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M&T Bank Business Banking & Consumer Remarketing & Sales I - Remote option in Getzville, New York

** Please note that although this position is open to Remote candidates, mandatory travel is required to all States throughout M&T Bank's Footprint.

Overview:

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.

Primary Responsibilities:

  • 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.

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, including a minimum of 2 years’ experience in collections, auction/repossession and/or related experience

Proficient with computers and internet usage including word processing, spreadsheet and email software

Detail-oriented

Strong verbal and written communication skills

Mandatory travel throughout M&T's Footprint 90%

Education and Experience Preferred:

Bachelor’s degree.

Knowledge of M&T Bank systems.

Location

Getzville, New York, United States of America

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.

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