M & T Bank Sr Loan Workout Rep I - 3DH2E in Baltimore, Maryland
Sr Loan Workout Rep I
Special Assets, Credit Division
Location is flexible across M&T's primary footprint
Authority and responsibility for all aspects of the Problem Commercial C&I or CRE Loan Portfolio in order to protect the Bank against losses and to ensure an effective and efficient outcome. Administer the turnaround or exit of complex credit relationships through restructurings and forbearance agreements which may include providing ongoing financing or the liquidation of the borrower.
Analyze Borrowers’ and Guarantors’ financial statements and 13 week cash flows to measure and monitor the customers’ performance and adherence to covenants within existing governing documents in addition to underwriting any restructurings or forbearance agreements
Work closely with Credit Quality Assurance, informing them of any impactful changes within the portfolio which may impact PD ratings or require the need for a charge off.
Work with outside and in-house counsel as appropriate throughout the oversight of a relationship, including participation in Bankruptcy Court proceedings or State and Federal Court proceedings
Work closely with other department personnel, financial institutions, insurance companies, turnaround consultants, and vendors that may be relied upon to provide information on the portfolio.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Promote an environment that supports diversity 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.
NATURE AND SCOPE :
The incumbent works under general supervision.
Daily interaction with various bank departments within Credit, Finance or Counsel’s office, in addition to those within the commercial bank or Treasury Management.
Daily interaction with customers, attorneys, accountants etc.
Provide recommendations as to the appropriate strategy for either a restructuring or to ensure an orderly exit, where ever possible, to safeguard M&T’s interests
Provide feedback and responses to immediate supervisor and others within Credit on the general evaluation of their portfolio
MINIMUM QUALIFICATIONS REQUIRED :
Bachelor’s degree and minimum of 5 years’ workout experience on the most complex commercial credits or 1 year experience with a turnaround consulting firm or in lieu of a degree a combined minimum of 9 years higher education and work experience to include a minimum of 5 years’ workout experience on the most complex commercial credits or 1 year experience with a turnaround consulting firm.
Very good credit and analytical skills
Computer literate and familiar with Microsoft Office
Excellent communication skills
IDEAL QUALIFICATIONS PREFERRED:
Bankruptcy Code knowledge and Bankruptcy Court experience
Healthcare Lending experience preferred
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer. M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.