Special Assets Officer III at M&T Bank

Akron, Ohio, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Four-year degree (degree in Accounting, Business Administration, or Finance preferred)
10+ years directly related work experience (including 5+ years in workout and 5+ years in lending)

Responsibilities

Effectively manage an assigned portfolio of 15-20 commercial loan workout relationships averaging >$2.5MM, developing feasible, timely workout strategies, restructuring credit/repayment terms, and securing collateral
Coordinate with tax, legal, audit, and credit/loan policy departments to ensure compliance of workout agreements with company policies and regulations
Enforce bank's rights and remedies in cases of failed workouts or further defaults, working with counsel, recovery professionals, receivers, etc., attending judicial proceedings, and establishing collateral liquidation values
Prepare management reporting, maintain credit file documentation, recommend risk rating adjustments, update loan loss recognitions/accruals, monitor covenant compliance, ensure financial reporting, and resolve exceptions
Monitor collection and application of recovered funds; coordinate workout plan implementation with loan review, accounting, and other departments
Interact regularly with peers, managers, and customers, including in controversial situations or to influence actions
Orient, train, or review work of lower-level workout analysts
Maintain good working relationships with bank employees and demonstrate teamwork
Perform other related duties as required

Skills

Commercial Loan Workout

Portfolio Management

Risk Rating Adjustments

Credit Restructuring

Collateral Valuation

Regulatory Compliance

Asset Recovery

Financial Reporting

Legal Coordination

Loss Recognition

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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