Overview:
Administers and processes lease obligations, tenant receivables and real property taxes for Bank’s Corporate Real Estate portfolio. Maintains proper general ledger accounting and ensures compliance with current and future accounting standards. Develops annual budgets and forecasts for all lease and owned properties.
Primary Responsibilities:
Maintain accounting records for the Corporate Real Estate portfolio. Ensure proper payment and accounting of real estate lease obligations under new regulations. Maintain accurate tenant receivables, collections and delinquency reports.
Complete proper and timely payment of real estate property taxes for leased and owned locations while reviewing property assessment changes.
Complete lease audits of all landlord invoices through financial analysis and contract reviews to ensure invoices are in compliance with terms and conditions of real estate lease contracts. Follow-up with landlords for any discrepancies resulting in adjustments to invoicing and expense reductions.
Prepare monthly general ledger balance sheet reconciliations of the Bank’s real estate lease obligations and future right-of-use assets and lease obligations, tenant receivables and/or write-offs, landlord and tenant security deposits and prepaid rents.
Prepare budgets and projections at the property and/or lease level for all lease obligations, tenant income and real estate property taxes.
Prepare and file city-specific use and occupancy taxes as required.
Maintain accurate procedures and policies supporting activities handled.
Assist with financial analysis for potential buyouts of lease obligations.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
Promote an environment that supports belonging and reflects the M&T Bank brand.
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.
Complete other related duties as assigned.
Scope of Responsibilities:
As of June 2025
Leased Properties – 1,048
Owned Properties – 410
Tenants - 124
Historical annual average cost saves from lease audits - $1,000,000 plus
2024 annual lease obligations $306.9 MM
2024 annual tenant income - $11 MM
2024 annual real property tax - $31 MM
Education and Experience Required:
Associate's Degree in Accounting or Finance and a minimum of 2 years’ accounting experience,
OR in lieu of a degree,
A combined minimum of 4 years’ higher education and/or work experience, including a minimum of 2 years’ accounting or finance experience
Strong written and verbal communication skills
Strong analytical skills
Strong decision-making skills
Strong time management skills
Proficiency with personal computers as well as pertinent spreadsheets, word processing, presentation software
Education and Experience Preferred:
Bachelor’s Degree in Accounting or Finance
Minimum of 2 years’ real estate accounting experience