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Overview:

Translates credit approvals and raw information into complete, accurate and legally enforceable contracts within MTCLC (M&T Capital Leasing Corporation).

Primary Responsibilities:

Prepare legally binding documents for customer’s execution for more complex transactions with risk to the organization.

Maintain an understanding of the laws and regulations for each type of equipment finance asset and location to make sure MTCLC has a first lien. Analyze and make recommendations to deviate from policy for specific situations to be able to close on a transaction with a customer.

Work with sales, credit, and customers to ensure all legal documents are created properly, executed accordingly and any needed items are obtained for the loan or lease to be perfected. Work with Legal on customer documentation negotiations and incorporate their changes to documents that have been approved and deemed acceptable by MTCLC.

Represent that MTCLC has a first lien and recommend release of funds for the transaction. Review and run pricing at closing to comply with credit approval and MTCLC policy. Create wires or check requests as applicable, to have an authorized individual release funds on a specific transaction once files are signed off on and ready for funding.

Ensure credit approval conditions are met and appropriate documentation for transactions is received. Inform internal and external customers of any problems regarding processing of the transaction. Close loans and leases, ensuring closing requirements are met.

Obtain and review liens and lien searches. Obtain releases and subordinations from competing secured parties to obtain first lien. Maintain knowledge of applicable state laws to process titles to obtain MTCLC’s accordingly. Prepare and process interim funding for complex situations.

Remain current on relevant laws, regulations, and compliance issues to be able to interpret them as required for a specific transaction.

Work with Sales in the sale of MTCLC transactions including, but not limited to, non-routine transactions to sell the deal we are perfected on.

Ensure transactions are properly booked in the appropriate system, input all informational requirements, and ensure files are documented adequately.

Obtain countersigned documents by an authorized signatory at MTCLC and scan them into the system. Obtain any post-closing items allowed per MTCLC policy and/or approval.

Ensure completion and documentation of all files for submission to Portfolio Audit.

Participate in special assignments and projects.

Serve as resource to Contract Associates. May assist manager with day-to-day operational activities, including participating in training and providing feedback on employee performance.

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:

This position helps ensure accurate and enforceable loan and lease contracts. Errors made by the position could result in loss of first lien position, which puts the organization at risk.

Supervisory/Managerial Responsibilities:

Not Applicable

Education and Experience Required:

Bachelor’s degree and a minimum of 2 year’s relevant experience, or in lieu of a degree, a combined minimum of 6 years’ higher education and/or work experience, including a minimum of 2 years’ relevant experience

Proven verbal and written communication skills

Strong analytical skills

Proven math skills

Strong organizational skills

Detail-oriented

Proficiency with personal computers as well as pertinent word processing and spreadsheet software

Education and Experience Preferred:

Ability to convey moderately complex information in a clear and concise manner

Working knowledge of loan and lease documentation

Ability to evaluate equipment sales contracts, related documents, and data

Knowledge of pertinent leasing systems

Physical Requirements:

Light

Moderate

Heavy

N/A

Light

Moderate

Heavy

N/A

Sitting

Crawling and/or Kneeling

Standing

Crouching, Squatting

Walking

Stooping, Bending

Lifting

Reaching above shoulder height

Carrying

Grasping and/or Turning

Speaking

Pulling and/or Pushing

Listening

Seeing and/or Color Determination

Working Inside

Traveling, i.e. Auto, Train, Plane

Working Outside

Driving Automatic Equipment

Keyboarding

Mousing

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $75,900.00 - $126,500.00 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

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.