M&T Bank Business Banking and Consumer Remarketing & Sales I in Getzville, New York
Evaluates collateral through inventory system and on-site inspections. Makes recommendations for collateral enhancement to maximize return. Utilize industry benchmarks and inspection process to provide recommended sale prices. Represents M&T Bank at auctions of repossessed assets.
Consistent inventory review of all auto ims update pertaining to secured collateral and in adherence to pre-sale inspection program.
Complete daily inventory watch. As items clear for sale, preform due diligence in determining anticipated market price. Value decision based on industry benchmarks and overall condition.
On-site inspection prior to sale date to validate condition report findings and collateral assessment. Evaluate market pricing for collateral and assign a floor price. Make adjustments to floor price as necessary.
Reconcile expenses associated with repossession, transport and reconditioning of collateral.
Represent M&T at auction of assets with authorization to sell collateral within $500 of approved pricing.
Post unauctioned collateral online and set the floor within parameters; monitor sale activity and make sale decision.
Assist in process of Business Banking Collections and Workout requests to include inspections, appraisals, repossessions, and monitoring of auctions.
Maintain policy and procedures to remain compliant within business unit.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
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.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Complete other related duties as assigned.
On site travel required 3-4 times per month for 2-3 days each on average.
Scope of Responsibilities :
Position interacts with vendors or business bankers.
This position also has repair authority up to $500.00.
Education and Experience Required:
A combined 4 years’ higher education and/or work experience, with a minimum of 2 years’ experience in collections.
Proficient with computers and internet usage including word processing, spreadsheet and email software.
Strong verbal and written communication skills
Education and Experience Preferred:
Knowledge of M&T Bank systems.
Getzville, New York, United States of America
At M&T Bank, we understand what's important when you're considering a career. M&T strives to be the best company our employees ever work for, the best bank our customers ever do business with, and the best investment our shareholders ever make.
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Heritage of strength and stability
Exceptional and long-tenured employees
Focus on long-term client relationships
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Commitment to our shareholders
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