Banking Services Operations Associate III-Consumer ILN Insurance Servicing

M&T Bank Corporation; Buffalo (NY); On-site; USD 26,000 - 44,000; Full time

Benefits offered by this job

Medical benefits

Retirement plan

Paid volunteer time

Job summary

M&T Bank Corporation in Buffalo, NY seeks to fill a role handling refunds for warranty cancellations and total loss claims. You will process funds via checks, ACH, and imaging, and respond to customer questions while coordinating with partners to ensure accurate refunds.

The position requires a High School diploma or GED with 2+ years of general work experience; additional Associate's Degree preferred. On-site work in Buffalo, NY, with competitive medical and retirement benefits and paid

Qualifications

• High School diploma or GED with at least 2 years of general work experience.
• Experience using Personal Computers including word processing, spreadsheet, presentation, and industry-specific software.

Responsibilities

• Process refunds and verify accurate refund amounts for warranty cancellations and total loss claims.
• Handle outbound calls to warranty providers, insurers, and dealerships.
• Respond to customer inquiries regarding refunds and status.
• Coordinate with offshore team on warranty cancellation preparations.
• Maintain data integrity in case management and audit reviews.

Skills

Word processing

Spreadsheet

Presentation software

Industry-specific software

Education

High School diploma / GED

Associate's Degree

Job description

Overview

Supports the regulated cancellation and processing of automobile and recreational product (recfi) dealer warranties at time of early payoff, sold collateral, or total loss. Works closely with internal business partners to process refunds to customers and external partners to ensure customers are receiving the correct refund amounts. This role also assists customers involved in Total Loss work through their primary insurance and GAP claims if applicable.

Position Responsibilities

• Process funds received for cancellations and total loss claims via physical checks, ACH funds, and lockbox imaged virtual funds.
• Complete required ticket work and money movement activities.
• Initiate outbound calls to warranty providers, insurance companies, and dealerships ensuring we have information required to proceed with warranty cancellations and total loss claims.
• Respond to incoming phone calls from customers on a daily basis, ensuring their questions surrounding warranty refunds are answered.
• Work closely with the offshore team responsible for preparation of our warranty cancellations to address questions and/or contract discrepancies.
• Monitor warranty cancellation request queue in external vendor system ensuring refund quotes are within required timeframe, are accurate and follow refund regulations.
• Use internal control reporting to process expense refunds to customers that are the Bank’s responsibility to refund.
• Compile and submit check requests daily to customers owed a refund with no remaining loan balances.
• Review cancellation transmission data to ensure all cancellations are reaching providers and dealers, updating any contact profiles to correct contact information.
• Work in our case management system to resolve mid-level escalations and special requests across all disciplines.
• Research and provide follow-up to escalated issues.
• Manage the warranty refund check workbooks for those unable to be processed.
• Responsible for reaching out to warranty providers and dealerships to get customer information to resolve the refund issue.
• Complete daily Total Loss worklists to keep claims progressing.
• Receive, document, and follow up with consumers, repair facilities, and insurance companies regarding repair checks requiring the bank’s endorsement for processing.
• Use daily worklists to gather documents, file, and follow up on GAP claims for customers eligible.
• Attend all meetings with business partners, notate discussions taking place, and distribute meeting notes to attendees after the meeting.
• 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.

Managerial Responsibilities

No supervisory responsibilities.

Education and Experience Required

• High School diploma or equivalent (GED) and a minimum of 2 years' general work experience.
• Experience in the use of Personal Computers including word processing, spreadsheet, presentation, and industry-specific software.

Education and Experience Preferred

• Associate's Degree

Compensation

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $18.68 - $31.14 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Buffalo, New York, United States of America

Company Culture

Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. 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. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more.

Equal Employment Opportunity

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws.