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Operational Accounting Associate III

Company: M&T Bank
Location: Buffalo
Posted on: February 16, 2020

Job Description:

Overview:This position provides routine and non-routine accounting services within the Customer Asset Management (CAM) Division, including preparation of reconciliations and monthly reports, processing of system transactions and recording of general ledger entries.Primary Responsibilities:

  • Participate in loss prevention by employing advanced strategies that provide adequate protection for M&Ts interest in collateral securing defaulted mortgage loans while maximizing cost containment opportunities.
  • Prepare and process advanced loan level final reconciliations.
  • Review and identify short fall variances between what should be an expense and what was advanced or capitalized in the workout solution.
  • Work closely with business partners and vendors to ensure invoicing services provided are meeting predetermined service level agreements.
  • Ensure timely reconciliation of mortgagor and third party recoverable accounts based on the workout option completed by the borrower.
  • Maintain specialized reports to ensure recovery of funds from investors based on the workout option completed by the borrower.
  • Process manual invoices for services rendered on properties in default for Loss Mitigation.
  • Monitor corporate advance balances to ensure all loss mitigation fees and costs have been cleared.
  • Reclassify funds to recoverable and non-recoverable corporate advance in accordance with department procedures.
  • Complete special projects as assigned by management.
  • Identify process improvements and recommend solutions to management.
  • Provide training to new staff members and serve as subject matter expert to the team in the absence of management.
  • Review and update department procedures where necessary.
  • Adhere to established policies, procedures and limits focusing on observable breaches in Corporate Risk policies.Education and Experience Required:HS Diploma/GEDPlus 3 years relevant work experienceLocationGetzville, New York, United States of AmericaAt M&T Bank, we understand what's important when you're considering a career. M&T strives to be the best company our employees ever work for, the best bank our customers ever do business with, and the best investment our shareholders ever make.The key features of our culture are our:
    • Heritage of strength and stability
    • Exceptional and long-tenured employees
    • Focus on long-term client relationships
    • Commitment to the communities we serve
    • Commitment to our shareholdersWhen applying for a job at M&T Bank, candidates are required to complete a candidate profile.If you are unable to apply for career opportunities through use of this site due to an impairment or disability, please contact us at careersitesupport@mtb.com for further assistance.M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

Keywords: M&T Bank, Buffalo , Operational Accounting Associate III, Accounting, Auditing , Buffalo, New York

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