Financial Institutes Senior Associate (Commercial Credit)

Location: Hybrid position in New York, NY, with other locations available within the U.S. footprint, including Boston, Baltimore, Buffalo, and Rockville.

Salary: $142,100–$236,800 annual USD.

Company

M&T Bank provides commercial banking and credit services, including financial institution group lending and portfolio management.

What you will do

• Execute transactions and manage commercial credit portfolios, partnering with senior team members on complex and syndicated finance transactions.
• Underwrite new credit requests and material modifications from deal screening through approval and throughout the life of each loan.
• Monitor portfolios through annual reviews, interim updates, covenant monitoring, problem-loan management, early-warning indicators, and other credit surveillance activities.
• Analyze financial statements, tax returns, due diligence, credit bureau data, appraisals, industry research, peer data, and internal credit information.
• Prepare financial models, cash-flow analyses, collateral schedules, covenant sensitivity calculations, guarantor analyses, risk ratings, and credit recommendations.
• Partner with relationship managers, attend client and prospect calls, present analysis to credit committees, support transaction structuring, and identify issues requiring escalation.

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or a related field and 5 years of experience in commercial credit, public accounting, financial statement preparation and analysis, or other financial analysis. In lieu of a degree, 9 years of combined higher education and work experience, including 5 years in the specified experience areas, is required.
• Significant experience with large corporate financial institutions or counterparty credit underwriting and analysis.
• Expertise in insurance, especially statutory accounting, is preferred in the source requirements.
• Strong analytical skills, including financial modeling, credit metrics, financial ratios, data analysis, and trend analysis.
• Emerging proficiency in understanding and negotiating legal documentation, structural analysis, and independently structuring transactions.
• Excellent verbal and written communication, critical thinking, problem-solving, attention to detail, and accuracy.
• Ability to work independently and as part of a team, with strong organization and time management skills.
• Customer focus with strong interpersonal and relationship-building skills.
• Proficiency in Microsoft Office.

Nice to have

• Exposure to MSRs, BDCs, broker-dealers, and asset managers.
• Experience with Capital IQ, FactSet, and Bloomberg.

Culture & Benefits

• Full-time employment in a hybrid work arrangement.
• Work includes customer interaction and collaboration with relationship managers and internal credit personnel across the bank’s footprint.
• Opportunity to provide input into the development and training of junior or newly hired analysts.
• Responsibilities include adherence to risk, regulatory, internal control, audit, and credit policy standards.