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
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 Cafe
ECO transportation pass provided to every Denver associate
Job Description
At CoBank, our Loan Servicing Specialist IV is responsible for the 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.
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.
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.
Other duties as assigned.
Basic Qualifications
High School diploma or equivalent.
Five (5) 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.
Ability to solve problems, and identify when to escalate issues.
Ability to interact with and engage others appropriately at all levels in the organization.
Ability to work independently as well as collaboratively in a team environment.
Strong organizational and time management skills.
Excellent detail and customer service orientation.
Strong 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: $57,600-$75,000
Target short-term incentive opportunity: 9%
About CoBank
CoBank stands strong as a $135 billion 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.
