MTCLC Senior Contract & Transaction Analyst

M&T Bank • Bridgeport, CT

1d

About The Position

Overview: Translates credit approvals and raw information into complete, accurate and legally enforceable contracts within MTCLC (M&T Capital Leasing Corporation). Primary Responsibilities: Prepare legally binding documents for customer’s execution for more complex transactions with risk to the organization.

Requirements

• 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

Nice To Haves

• Ability to convey moderately complex information in a clear and concise manner
• Working knowledge of loan and lease documentation
• Ability to evaluate equipment sales contracts, related documents, and data
• Knowledge of pertinent leasing systems

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.

Benefits

• As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees