Manages an assigned collections team responsible for collections, repossessions, remarketing of assets, litigation, and bankruptcies for small ticket business equipment leases.
Primary Responsibilities:Manage the collection of past due payments of active loan and lease accounts to bring the delinquency ratio within target ranges.Assist assigned Collectors with assessing collections options, tools, and implementation of tactics to secure payment or minimize loss.Assist in asset repossession and remarketing, concentrating on those of a more complex nature, to minimize time frames for acquiring and reselling assets, while maximizing funds received.Assist in bankruptcy and litigation to minimize time frames for collection of funds and to maximize amount received.Work with external servicing vendor to monitor delinquencies, assist with individual accounts, and provide guidance and decisions on a timely basis as needed.Approve, or recommend for approval, asset sales, and litigation and collection settlements within assigned authority.Establish and implement and ensure adherence to relevant policies and ensure proper accounting for collection accounts.Utilize tracking and reporting systems to effectively manage daily activities of all managed functions; analyze reports to identify issues and make subsequent recommendations and/or take appropriate action to address them. Provide ad-hoc and established summary reports for management.Develop and implement strategies for improving collection effectiveness to reduce delinquencies and charge-offs, and maximize funds recovered while minimizing recovery timeframes.Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite. Design, implement, maintain, and enhance internal controls to mitigate risk on an ongoing basis. 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:Supervisory/Managerial Responsibilities:No. of Staff – 6 - 10
Education and Experience Required:Minimum of 7 years’ higher education and/or work experience, including a minimum of 5 years’ collections, workout and/or recovery experience
Minimum of 2 years’ supervisory, and/or work leadership skills
Strong verbal and written communications skills
High proficiency with personal computers as well as pertinent spreadsheet, word processing and email software
Strong problem-solving skills
Strong interpersonal skills
Strong analytical skills
Education and Experience Preferred:Minimum of an Associate’s degree
Minimum of 10 years’ commercial equipment leasing and finance collections, workout and/or recovery experience
Minimum of 5 years’ supervisory experience
Workout and credit analysis experience
Prior experience with business-specific systems
Knowledge of laws and regulations regarding asset recovery
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $71,985.72 - $119,976.20 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.LocationClanton, Alabama, United States of America