Chief Financial Officer

Chief Financial Officer - M&T Realty Capital Corp

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Chief Financial Officer - M&T Realty Capital Corp

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M&T Realty Capital Corporation is a wholly-owned subsidiary of M&T Bank. As a full-service mortgage banking company, we specialize in providing competitive financing nationwide for commercial real estate.
Overview:
Incumbent serves as the Chief Financial Officer of M&T Realty Capital Corporation (M&TRCC), a subsidiary of M&T Bank, directly performing or overseeing the performance of all key financial accounting and reporting, loan accounting, investor reporting, technical support, and business-related functions for M&TRCC and its related business line. The incumbent manages the staff and activities of the M&TRCC Finance and Accounting department.
Primary Responsibilities:

• Oversee all M&TRCC Finance and Accounting department staff, exercising all of the usual authority of a senior division manager with respect to staffing, performance appraisals, promotions, salary recommendations, and terminations. Coach and develop subordinate managers and other staff members, ensuring that they receive all necessary training to do their respective jobs successfully.
• Provide direct support to the CEO, President and COO of M&TRCC by: managing all of the financial affairs of the company; developing and overseeing detailed annual budgets and forecasts for M&TRCC; and assisting in the development and implementation of M&TRCC’s annual business goals.
• Track and provide timely reports on M&TRCC’s financial performance, keeping Finance and senior management at all levels of M&TRCC and the rest of the Bank (including the Executive Committee and M&TRCC’s Board of Directors) aware of all pertinent developments, positive or negative.
• Responsible for the oversight of M&T RCC legal entity reporting, Audited Financial Statements and all Agency and HUD reporting. In addition, responsible for the financial oversite of the division’s internal financial SBU Reporting and analysis.
• Work with other senior M&T managers, including the M&TRCC CEO and President to identify emerging issues and model business line opportunities, including those relating to revenue enhancement, cost control, and/or standardization. Contribute to the resolution of complex problems within M&TRCC and across the Bank.
• Initiate and provide oversight for new projects within M&TRCC or across the Bank when issues or opportunities arise. Build consensus within M&TRCC and across the Bank on important issues.
• Responsible for the Annual Incentive Plan development, approval process and payout process.
  

Scope of Responsibilities:

• The incumbent serves as the Chief Financial Officer of M&TRCC, providing direct and continuous support to the company COO and CEO. The incumbent is a key member of M&TRCC senior management team. The incumbent’s contributions are considered critical to the successful management of the company’s business, which entails the servicing of a $33 billion commercial loan servicing portfolio (average loan size over $19 million), the annual production of $5 billion in new business, $190 million in revenue and over $60 million in annual pre-tax income.
• The incumbent has frequent direct contact with all levels of M&T senior management, including the M&TRCC Board of Directors and Executive Committee level.
• The incumbent serves as M&TRCC’s primary liaison internally with Finance, and externally with Fannie Mae, Freddie Mac, and GNMA, on all matters relating to M&TRCC’s financial condition and performance. As such, the incumbent must maintain strong working relationships with M&T’s Finance Department, Fannie Mae, Freddie Mac, and GNMA.
• From time to time, at the direction of Executive level senior management, the incumbent assists other business areas of the Bank by providing valuable financial analysis and other related support to assist such areas with their financial management projects or issues.
• The incumbent manages a staff of twelve employees, most of who are at the Vice President or Senior Vice President level. The incumbent staff members handle all of M&TRCC’s financial results, commercial loan accounting activities, investor reporting activities, and technical support activities. They are directly responsible for controlling all of the company’s financial affairs, including accounting for all fund collections and disbursements relating to the company’s commercial mortgage banking business.
• Provide counsel to and produce ad hoc business analysis and modeling to assist the CEO with business opportunities and proposals while outlining and understanding downstream impact of new initiatives and opportunities.
  

Supervisory/ Managerial Responsibilities:
Incumbent managers a staff of twelve employees, consisting of three direct reports (one Vice President and two Senior Vice Presidents).
Education and Experience Required:
Master’s degree in Finance, Accounting, Business Administration or related field
CPA designation
Minimum of ten years of relevant work experience in the Financial Services industry is required.
Minimum Of Seven Years Of Management Experience
Proven management and leadership skills.
Strong analytical skills with the ability to model various business line opportunities.
Good PC skills and proven ability to work effectively with Excel spreadsheets and other departmental software. Strong knowledge of Banking/Financial Services financial information systems and Commercial Loan Accounting and Servicing systems.
Thorough knowledge of generally accepted accounting principles related to the Business and the ability to grasp Bank’s financial accounting and control policies.
Excellent oral and written communication skills, with a highly developed ability to communicate complex financial information effectively to all levels of M&T senior management.
Strong interpersonal skills and demonstrated ability to work effectively in partnership with Finance and other areas of the Bank.
The ability to grasp the policies, products, and services of M&TRCC and the Bank.
Education and Experience Preferred:
Commercial Or Residential Mortgage Banking Experience Is Highly Preferred
Why Choose MTRCC:
We are 1 of 5 US-based lenders offering Fannie Mae, Freddie Mac, FHA, bridge loans, life company, debt funds and other capital source relationships
Our parent company, M&T Bank, is one of the largest commercial real estate lenders in the United States. We leverage the power of our balance sheet and other financial services to provide a wide array of resources to fit our clients’ needs.
Approved Fannie Mae DUS and Freddie Mac Optigo lender since 1989
One of the nation’s leading firms providing FHA-insured multifamily mortgages and an approved MAP lender with 30+ years of experience
We offer a competitive Multifamily Bridge Loan Program aimed at providing customers with shorter-term financing solutions as a bridge to closing on an agency or life company execution
Our long-standing relationships with numerous life insurance company investors gives us flexibility during the term of a loan
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $154,683.15 - $257,805.26 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
Location:
Baltimore, Maryland, United States of America

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking, Financial Services, and Investment Banking

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