction commencement and funding (after confirming all conditions and regulatory requirements have been satisfied)
Provide Portfolio Administration with approved presentations to ensure ongoing covenant compliance
Identify material adverse changes and provide information and advice to the appropriate party
Upload new financial statements for the Portfolio Administration department to access
Provide guidance to other Credit Department members as requested and assist other Departments with credit specific questions or reviewing existing customer information
Provide training and guidance to less experienced Underwriters as needed or requested from management
Prepare and maintain files on equipment vendors and approved brokers
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 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

Financial Statement Spreads

Debt Service Overlay

Cash Flow Analysis

Collateral Analysis

Appraisals

Credit Risk Assessment

Regulatory Compliance

Lease Underwriting

Loan Structuring

Financial Trends 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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