Collateral Analyst

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 doing work that matters. In order to be the best, we hire the best!

Remarkable Benefits offered by CoBank

• Competitive Compensation & Incentive
• Hybrid work model - flexible work 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 an 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 Cafe
• ECO transportation pass provided to every Denver associate

Job Description

At CoBank, the Collateral Analyst 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 Duties and Responsibilities:

• Actively participates in group activities, assuming responsibility for projects, reports, or answering questions where appropriate and when managers are unavailable.
• Collect sales and enter them into the central database monthly.
• 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.
• Assists in preparing BBR for analysis and data trend reporting.
• 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.
• 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.
• Assists with internal research and analysis, provides statistical reports, and verifies information. Prepares and delivers presentations on topics as assigned.
• Develops and utilizes computerized spreadsheets, programs, and other automated tools for credit analysis, special projects, or presentations.
• Maintains expertise in assigned industries or market sectors. Keeps abreast of industry trends and competitive environment.
• Communicates technical details in both verbal and written forms. Maintains positive customer relationships via positive interaction.
• 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

Work Experience

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

Compensation Information

• Estimated Base Salary Range: $57,000-$82,000
• Short Term Incentive Bonus: 10%

About CoBank

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.

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;

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