Commercial Credit Associate - Affordable Housing

Commercial Credit Associate

The Commercial Credit Associate plays a pivotal role in assessing and managing credit risk for affordable housing commercial clients at M&T Bank. This position involves analyzing financial statements, monitoring loan portfolio, and ensuring compliance with credit policies and regulatory requirements. This role serves as a critical link between relationship managers (RM) and credit risk management to facilitate sound lending decisions and portfolio management.

Primary Responsibilities:

• Facilitate the credit needs of customers by underwriting new requests and material modifications from deal screen through approval and for the life of the loan.
• Manage the ongoing credit risk of existing loan portfolios through continuous credit monitoring (CCM) activities 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.
• Review all pertinent credit and financial information, including but not limited to financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research and peer data.
• Analyze financial information and related materials and complete the credit analyses for the Bank's commercial transactions.
• Prepare summary, present facts, and offers opinions concerning credit-worthiness.
• Ensure credit policy compliance by verifying adherence of underwriting to the Commercial Credit Policy and commenting on any risk associated with non-compliance.

Scope of Responsibilities:

Commercial Credit is responsible for the credit delivery of the Bank's commercial clients throughout the credit lifecycle. Credit assessments range from initial analyses of new relationships to the Bank to material modifications or restructurings of long-term relationships and ongoing monitoring through the life of the loan. Commercial Credit is also responsible for ensuring the accurate completion of the Bank's risk rating scorecards and financial statement spreads. The work completed in this capacity is used to make credit decisions for new or renewed or amended credit transactions. Position is a development account coverage role and will work with senior team members on more challenging complex transactions. The position interacts with commercial banking RMs throughout the bank's footprint and industry verticals as well as other internal and external personnel such as appraisers, construction consultants and legal counsel, on typical credit approvals. Customer interaction is expected. Works independently with limited supervision. Ability to lead a transaction execution team in partnership with a Commercial Credit Analyst, or Credit Lead/Expert depending upon the complexity and workflow.

Education and Experience Required:

• Bachelor's degree in Accounting, Finance, Economics or related field and at least 4 years' experience in commercial credit, public accounting, and financial statement analysis.
• In lieu of a degree, a combined minimum 8 years' higher education and work experience to include at least 4 years' experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis.

Education and Experience Preferred:

• Three years of Affordable Housing finance experience.
• Experience in Commercial Real Estate and specifically construction lending experience.
• Experience with nCino, Reis/CoStar.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $104,700.00 - $174,500.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Location: New York, New York, United States of America