Collections

• Manages an assigned collections team responsible for collections, repossessions, remarketing of assets, litigation, and bankruptcies for small ticket business equipment leases.
• Manage the collection of past due payments of active loan and lease accounts to bring the delinquency ratio within target ranges.
• Assist assigned Collectors with assessing collections options, tools, and implementation of tactics to secure payment or minimize loss.
• Assist in asset repossession and remarketing, concentrating on those of a more complex nature, to minimize time frames for acquiring and reselling assets, while maximizing funds received.
• Assist in bankruptcy and litigation to minimize time frames for collection of funds and to maximize amount received.
• Work with external servicing vendor to monitor delinquencies, assist with individual accounts, and provide guidance and decisions on a timely basis as needed.
• Approve, or recommend for approval, asset sales, and litigation and collection settlements within assigned authority.
• Establish and implement and ensure adherence to relevant policies and ensure proper accounting for collection accounts.
• Utilize tracking and reporting systems to effectively manage daily activities of all managed functions; analyze reports to identify issues and make subsequent recommendations and/or take appropriate action to address them.
• Provide ad-hoc and established summary reports for management.
• Develop and implement strategies for improving collection effectiveness to reduce delinquencies and charge-offs, and maximize funds recovered while minimizing recovery timeframes.
• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
• Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite.
• Design, implement, maintain, and enhance internal controls to mitigate risk on an ongoing basis.
• 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.

Collections Manager

Salary

Job Level

About the role

Requirements

Tax Accountant

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