Trade Servicing Specialist II

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

Performs technical transaction processing related to negotiating letters of credit and provides high level of customer service with particular emphasis on processing documents promptly and without exposure to the bank. Facilitates international trade transactions related to Commodity Credit Corporation programs.

Essential Duties and Responsibilities :

• Reviews letters of credit issued by foreign correspondent banks and interprets requirements. Resolves inconsistencies with the issuers, and provides advice to beneficiaries on alternatives. Enters information in the letter of credit system, and provides customer with formal advice.
• Examines commercial documents for accuracy and compliance with letter of credit terms.
• Resolves discrepancies with customers, including offering alternatives for facilitating payments.
• Examines documentation for compliance with government programs and policies, and submits required reports.
• Processes payments under letters of credit and bankers' acceptances.
• Responds to customers’ routine inquiries on technical questions regarding preparation of documents and/or mechanics of government program.
• Initiates advances under International Banking Division loans.
• Accepts, secures, and monitors loan documentation.
• Account Receivable purchasing
• Documentary collections
• Direct loan processing

Basic Qualifications

• High School diploma.
• Two (2) or more years of experience, preferably in the banking or financial services industry; or appropriate combination of education and experience.

Preferred Qualifications

• Intermediate knowledge of letters of credit negotiations, and advanced understanding of the ICC Uniform Customs and Practice for Documentary Credit and International Standard Banking Practice.
• Basic knowledge of principles of accounting.
• Knowledge of USDA exporter programs such as General Sales Manager (GSM) and EXIM banks
• Ability to solve problems, and identify when to escalate issues.
• Demonstrated tact, persuasiveness and interpersonal skills, with the ability to communicate effectively with foreign and domestic customers, borrowers and financial institutions.
• Serves as “Mission Critical Personnel” for business continuity and reduced staffing scenarios.
• Ability to work independently as well as collaboratively in a team environment.
• Excellent organizational skills and detail orientation, with demonstrated ability to multi-task and work effectively under time constraints and changing priorities in order to meet deadlines
• Excellent customer service, verbal and written communication skills, with the ability to interact with and engage others appropriately at all levels in the organization.
• Demonstrated skills in Microsoft Office applications (Outlook, Word and Excel)

Compensation Information

• Estimated Base Salary Range: $57,245.00 - $77,853.20
• Target short-term incentive opportunity: 6%

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.

#LI-A1

Options

Sorry the Share function is not working properly at this moment.