Full-Time
Operational Accounting Associate IV
Posted on 1/15/2025
M&T Bank
10,001+ employees
Full-service banking for individuals and businesses
Compensation Overview
$20.94 - $34.91Hourly
Mid
Cheektowaga, NY, USA
- Bachelor’s Degree in financial field
- 4 years of relevant work experience in lieu of a higher education degree
- Timely and accurate reconciliation / reporting of assigned portfolio activity to Finance / Audit / SOX to ensure accurate Financial Statements in accordance with GAAP.
- Gather and research data to prepare routine accounting reports including daily, weekly and/or monthly departmental reporting assignments.
- Perform problem resolution around more complex issues and assist in formulating solutions.
- Perform research to resolve aged items and system outages on reconciliations escalate as necessary.
- Communicate with internal cross-functional areas, business partners and investors to assist in resolution of routine inquiries/issues.
- Provide input regarding updates to procedures due to changes in process or accounting requirements.
- Participate in responsibilities associated with new business initiatives under Manager’s direction.
- Mentors and trains less experienced staff on routine task and questions
- Adhere to established policies, procedures and limits focusing on observable breaches in Corporate Risk policies.
- Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
- Promote an environment that supports diversity 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.
M&T Bank provides a variety of banking services to individuals, small businesses, and larger enterprises. Its offerings include mortgage assistance programs, personal and business checking accounts, and mobile banking solutions. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a customer-focused approach. M&T Bank's business model is based on traditional banking services such as loans, deposits, and investment products, generating revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded its services and market presence.
Company Stage
IPO
Total Funding
N/A
Headquarters
Buffalo, New York
Founded
1993
Simplify's Take
What believers are saying
- M&T Bank's $1.5 billion senior notes offering strengthens its financial position.
- Decreased prime rate may attract more borrowers, increasing loan volume.
- Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.
What critics are saying
- Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.
- Integration challenges from the United Bank merger may disrupt operations.
- Decreased prime rate could reduce interest income, impacting profitability.
What makes M&T Bank unique
- M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.
- The bank offers a wide range of traditional and digital banking services.
- Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.
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Benefits
401(k) Company Match
401(k) Retirement Plan
Flexible Work Hours
Hybrid Work Options
Paid Vacation
Paid Holidays
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account