Job description
A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. When you choose a career with CoBank, you make a difference by standing for something that matters. In order to be the best, we hire the best!
Remarkable Benefits offered by CoBank
- Careers with a purpose- stand for something!
- Competitive Compensation & Incentive
- Hybrid work model – flexible arrangements for most positions
- Benefits Packages, including: Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
- CoBank University robust curriculum –associate training and development, including higher education tuition reimbursement
- Outstanding 401k – up to 6% matching and additional 3% non-elective contribution
- Time-Off Packages – Vacation 15+ days, 10 Paid Sick Days, and 10 Paid Holidays
- Community Impact – United Way Angel Day, Volunteer Day and Associate Directed Contribution
- Associate Resource Groups – creating a culture of diversity and inclusion
- Recognize a fellow associate with “GEM” awards, including a monetary value
Essential Duties and Responsibilities
- Works closely with internal and external customers, including but not limited to relationship managers (RM), credit analysts, treasury, customer derivatives, trade services, loan administration, capital markets, collateral, lenders, CoBank responsible attorney and outside counsel, to respond to customers’ requests, provide status updates and clarify details of the transaction.
- Reviews and interprets non-standard, syndicated, participation and third party agreements to close the transaction as documented.
- Prepares a Boarding Sheet in Salesforce to enable loan administration to properly book transactions on the core (ACBS) for servicing and accurate reporting to the bank’s regulator.
- Facilitates loan closings for member syndications, bond and note purchases, purchased participations and non-syndicated external transactions. Closes loans within assigned portfolio with guidance as needed on the more complex transactions.
- Ensures that all conditions precedent and key audit controls have been satisfied and completes the necessary legal and closing tasks as the transaction progresses.
- Processes file close outs and updates Salesforce system.
- Creates, maintains and manages vital records to ensure metadata are accurate per guidelines, and ensures internal and external stakeholders receive the right information at the correct time during the closing life cycle. This includes facilitation of signature pages.
- Tracks conditions subsequent (non-collateral related).
- Prepares online banking forms for new customers.
- Maintains adherence to changing bank policies and procedures to ensure consistency and quality.
- Analyzes exception reports and processes any corrections needed.
- Takes ownership of assigned transaction pipeline, meeting daily deadlines.
- Identifies potential issues, and escalates appropriately when unable to solve independently.
- High school diploma. Bachelor’s degree in legal studies, accounting, finance, business and/or paralegal certification is preferred.
- One (1) or more years of experience as legal assistant, paralegal, commercial loan closer, or loan accountant, preferably in commercial banking or financial services industry; or appropriate combination of education and experience.
- Basic knowledge of commercial loan documentation, credit practices, accounting systems and loan structures.
- Knowledge of accounting treatment and correct coding of fee income.
- Ability to manage assigned portfolio to meet constantly changing priorities and deadlines.
- Understanding of loan accounting principles.
- Analytical and decision-making skills, with the ability to solve problems and identify when to escalate issues.
- Demonstrated ability to produce work that is timely, accurate and thorough.
- Ability to interact with and engage others appropriately.
- Demonstrated skills in Microsoft Office applications (Outlook, Word and Excel).
- Ability to work independently with minimal guidance, as well as collaboratively in a team environment.
- Strong organizational and time management skills.
- Excellent detail and customer service orientation.
- Excellent verbal and written communication and interpersonal skills.
- Estimated Base Salary Range: $55,000-$70,000
- Target short-term incentive opportunity: 6%
CoBank stands strong as an enterprise dedicated to the financial needs of rural America. As a national cooperative bank and a proud member of the Farm Credit System it is our mission to serve as a relevant and dependable provider of credit and other value-added financial services. From our headquarters in Denver, Colorado and our regional banking centers across the US, CoBank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states.
CoBank will not sponsor a work visa (e.g. H1B, etc.) to fill this position.
CoBank is an Equal Opportunity Employer.
CoBank requires all newly hired associates to be fully vaccinated against COVID-19, and new hires will be asked to register their proof of vaccination. Any offer of employment will be conditioned upon an applicant supplying proof of vaccination against COVID-19; provided, however that CoBank may provide a reasonable accommodation for an applicant’s known disability or sincerely held religious belief.
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