Collateral Analyst

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. Stand for something!
• 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 diversity and inclusion
• Recognize a fellow associate through our GEM awards

Position is open to all CoBank banking center locations 

Job Description

Perform a cross section of collateral management functions including appraisal, collateral audit and borrowing base audit. A general goal of the collateral analyst is to train to become proficient in the duties assigned to provide support to the collateral management function. Read and summarize internal appraisal reports for direct loans for review by the director of appraisal. Provide assistance in entering the scope for appraisal quality reviews, enter sales into the sales database and make updates to the ROV as needed. Analyze and perform periodic borrowing base reconcilements to ensure accuracy of submitted reports. Coordinates scheduling of on-site collateral audits with CoBank associates and third-party vendors, as required. Provide assistance of in office or off-site collateral audit tasks as requested.

Essential Functions

1. Actively participates in group activities, assuming responsibility for projects, reports, or answering questions where appropriate and when managers are unavailable. 2. Collect sales and enter them into the central database monthly. 3. Conducts periodic (monthly) reconcilements of borrowing base reports (BBRs) within their portfolio to ensure their accuracy. Reconciles submitted BBRs, interim financial information, detailed general ledger account information, and grain related accounting information. 4. Assists in preparing BBR for analysis and data trend reporting. 5. Interact with bank customers, Relationship Managers (RMs) and Credit Analysts (CA) to solicit financial and other information to facilitate reconciling process. Assist in training of bank customers and CoBank associates in preparation of borrowing base reports. 6. Coordinates group reporting requirements with other banking groups, divisions, and departments as necessary. Prepares regular and special reports for management and the board as required. 7. Assists with internal research and analysis, provides statistical reports, and verifies information. Prepares and delivers presentations on topics as assigned. 8. Develops and utilizes computerized spreadsheets, programs, and other automated tools for credit analysis, special projects, or presentations. 9. Maintains expertise in assigned industries or market sectors. Keeps abreast of industry trends and competitive environment. 10. Communicates technical details in both verbal and written forms. Maintains positive customer relationships via positive interaction. 11. Completes analysis of the portfolio using data analytics tools.

Education

• Bachelor's Degree in accounting, finance, business, technology, real estate, information systems or other relevant discipline required

Work Experience

• 1 year relevant experience, real estate, accounting, collateral banking or collateral administration, preferably in banking or the financial services industry required
• Aptitude for financial analysis
• Experience or education creating, modeling and/or analyzing management, finance, operations, marketing, or other relevant concepts in a business environment preferred
• Education in accounting and/or finance courses, and experience with auditing principles, appraisal or collateral and best practices preferred

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.

Travel Requirement Details

Occasional Travel occurs infrequently (typically, once a month or less).

About CoBank

The typical base pay range for this role is between $61,300 - $70,100. 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 : $61,300 - $70,100