Overview:          

Credit Manager will be responsible for credit review and oversight at the screening stage of multifamily (conventional and affordable) and/or healthcare transactions under the Fannie Mae, Freddie Mac or balance sheet/bridge loans.  Credit Manager will serve as mentors to junior analysts and/or Underwriter Trainee staff.  Credit Managers are responsible for reviewing transactions that are screened by all staff levels and for being a mentor for issues that may arise during or after the screening process. Credit Managers will help to facilitate first line credit approval prior to issuance of Term Sheet or Application. Credit Managers are responsible for reviewing all aspects of the transaction being submitted for approval, helping to structure transactions as applicable, and for approving transactions as delegated.  Position requires high level of detail and desire/ability to serve as mentor to others on the team.  An established relationship with Agency lending partners is necessary.   For Bridge loans, the Credit Manager represents first line credit in the approval process.  

Primary Responsibilities:

• Analyze and review the multifamily screening analysis ensuring loans are structured and underwritten in accordance with appropriate investor guidelines.
• Responsible for accurate loan sizing and overall risk assessment prior to application utilizing specific investor underwriting guidelines and requirements.
• Work with Originators and prospective borrowers to obtain critical property, management, and borrower details for each transaction.
• Credit Manager is consulted by the Screening Group to help review subordinate debt documents and regulatory agreements in accordance to the program requirements.  
• Work with originators to determine most appropriate deal structure for transactions and resolve outstanding issues.
• Interact with respective Investor Representatives (Fannie Mae, Freddie Mac, Life, HUD, etc) regarding loan transaction terms and waivers.
• Inspect property in accordance with Investor guidelines (travel required-national).
• Obtain and review all third party reports associated with each transaction as required by specific investor.
• Review and assess the completion of the pre-screen narrative/committee package.
• Work closely with the processing team to monitor the status of the submission and communicate with the deal team and customer to ensure transactions are submitted in a timely manner. 
• Review of pre-screen memos, term sheets, and indicative terms.
• Facilitate the handoff to underwriting and be available as a resource to bridge the gap from screening to underwriting.
• Stay current new or revised legislation and regulations that may impact established policies.
• Willingness to become subject matter expert on topics and share knowledge to group
• Credit Manager provides feedback with structuring transactions and feedback on viability of approval.  
• 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.

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Scope of Responsibilities:

Credit Managers are required to use analytical skills to review screening packages including rent roll, operating statements, financial statements, third party reports (real estate appraisals, market studies, physical needs reports and environmental reports) to make credit judgments and provide guidance on the preparation of the required application submissions to the appropriate agency.

Position requires a high level of detail and desire/ability to serve as mentor to others on the team, as experience is gained.  

Supervisory/Managerial Responsibilities:

Direct management of analysts may be required. Indirect management/mentor of other team members assigned to the transaction is required.

Education and Experience Required:

Bachelor’s degree and a minimum of 9 years’ related experience inclusive of 2 years' leadership experience, OR in lieu of a degree,
A combined minimum of 12 years’ higher education and/or related work experience inclusive of 2 years' leadership experience.

Prior Leadership experience
Strong knowledge of Microsoft Office systems including Outlook, Excel, Word, etc.
Strong interpersonal skills with the ability to interact with all levels of personnel and customer base. Affordable: Experience with taxable, tax-exempt and preservation product types.
Excellent verbal and written communication skills.
Strong analytical and problem solving skills to identify issues early that may impact a transaction and come up with solutions to mitigate, if possible, transaction issues.
Good organizational skills--ability to multi-task plus compile and review information in a timely and organized matter.
Detail oriented, particularly with numbers. Ability to function independently and meet deadlines

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $148,300.00 - $247,100.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

Location:

Clanton, Alabama, United States of America