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M&T Bank · 1 month ago

M&T Bank Senior Equipment Finance Contract & Transaction Analyst

Bridgeport, CT

Full-time

Hybrid

Mid, Senior Level

$76K/yr - $126K/yr

2+ years exp

M&T Bank is a financial institution that offers a variety of banking services. They are seeking a Senior Equipment Finance Contract & Transaction Analyst to translate credit approvals into legally enforceable contracts, while ensuring compliance with relevant laws and regulations. The role involves preparing documentation, collaborating with various teams, and maintaining accurate records to support the financing process.

Financial Services

Responsibilities

Prepare legally binding documents for customer’s execution for more complex transactions with risk to the organization

Maintain an understanding of the laws and regulations for each type of equipment finance asset and location to make sure MTCLC has a first lien

Analyze and make recommendations to deviate from policy for specific situations to be able to close on a transaction with a customer

Work with sales, credit, and customers to ensure all legal documents are created properly, executed accordingly and any needed items are obtained for the loan or lease to be perfected

Work with Legal on customer documentation negotiations and incorporate their changes to documents that have been approved and deemed acceptable by MTCLC

Represent that MTCLC has a first lien and recommend release of funds for the transaction

Review and run pricing at closing to comply with credit approval and MTCLC policy

Create wires or check requests as applicable, to have an authorized individual release funds on a specific transaction once files are signed off on and ready for funding

Ensure credit approval conditions are met and appropriate documentation for transactions is received

Inform internal and external customers of any problems regarding processing of the transaction

Close loans and leases, ensuring closing requirements are met

Obtain and review liens and lien searches

Obtain releases and subordinations from competing secured parties to obtain first lien

Maintain knowledge of applicable state laws to process titles to obtain MTCLC’s accordingly

Prepare and process interim funding for complex situations

Remain current on relevant laws, regulations, and compliance issues to be able to interpret them as required for a specific transaction

Work with Sales in the sale of MTCLC transactions including, but not limited to, non-routine transactions to sell the deal we are perfected on

Ensure transactions are properly booked in the appropriate system, input all informational requirements, and ensure files are documented adequately

Obtain countersigned documents by an authorized signatory at MTCLC and scan them into the system

Obtain any post-closing items allowed per MTCLC policy and/or approval

Ensure completion and documentation of all files for submission to Portfolio Audit

Participate in special assignments and projects

Serve as resource to Contract Associates

May assist manager with day-to-day operational activities, including participating in training and providing feedback on employee performance

Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite

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

Qualification

LoanLease documentationAnalytical skillsVerbalWritten communicationProficiency with spreadsheetsDetail-orientedMath skillsLeasing systemsOrganizational skills

Required

Bachelor's degree and a minimum of 2 year's relevant experience, or in lieu of a degree, a combined minimum of 6 years' higher education and/or work experience, including a minimum of 2 years' relevant experience

Proven verbal and written communication skills

Strong analytical skills

Proven math skills

Strong organizational skills

Detail-oriented

Proficiency with personal computers as well as pertinent word processing and spreadsheet software