OVERVIEW
Evaluate and determine the credit risks of lending to commercial clients through detailed financial statement analysis, industry assessment, collateral valuation, cash flow analysis and the ability to repay annual debt service.
RESPONSIBILITIES
Facilitate the credit needs of customers and prospects by underwriting new requests and material modifications from deal screen through approval. Ensure a successful transition of new customers/loans to monitoring team for ongoing continuous credit monitoring.
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. Determine the need for more thorough investigation or additional information.
Analyze financial information and related materials and complete the credit analyses for the Bank’s commercial transactions. Written analyses to include an independent credit quality assessment with well-supported risk rating, identification of and description of credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues of respective deals.
Partner proactively with relationship managers and portfolio managers, and be intimately involved throughout the deal process, from deal screen through approval.
Spread financial statements and prepare financial models designed to sensitize various conditions impacting the proposed transaction.
Prepare cash flow, collateral schedules, covenant sensitivity calculations, interest rate sensitivity calculations, PD and LGD scorecards, financial models, and guarantor statement analysis as appropriate.
Attend 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. Based on underwriting parameters, recommend the risk rating.
Prepare summary, present facts, and offers opinions concerning creditworthiness.
Present analysis or address questions during credit request discussions or committee presentations.
Ensure credit policy and underwriting guideline compliance by verifying adherence of underwriting to the Commercial Credit Policy and Underwriting Guidelines commenting on any risk associated with non-compliance.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Promote an environment that supports diversity 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
The Commercial Credit Underwriting Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients. These assessments range from initial analyses of new relationships to the Bank to material modifications or restructurings of long-term relationships. The Department also is 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 new loan decisions.
The position interacts with commercial banking relationship managers and credit officers throughout the bank’s footprint as well as other internal personnel.
Customer interaction may be applicable.
Works independently with limited supervision.
EDUCATION AND EXPERIENCE REQUIRED
Bachelors’ degree in Accounting, Finance, Economics or related field with 2 years' experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis or in lieu of degree a combined minimum of 6 years’ higher education and work experience to include 2 years' experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis.
Strong verbal and written communication skills.
Strong analytical ability.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $60,890.34 - $101,483.90 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.Location