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    Leasing Lead Credit Underwriter - Bridgeport, United States - M&T Bank

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    Description
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    Leasing Lead Credit Underwriter

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    remote type

    Hybrid Position

    locations

    Bridgeport, CT

    time type

    Full time

    posted on

    Posted 6 Days Ago

    job requisition id

    R60119


    Overview:


    Responsible for preliminary screening, advisement, underwriting, approving, and funding of the largest and most complex loan and lease requests with the greatest risks/financial exposure to the organization.

    Advises on deal size and structure based on customer strength and collateral coverage.


    Responsibilities:

    Facilitate the credit needs of customers by underwriting new requests and material modifications from submittal through approval and funding.

    Underwrites and recommends transactions for final approval sign off by analyzing highly complex financial information, including trends, cash flow and key risks, collateral, and other related information.

    Performs spreads of financial statements, prepares debt service overlays, initiates appraisals, confirms existing exposure, obtains references & reports, and checks related names to ensure regulatory compliance.

    Determines the need for more thorough investigation or additional information and coordinates the gathering of such.
    Prepares written credit presentations. Ensures credit policy compliance and evaluates risk associated with non-compliance. Keeps credit department logs and internal systems up to date.
    Reviews and approves final documentation to ensure compliance with approved structure. Tracks the fundings, ensures regulatory compliance, follows for, and confirms all credit conditions have been met. Prepares modifications and seeks appropriate approvals for any changes to the transaction. As requested, signs off for transaction commencement and funding (after confirming all conditions and regulatory requirements haven been met).
    Utilizes expertise of leasing concepts and related policies, procedures, and techniques to provide feedback and recommendations to sales representatives.
    Provides Portfolio Administration with approved presentations to ensure ongoing covenant compliance. Identifies material adverse changes and provides information and advice to the appropriate party. Uploads new financial statements for the Portfolio Administration department to access.
    Prepares and maintains files on all equipment vendors and approved brokers.

    Provide guidance to other Credit Department members as requested and assist other Departments with credit specific questions or reviewing existing customer information.

    Provide training and guidance to Underwriters and Senior Underwriters as needed/requested.
    Willingness to travel to assist on time sensitive portfolio reviews.
    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.

    Scope:


    This position is responsible for performing preliminary screening, advisement, underwriting, approving, and funding of mid to large size loan and lease transactions.

    Works independently with limited supervision.
    Customer interaction is expected with willingness to travel to assist on time sensitive portfolio reviews.
    Management

    Responsibilities:

    Input into training of junior/newly hired Underwriters.

    Education/Experience Requirements:


    Bachelors' degree in Accounting, Finance, Economics, or related discipline with 5 years' experience in commercial credit, leasing, public accounting, financial statement preparation/analysis or other financial analysis or in lieu of degree a combined minimum of 9 years' higher education and work experience to include 5 years' experience in commercial credit, leasing, public accounting, financial statement preparation/analysis or other financial analysis.

    Excellent written, verbal and presentation skills are needed to communicate effectively with internal staff and external customers.
    Expertise in credit policies and procedures.
    Comprehensive knowledge of all aspects of equipment leasing industries.
    Excellent research and analytical skills to make sound decisions. Ability to focus on relevant issues and influence lending issues.
    Excellent ability to inform, educate, and influence junior team members, internal/external partners, and customers.
    Ability to manage multiple priorities within strict timeframes.
    Ability to lead and work as a team.
    #LI-LP1
    M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103, $173,044.05 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

    Location

    Bridgeport, Connecticut, United States of America

    Similar Jobs (1)

    PCLC Leasing-Portfolio Administrator

    remote type

    Onsite Position

    locations

    Bridgeport, CT

    time type

    Full time

    posted on

    Posted 14 Days Ago
    At M&T Bank, we make a difference in people's lives .

    For more than 160 years, we've been providing our customers with guidance and financial solutions, leading our communities through challenges and growth opportunities, and empowering our employees to build purpose-driven careers.

    Our talent and culture set us apart.

    Our core values drive the work we do – integrity, ownership, collaboration, curiosity, candor.

    We seek to further build upon our record of success by bringing in diverse talents and fresh skill sets while supporting the growth and development of all team members.

    At M&T, we are a talent and people driven organization. Take a peek inside M&T's Human Capital Report

    to learn how it feels to be one of our 17,000+ employees.
    We are constantly renewing.


    Our future success relies on our ability to understand what's important to our customers and use that understanding to build new and innovative customer experiences.

    We support our employees every step of the way.
    Competitive compensation
    Full medical & dental benefits, Heath Savings & Flexible Spending Accounts, and life/disability insurance
    Generous paid time off (PTO) plus 11 paid holidays and an option to buy additional PTO
    401(k) match at 5% with options for Roth and discretionary employer contributions
    A deep commitment to equity, including 14 resource group charters, a D&I sponsorship program, 40 annual paid volunteer hours and more
    Various options for tuition assistance, paid parental leave, stock purchase, wellness and employee discounts
    We need you.

    Are you ready to join us? Apply today to start the journey.
    If you are unable to apply through this site due to technical issues or are in need of an accommodation to apply, please contact us at

    for assistance.
    M&T Bank Corporation is an Equal

    Opportunity/Affirmative

    Action Employer, including disabilities and veterans.
    M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

    #J-18808-Ljbffr


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