This role is hybrid with 3 days per week in office and 2 days from home

　　Overview:

　　Administers and processes lease obligations, tenant receivables and real property taxes for Bank’s Corporate Real Estate portfolio. Maintains proper general ledger accounting and ensures compliance with current and future accounting standards. Develops annual budgets and forecasts for all lease and owned properties.

　　Primary Responsibilities:

　　Maintain accounting records for the Corporate Real Estate portfolio. Ensure proper payment and accounting of real estate lease obligations under new regulations. Maintain accurate tenant receivables, collections and delinquency reports.

　　Complete proper and timely payment of real estate property taxes for leased and owned locations while reviewing property assessment changes.

　　Complete lease audits of all landlord invoices through financial analysis and contract reviews to ensure invoices are in compliance with terms and conditions of real estate lease contracts. Follow-up with landlords for any discrepancies resulting in adjustments to invoicing and expense reductions.

　　Prepare monthly general ledger balance sheet reconciliations of the Bank’s real estate lease obligations and future right-of-use assets and lease obligations, tenant receivables and/or write-offs, landlord and tenant security deposits and prepaid rents.

　　Prepare budgets and projections at the property and/or lease level for all lease obligations, tenant income and real estate property taxes.

　　Prepare and file city-specific use and occupancy taxes as required.

　　Maintain accurate procedures and policies supporting activities handled.

　　Assist with financial analysis for potential buyouts of lease obligations.

　　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 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.

　　Scope of Responsibilities:

　　December 2023

　　Leased Properties - 819

　　Owned Properties - 423

　　Tenants - 90

　　Historical annual average cost saves from lease audits - $300,000

　　2021 annual lease obligations - $164.5 MM

　　2021 annual tenant income - $11.5 MM

　　2021 annual real property tax - $30.0 MM

　　Education and Experience Required:

　　Associate's Degree in Accounting or Finance and a minimum of 2 years’ accounting experience,

　　OR in lieu of a degree,

　　A combined minimum of 4 years’ higher education and/or work experience, including a minimum of 2 years’ accounting or finance experience

　　Strong written and verbal communication skills

　　Strong analytical skills

　　Strong decision-making skills

　　Strong time management skills

　　Proficiency with personal computers as well as pertinent spreadsheets, word processing, presentation software

　　Education and Experience Preferred:

　　Bachelor’s Degree in Accounting or Finance

　　Minimum of 2 years’ real estate accounting experience

　　M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $20.94 - $34.91 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

　　Location

　　Buffalo, New York, United States of America

　　M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.