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Business Banking and Consumer Remarketing & Sales I

Location
Getzville, New York
Job Type
Permanent
Posted
13 Sep 2020


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.
  • 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.

Detail oriented.

Strong verbal and written communication skills



Education and Experience Preferred:

Bachelor's degree.

Knowledge of M&T Bank systems.



Location

Getzville, New York, United States of America
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Details

  • Job Reference: 173889247-2
  • Date Posted: 13 September 2020
  • Recruiter: M&T Bank
  • Location: Getzville, New York
  • Salary: On Application
  • Sector: Banking & Financial Services
  • Job Type: Permanent