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 11 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 On-site Fitness Center and Café ECO transportation pass provided to every Denver associate At CoBank, our Loan Servicing Specialist provides high-level servicing and administration of a portfolio of complex syndicated, bilateral, and wholesale loans where CoBank may be the Administrative Agent, a syndicate lender, or a direct lender. Acts as the liaison and operational point of contact for borrowers, syndicate lenders, Farm Credit System partners, and internal CoBank departments. Identifies, analyzes and resolves issues, answers questions, and proactively identifies loan administration challenges and risks to support quality control. Works collaboratively with teammates and stakeholders to facilitate continuous process improvement by leveraging principles of Operational Excellence. Responsible for managing team inbox and coordinating task prioritization and workflow. Provides periodic status to leadership and additional stakeholders. Assists Supervisor / Manager with mentoring, training and continuous improvement activities. Serves as a resource and subject matter expert (SME) for lower level Specialists. Provides training, facilitates cross-team work-flows and provides back-up for Supervisor / Manager.
Essential Duties and Responsibilities Performs all loan servicing and administration activities in expected timeframes and according to documented policies and procedures. Processes payment application, funds disbursement, and rate setting transactions in ACBS and notifies syndicate members and sold participations of transactions. Books new borrowers, credit facilities, loans, letters of credit and fees in loan administration systems. Performs control effectiveness testing and analysis for work performed across all deal types. Completes ongoing customer, credit facility, and loan level maintenance. Reviews, documents, and resolves items appearing on reconciliations and control reports. Supports or leads non-processing tasks, initiatives, and projects. Reads and interprets credit agreements as they relate to loan servicing and administration. Cross trains on other department functions to ensure coverage during absences and periods of peak volume. Monitors team's daily workflow and adjusts workloads as needed. Provides constructive feedback and training on all Loan Administration functions, both behavioral and technical. Serves as technical resource for team providing support and guidance for complex transactions. Acts as positive change agent at the associate level, while demonstrating leadership support. Provides subject matter expertise for their team's deal structure. Serve as "Mission Critical Personnel" for business continuity and reduced staffing scenarios. Performs other duties as assigned. Basic Qualifications High School diploma or equivalent. One (1) or more years of experience, preferably in banking or financial services; or appropriate combination of education and experience. Preferred Qualifications Associate's or Bachelor's degree in accounting, finance, business administration or relevant discipline preferred. In-depth knowledge of loan administration system. Advanced knowledge and experience with syndicated loan servicing as agent and/or investor. Experience providing prompt, accurate service to customers, with the ability to communicate effectively with internal and external customers via telephone, email and in person. Demonstrated professionalism, with the ability to work effectively with a diverse group of people at all levels in the organization. Demonstrated leadership skills, with proven ability to provide mentoring and guidance to lower level associates. Proven ability to work independently with minimal guidance, as well as collaboratively in a team environment. Strong analytical and problem solving skills, and with the ability to identify when to escalate issues. Strong organizational and time management skills, with the ability to prioritize and multi-task. Ability to accommodate varying work and scheduling requirements in order to meet deadlines. Excellent detail and customer service orientation. Excellent verbal and written communication and interpersonal skills. Demonstrated skills in Microsoft Office applications (Outlook, Word and Excel). Availability for occasional work outside normal business hours. Compensation Information Estimated Base Salary Range: $50,000-$55,000 Target short-term incentive opportunity: 10% CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.
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. #LI-BC1
