Collections Specialist III

M&T Bank is a financial institution seeking a Collections Specialist III to manage complex accounts in areas such as foreclosure and bankruptcy. The role involves initiating contact with borrowers and attorneys, investigating accounts, and ensuring compliance with operational risk controls. Responsibilities Initiate contact with consumer borrowers that are in the mid to late stages of delinquency; assess the prospect of repayment, and arranging repayment schedules or other solutions such as: Loan Workout, Alternative Lending, Consumer Credit Counseling Services, Reages, or Extensions Initiate contact with customers’ attorneys and Bankruptcy trustees Investigate and conduct skip tracing as required Submit recommendations for account placement with third party collection agencies, attorneys, brokers, and property preservation firms Initiate direct contact with borrowers (consumer, mortgage, deposit overdraft, business banking), assessing the prospect of repayment, arranging repayment schedules or other solutions Contact business partners and vendors to ensure services provided are meeting predetermined service level agreements Participate in loss prevention by employing advanced strategies that provide adequate protection for M&T with respect to its interest in the collateral securing the loan, while maximizing the cost containment opportunities Review collateral condition and establish asset value. Negotiate sale with prospective buyers and conclude sales transaction with limited oversight Develop an understanding of the business and its functions, processes and operations Keep abreast of business and market trends that may affect business department 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 Skills A combined minimum of 3 years' higher education and/or work experience including a minimum of 1 year experience in customer service, customer-facing, collections, call center or sales Experience with word processing, spreadsheet and presentation software Detail oriented Strong verbal and written communication skills Knowledge of M&T Bank systems Company Overview Great companies have an enduring sense of purpose. It was founded in 1856, and is headquartered in Buffalo, New York, US, with a workforce of 10001+ employees. Its website is Company H1B Sponsorship M&T Bank has a track record of offering H1B sponsorships, with 116 in 2025, 113 in 2024, 84 in 2023, 103 in 2022, 42 in 2021. Please note that this does not guarantee sponsorship for this specific role.