What are the responsibilities and job description for the Closing Specialist I position at CoBank?
Benefits Overview
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.
- Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
- 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
- Robust associate training and development with CoBank University
- Tuition reimbursement for higher education up to $10K
- 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 respect and inclusion
- Recognize a fellow associate through our GEM awards
Job Description
Performs loan transaction analysis and coordinates loan closing tasks for direct internally documented commercial loans for both Regional Agribusiness and Rural Infrastructure portfolios. Proactively manages assigned portfolio to meet constantly changing priorities and deadlines. Interprets internal credit summaries and loan documents to perform closing tasks. Follows up with internal and external stakeholders for collection of pre- and post- closing documentary requirements. Interacts with and supports internal and external customers to ensure high satisfaction level with bank/customer relationships, including entire deal team.
Essential Functions
1. Works closely with internal and external customers (including, but not limited to, relationship managers, credit analysts and attorneys) to respond to customers’ requests, provide status updates and clarify details of the Regional Agribusiness direct, internally documented transactions. 2. Updates all internal systems consistently, timely and accurately. Ensures timeliness and accuracy of transaction checklist, all data entry & data management. 3. Verifies signatures on documents to Resolutions and Incumbencies. 4. Independently, timely and accurately closes loans, facilitates loan funding, processes/maintains documents and prepares/reviews the Boarding sheet to ensure accuracy, validity, and completeness. 5. Ensures that all conditions precedent are complete, that legal checklists are complete in a timely manner as the deal progresses, and that there is appropriate legal oversight of the transaction. 6. Accurately track conditions subsequent (non-collateral related). Continues to monitor the timeliness and accuracy of transaction checklist. 7. Maintains adherence to bank policies, controls, and procedures to ensure consistency and quality and mitigate risk. 8. Identifies potential issues, proactively solves problems, and escalates appropriately, demonstrates good judgement and desire to learn. 9. Becomes proficient as a closer of direct RABG transactions and begins to learn RIBG direct transactions, appropriately taking on more responsibility and progressing toward preparedness for the next level. 10. Takes ownership of pipeline/deals/transactions and assigned banking centers and provides an elevated level of customer service. 11. Other duties as assigned
Education
- High school diploma
- Bachelor's Degree in legal studies, accounting, finance, business and/or paralegal certification
Work Experience
1 year 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.
Physical Exertion Details
Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
About CoBank
The typical base pay range for this role is between $57,200 - $65,500. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.
The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.
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.
REASONABLE ACCOMMODATION
We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing recruiting@cobank.com. Include your contact information and specific details about your requested accommodation.
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 is an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.
Salary : $57,200 - $65,500
