Overview:Assess current status and recovery potential by thorough review of documents and summary. Complete a collateral or asset appraisal and inspection. This position will recommend next stop process for potential remarketing if resulting in repossession for both consumer and business banking assets.Primary Responsibilities:
Complete General Security Agreement; work with appropriate vendor to schedule appraisals, for both businesses restructuring and those that are failing.
Attend auctions for repossessions and work with vendor to have an appraisal completed.
Contact customers to determine if the collateral can be sold on-site or will require repossession and transportation to auction venue. Complete the sale in order to liquidate the item which can be attained by auction, private sale, or done individually.
Determine the correct vendor to hire depending on the equipment or property that needs to be liquidated.
Determine if the bottom line prices expected at the auction are not achieved, and decide whether to sell the collateral individually or privately.
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
Scope of Responsibilities:This position has frequent customer contact, coordinating schedules to perform appraisal, repossession, workout, and/or remarketing strategy.This position has repair authority up to $2,500.00.The main goal for this position is to maximize the net return on the liquidation of assets.Education and Experience Required:A combined 5 years’ higher education and/or work experience, including a minimum of 3 years’ experience in collections, auction/repossession and/or related experienceProficient with computers and internet usage including word processing, spreadsheet and email softwareDetail orientedStrong verbal and written communication skillsEducation and Experience Preferred:Bachelor’s degree.Prior legal experience.Prior sales experience.Knowledge of M&T Bank systems.M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $24.76 - $41.27 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.LocationGetzville, New York, United States of AmericaM&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.