Responsible for the quality and efficiency of the underwriting of commercial loan analyses and the ongoing monitoring activity. Ensure timely and accurate credit risk ratings and compliance with both credit policy and loan agreements. Interact daily with senior management of the First and Second Lines of Defense regarding the underwriting and ongoing portfolio monitoring activities of major commercial loan requests/relationships.
Primary Responsibilities:Lead team that partners proactively with the sales team and is intimately involved throughout the deal process, from deal screen through approval and for the life of the loan. Provide leadership to team as they make recommendations on appropriate credit structures, risk ratings, and perform continuous credit monitoring (CCM) for a portfolio of commercial clients. Provide an independent credit quality assessment of the Bank's largest commercial clients identifying credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues. These assessments include initial analyses of new money and material modifications. Evaluate and determine the ongoing credit risks and corresponding risk rating of commercial clients through detailed financial statement analysis, industry assessment, collateral valuation, cash flow analysis and the ability to repay annual debt service.Responsible for the day-to-day activities of a team of Underwriter/Portfolio Managers to include the quality and efficiency of the underwriting of commercial loan analyses, including the accuracy of risk ratings, and quality and efficiency of the CCM activities of the team enabling the timely identification of emerging credit risk so that appropriate actions can be taken to manage the risk, minimize losses and assign an accurate risk rating. A CCM program includes but is not limited to annual reviews (and PLRs and Guarantor Assessments), interim update memos, a covenant monitoring program, problem loan management, early warning indicators, and other forms of credit surveillance.Maintain the quality of analyses produced, based on a program of mentoring the analysts and portfolio managers and reviewing final work prior to submission to appropriate credit authority.May underwrite, monitor, or provide guidance on more complex credit structures.Serve as the point person for assigning new and existing customer relationships, supports team in prioritizing work, and monitors workflow to ensure adequate team coverage.Meet with clients when appropriate.Prepare thoughtful risk assessment of customers on an ongoing basis to identify emerging risks or material changes in customers financial position, including evaluation of compliance with the loan agreement.Provides ongoing training to the team.Maintain work logs and prepare monthly productivity reports for management, and other reports, as needed.Resolve any policy and procedure, accounting or credit issues that occur.Maintain an in-depth knowledge of accounting pronouncements and the effect on Bank credits.Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.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 of Responsibilities:Ensure that underwriting supports the Regional Credit Officers and various Loan Committees in making timely and informative decisions on credit requests for both new and existing customers, within Bank lending parameters.
Trains credit analysts to build bench strength within the department.
Position interacts on an ongoing basis with senior management both in First and Second lines of defense.
Managerial/Supervisory Responsibilities:Supervises and mentors a team (up to 10) of commercial credit portfolio manager/underwriters.
Education and Experience Required:Bachelors’ degree in Accounting, Finance, or related discipline with 8 years’ related experience with three years’ work leadership/supervisory experience, or in lieu of degree, a combined minimum of 12 years’ higher education and work experience to include a minimum 8 years’ related experience with three years’ work leadership/supervisory experience.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $145,114.31 - $241,857.18 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.LocationHauppauge, New York, United States of America