Lease Servicing Specialist III

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 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
• 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

Job Description

Performs end to end deal management activities for lease transactions. Responsible for task prioritization, quality assurance, documentation, funding and booking, and maintenance activities. Works in a team environment and collaborates with other internal teams including operations, asset management, credit, accounts payable and tax to ensure that lease origination commitments are fulfilled. Provides periodic status to Lease Operations leadership and other internal departments. Assists supervisor with process documentation, training and continuous improvement activities.

Essential Duties & Responsibilities

• Coordinates with leasing customers and partners to collect credit conditions required to prepare lease documents. Validates conditions meet requirements.
• Prepares and sends lease contract documents to leasing customers and partners in accordance with FCL policy and procedure, ensures completeness and accuracy over lease agreements
• Completes booking activities to meet internal, partner and customer commitments. Performs booking functions to active lease contracts in the lease accounting system. Performs validation steps over contract documents and system attributes to ensure the completeness and accuracy of manually keyed attributes to the lease accounting system.
• Obtains additional approval from LDS leadership for payment requests outside of authority.Completes funding activities for assigned accounts to meet internal, partner and customer commitments. Performs appropriate due diligence according to FCL policies and prepares vendor payment requests within authority limits. Obtains additional approval from leadership for payment requests outside of authority.
• Performs maintenance activities in support of contract modifications, corrections and end of lease decisions over the life of the lease.
• Concentrates efforts on small project transactions and standard structured customers and transactions. Manages a portfolio of transactions across multiple partner segments and/or regions.
• Completes UCC filings within regulatory guidelines and takes appropriate steps to manage recordable legal documents with title companies, state and local jurisdictions.
• Backs up other team members. Performs various activities for other teams in support of work load leveling.
• Performs quality assurance functions. Works with team to ensure that high quality standards are achieved. Identifies opportunities for quality improvements and coordinates with management to implement improvements.
• Communicates activity status to team and leadership. Keeps supervisor informed of work load and escalates issues in a timely manner.
• Actively engages with team contributing to fulfillment of overall partner and customer commitments and issue resolution.
• Participates or leads with supervisor assistance in relationship status calls and participates in on-site visits to assigned accounts to build relationships and improve service.
• Works closely with Relationship Managers, Account Managers, Customers and Lease Partners to provide superior customer service.
• Periodically reviews and updates procedures to align with business practices.
• Actively identifies continuous improvement opportunities and partners with management to implement process and system enhancements. Performs user acceptance testing, updates procedures to support change and support leadership in change management activities.
• Cross-trains in order to assist and back-up other associates. Proficient with all small deal and standard structured servicing relationships.
• Performs other duties as assigned.

Basic Qualifications

• High School Diploma.
• Three (3) or more years of experience, preferably in the leasing industry.

Preferred Qualifications

• Associate’s or bachelor’s degree in finance, business administration or relevant discipline.
• Working knowledge of the Farm Credit System.
• Working knowledge of leasing industry, leasing documentation, tax and closing requirements.
• Strong knowledge of office software applications, Tvalue, CRM, Rapport and LeaseWave.
• Ability to provide mentoring and guidance to lower level associates.
• Ability to accommodate varying work and scheduling requirements in order to meet deadlines
• 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)

Compensation Information

• Estimated Base Salary Range: $55,000-$62,000
• Target short-term incentive opportunity: 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; provided, however that CoBank may provide a reasonable accommodation for an applicant’s known disability or sincerely held religious belief.

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