Repo Coordinator II

M&T Bank Corporation; Northern, New York (KY, NY); Hybrid; USD 29,000 - 47,000; Full time

Benefits offered by this job

Hybrid schedule

Travel up to 10%

Job summary

M&T Bank Corporation in Getzville, NY is seeking a Repo Coordinator II to help mitigate losses by coordinating the repossession of delinquent collateralized loans.

You will work with in-house collections, external agents, attorneys, and law enforcement to recover collateral, and may travel up to 10%.

Qualifications

• Minimum 3 years of higher education and/or relevant work experience.
• Bachelor's degree preferred.
• Ability to travel up to 10% of the time.
• Experience in collections or repossession is a plus.

Responsibilities

• Receive referrals from in-house Collections departments at ~85 days past due.
• Coordinate repossession and transportation with external agents.
• Provide agents with complete information to recover collateral.
• Interact with collectors, vendors, attorneys, and law enforcement.
• Research collateral value to assist the Remarketing Team.
• Perform skip-tracing to locate collateral after failed attempts.
• Contact customers to coordinate payments or surrender.
• Negotiate settlements with lien holders, impound lots, marinas, dealerships.
• Participate in audits of vendor sites.

Skills

Repossession coordination

Skip-tracing

Negotiation

Communication

Travel coordination

Education

Bachelor’s degree

Tools

M&T Bank systems

Job description

## Repo Coordinator IIApply: Hybrid Position: Getzville, NY: Full time: Posted Yesterday: R90335# 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:* Receive referrals from in-house Collections departments, typically at the 85 day past due point, or by way of voluntary repossessions.* Coordinate the repossession and transportation of collateral with dedicated list of external repossession agents.* Ensure repossession agents are provided with all necessary and accurate information to successfully recover collateral.* Interact with in-house collectors, external vendors, attorneys and law enforcement to ensure successful recovery of collateral.* Research value of collateral in order to provide information to Remarketing Team to determine the cost and benefit of repossession activity.* 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.* Perform collections activities as needed.* Negotiate settlements with mechanic’s lien holders, impound lots, marinas, dealerships, etc.* Participate in Audits at vendor sites as requested by management.* Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.* 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.* Promote an environment that supports belonging and reflects the M&T Bank brand.* 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.