Repo Coordinator II
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At a glance
Requirements
Credentials this posting asks for.
Job overview
M&T Bank is hiring a Repo Coordinator II. The Repo Coordinator II helps mitigate losses by coordinating the repossession of delinquent collateralized consumer bank auto and recreational vehicle loans. This role involves receiving referrals, coordinating with external agents, and ensuring accurate information for successful collateral recovery. The coordinator also interacts with various internal and external parties, researches collateral value, performs skip-tracing, and conducts collections activities as needed.
Key focus areas include Receive referrals from in-house Collections departments or by way of voluntary repossessions, Coordinate the repossession and transportation of collateral with dedicated list of external repossession agents, and Ensure repossession agents are provided with all necessary and accurate information to successfully recover collateral.
Successful candidates bring Combined Minimum Of 3 Years Higher Education And/or Relevant Work Experience and Ability To Travel Up To 10% Of The Time. Important skills include Mitigate Losses, Coordinate Repossession, Coordinate Transportation, Research Collateral Value, Skip-Tracing, and Customer Contact. Preferred (not required): M&T Bank Systems.
Skills & qualifications
Skills
Qualifications
Full job description
Overview:
Help to mitigate losses by coordinating the repossession of delinquent collateralized consumer bank auto & recreational vehicle loans (e.g., boats, RV’s, motorcycles).
Primary Responsibilities:
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Receive referrals from in-house Collections departments, typically at the 85 day past due point, or by way of voluntary repossessions.
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Coordinate the repossession and transportation of collateral with dedicated list of external repossession agents.
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Ensure repossession agents are provided with all necessary and accurate information to successfully recover collateral.
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Interact with in-house collectors, external vendors, attorneys and law enforcement to ensure successful recovery of collateral.
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Research value of collateral in order to provide information to Remarketing Team to determine the cost and benefit of repossession activity.
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Perform skip-tracing as necessary to locate collateral if repossession agents are unable to locate collateral after two attempts. Make customer contact in order to coordinate payments or collateral surrender.
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Perform collections activities as needed.
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Negotiate settlements with mechanic’s lien holders, impound lots, marinas, dealerships, etc.
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Participate in Audits at vendor sites as requested by management.
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Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
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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.
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Promote an environment that supports belonging and reflects the M&T Bank brand.
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Complete other related duties as assigned.
Scope of Responsibilities:
Works 200+ accounts per week.
Direct contact with external repossession agent vendors, attorneys and law enforcement.
This position has customer contact.
Education and Experience Required:
A combined minimum of 3 years’ higher education and/or relevant work experience.
Ability to travel up to 10% of the time.
Education and Experience Preferred:
Bachelor’s degree.
Collections or repossession experience.
Knowledge of M&T Bank systems.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $20.55 - $34.25 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Getzville, New York, United States of America
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.
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