Senior Collections Specialist - Consumer Default Servicing

Overview: ========= Manage complex accounts with the following areas of specialization: Foreclosure, Bankruptcy, REO/Property Preservation, Repossession, Remarketing, Legal Liaison, Recovery or Post Charge Off Collections. **Primary Responsibilities:** ----------------------------- * Work independently to develop sales leads and proper markets for the sale of collateral where applicable. * Responsible for managing an assigned portfolio for open or non-performing assets that are severely delinquent (90+ days past due), mitigating loss situations and reducing potential losses to M&T Bank. * Perform inbound and outbound calls, skip tracing, short sales, modifications, and work outs situations up to and including settlements. * Initiate direct contact with business partners and vendors to ensure services provided are meeting predetermined service level agreements. Possess enhanced authority to negotiate sale agreements. * Initiate contact with customers’ attorneys and Bankruptcy trustees. * Investigate and conduct skip tracing as required. * Submit recommendations for account placement with third party collection agencies, attorneys, brokers, and property preservation firms. * Initiate direct contact with borrowers (consumer, mortgage, deposit overdraft, business banking), assessing the prospect of repayment, arranging repayment schedules or other solutions. * Participate in loss prevention by employing advanced strategies that provide adequate protection for M&T with respect to its interest in the collateral securing the loan, while maximizing the cost containment opportunities. * Review collateral condition and establish asset value. Negotiate sale with prospective buyers and conclude sales transaction with limited oversight. * Develop an understanding of the business and its functions, processes and operations. * Keep abreast of business and market trends that may affect business department. * Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies. * 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. * Promote an environment that supports belonging and reflects the M&T Bank brand. * Complete other related duties as assigned. **Scope of Responsibilities:** ------------------------------ This position works under limited supervision and has settlement authority. **Education and Experience Required:** -------------------------------------- A combined minimum of 4 years’ higher education and/or work experience including a minimum of 2 years’ experience in customer service, customer-facing, collections, call center or sales. Skilled with skip-tracing. Strong negotiation skills. **Education and Experience Preferred:** --------------------------------------- Knowledge of M&T Bank systems M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $22.61 - $37.67 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. **Location** ============ Getzville, New York, United States of America