Commercial Credit Associate CRE
M&T Bank, New York, NY, United States
Commercial Credit Associate
The Commercial Credit Associate plays a pivotal role in assessing and managing credit risk for 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 include facilitating the credit needs of customers by underwriting new requests and material modifications from deal screen through approval and for the life of the loan, managing the ongoing credit risk of existing loan portfolios through continuous credit monitoring activities, reviewing all pertinent credit and financial information, analyzing financial information and related materials and completing the credit analyses for the Bank's commercial transactions, making appropriate structure recommendations based on an analysis and evaluation of scenarios, identifying suspicious activity and activity that may be contrary to customer's interest, partnering proactively with relationship managers (RM) and being intimately involved throughout the deal process, preparing cash flow, collateral schedules, covenant sensitivity calculations, financial models, and guarantor statement analysis as appropriate, attending client/prospect calls with RMs to gain a thorough understanding of the client/prospect and their business to effectively analyze and underwrite the proposed transaction, preparing summary, presenting facts, and offering opinions concerning credit-worthiness, ensuring credit policy compliance by verifying adherence of underwriting to the Commercial Credit Policy and commenting on any risk associated with non-compliance, understanding and adhering to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite, promoting an environment that supports belonging and reflects the M&T Bank brand, maintaining M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable, and completing other related duties as assigned. Scope of responsibilities includes credit delivery of the Bank's commercial clients throughout the credit lifecycle, ensuring the accurate completion of the Bank's risk rating scorecards and financial statement spreads, and working independently with limited supervision. The position interacts with commercial banking RMs throughout the bank's footprint and industry verticals as well as other internal personnel on typical credit approvals, and customer interaction is expected. Supervisory/managerial responsibilities include input into the development of and training of junior/newly hired Analysts. Education and experience required include a 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. Strong verbal and written communication skills, strong analytical skills with proficiency in financial modeling and analysis of credit metrics, familiarity with legal documents and how to efficiently understand structural elements, critical thinking and problem-solving abilities, attention to detail with a high level of accuracy, strong organizational and time management skills, ability to work independently and as a part of a team, customer focused with strong interpersonal skills, and proficiency with Microsoft Office are also required. Education and experience preferred include experience with Capital IQ, FactSet, and Bloomberg, experience in Commercial Real Estate, and experience with nCino. 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
The Commercial Credit Associate plays a pivotal role in assessing and managing credit risk for 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 include facilitating the credit needs of customers by underwriting new requests and material modifications from deal screen through approval and for the life of the loan, managing the ongoing credit risk of existing loan portfolios through continuous credit monitoring activities, reviewing all pertinent credit and financial information, analyzing financial information and related materials and completing the credit analyses for the Bank's commercial transactions, making appropriate structure recommendations based on an analysis and evaluation of scenarios, identifying suspicious activity and activity that may be contrary to customer's interest, partnering proactively with relationship managers (RM) and being intimately involved throughout the deal process, preparing cash flow, collateral schedules, covenant sensitivity calculations, financial models, and guarantor statement analysis as appropriate, attending client/prospect calls with RMs to gain a thorough understanding of the client/prospect and their business to effectively analyze and underwrite the proposed transaction, preparing summary, presenting facts, and offering opinions concerning credit-worthiness, ensuring credit policy compliance by verifying adherence of underwriting to the Commercial Credit Policy and commenting on any risk associated with non-compliance, understanding and adhering to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite, promoting an environment that supports belonging and reflects the M&T Bank brand, maintaining M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable, and completing other related duties as assigned. Scope of responsibilities includes credit delivery of the Bank's commercial clients throughout the credit lifecycle, ensuring the accurate completion of the Bank's risk rating scorecards and financial statement spreads, and working independently with limited supervision. The position interacts with commercial banking RMs throughout the bank's footprint and industry verticals as well as other internal personnel on typical credit approvals, and customer interaction is expected. Supervisory/managerial responsibilities include input into the development of and training of junior/newly hired Analysts. Education and experience required include a 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. Strong verbal and written communication skills, strong analytical skills with proficiency in financial modeling and analysis of credit metrics, familiarity with legal documents and how to efficiently understand structural elements, critical thinking and problem-solving abilities, attention to detail with a high level of accuracy, strong organizational and time management skills, ability to work independently and as a part of a team, customer focused with strong interpersonal skills, and proficiency with Microsoft Office are also required. Education and experience preferred include experience with Capital IQ, FactSet, and Bloomberg, experience in Commercial Real Estate, and experience with nCino. 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