What are the responsibilities and job description for the Credit Development Associate 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- stand for something!
- Competitive Compensation & Incentive
- Hybrid work model – flexible work arrangements available 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
- On-site Fitness Center and Cafe
- ECO transportation pass provided to every Denver associate
Job Description
CoBank’s Credit Advancement Program (“CAP”) perform credit support and analysis functions in a rotational capacity through various functional and banking groups at CoBank in order to gain a broad understanding of the Bank’s customer base and credit underwriting role. Rotational assignments provide on-the-job credit experience with CoBank’s various Agribusiness and Rural Utility Banking Groups. Each rotation offers the opportunity to train with and support the various CoBank credit and relationship management teams.
In addition to on-the-job training, Credit Development Associates complete curriculum to support their development throughout the 24-month training period. Associates who successfully complete the program are well versed in the credit analysis role and on their way to a credit career with CoBank. Position would start January/February 2022.
Essential Duties and Responsibilities
As a CAP Associate, expectations and duties include but are not limited to:
- Analyzes and processes audits, financial statements, and other borrower reporting including new, complex, and syndicated loans. Assists team with internal and external auditing functions and findings, as necessary.
- Monitors financial statements and borrower reports for compliance with terms and conditions of loan agreements.
- Prepares and underwrites credit reports as assigned, consulting with Relationship Managers, Credit Managers, and other credit personnel as needed.
- Conducts progressive credit analysis, including but not limited to credit administration and risk analysis in specifically assigned areas. Analyzes, reports, and makes recommendations related to credit decisions for CoBank borrowers and assists in identifying specific or general areas of concern.
- Develops knowledge base and understanding of bank guidelines, policies, and procedures for presentation of credit information.
- Reviews overall profitability and credit quality of a loan portfolio. Recommends credit decisions as appropriate.
- Assists in developing and implementing marketing and account servicing plans to capitalize on marketing opportunities within designated industries.
Basic Qualifications
- Bachelor’s degree in relevant business-related discipline
Preferred Qualifications
- Experience in accounting/finance classes in undergraduate curriculum.
- Experience or education creating, modeling and/or analyzing management, finance, operations, marketing, or other relevant concepts in a business environment preferred.
- Experience managing multiple priorities and working both independently and as part of a team.
- Aptitude for financial analysis.
- Strong customer focus, detail orientation, and time management skills.
- Ability to build and maintain effective working relationships with all levels of management and staff.
- Excellent verbal and written communication, presentation and interpersonal skills.
- Knowledge of Microsoft Office applications (Outlook, Word and Excel) and other business software.
- Some travel or temporary relocation may be required.
Compensation Information
- Estimated Base Salary Range: $50,800 - $55,000
- Target short-term incentive opportunity: 6%
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.
Salary : $50,800 - $55,000
