Senior Credit Officer

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

Job Description

At CoBank, Senior Credit Officer develops credit-structuring alternatives for large account transactions. Assists lending or leasing staff with managing the banking relationship with large accounts by providing credit analysis and financial structuring alternatives. Approves credit actions within prescribed credit limits. Provides leadership and guides the work of credit analysts. Adds value to account relationships and supports the achievement of profitability and credit quality goals through interactions with staff and customers.

Essential Duties and Responsibilities :

• Works with lending or leasing staff as appropriate to structure financial proposals to support complex credit arrangements for large accounts. Conceptualizes and formulates financial strategy to accomplish customer's credit needs. Manages resources from various sources. Designs creative and innovative financing packages.
• Assists with negotiations concerning the packaging of credit arrangements. Consults with lending or leasing staff and provides coaching on negotiation strategy, financing approaches, or other specific credit issues.
• Prepares and oversees the preparation of credit analyses and credit investigations to ensure the application of a relevant and thorough approach. Provides direction and guidance to credit analysts on general research issues. Understands and follows bank guidelines, policies, and procedures for the preparation and presentation of credit information.
• Monitors credit quality of accounts to identify emerging trends and ensure ongoing compliance with covenants. Notifies lending, leasing, and/or credit staff of emerging issues as appropriate.
• 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.
• Approves or recommends credits for approval based on research and analysis completed by credit analysts.
• Maintains expertise in assigned industries or market sectors. Keeps abreast of industry trends and competitive environment.
• Other Duties and Responsibilities:
• Provides coaching and consultation on credit analysis, financing techniques, and other matters related to the delivery of credit.
• Develops in depth innovative credit skills.
• Participates in special projects, and performs other duties as assigned.

Basic Qualifications

• Bachelor’s degree in business, finance or relevant discipline
• Eight (8) or more years of credit experience in banking industry; or appropriate combination of education and experience.

Preferred Qualifications

• Advanced knowledge of complex lending, financial structuring and credit arrangements, and bank products.
• Advanced knowledge of credit and financial analysis, including cash flow analysis, balance sheet analysis, profitability, liquidity, and solvency analysis.
• Advanced knowledge of Generally Accepted Accounting Principles (GAAP), taxation, legal forms of organizations, and business law.
• Advanced knowledge of financial modeling techniques and preparation of pro forma financial statements.
• Advanced knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation.
• Advanced ability to perform discounted cash flow analysis, capital budgeting (internal rate of return, net present value, etc.), and equity valuation calculations.
• Knowledge of specific assigned industry, including key risks and long-term issues.
• Ability to use creativity and innovation to address financing issues.
• Ability to consolidate many resources to complete the "deal."
• Ability to work independently with minimal guidance, as well as collaboratively in a team environment.
• Demonstrated problem solving skills.
• Excellent detail and customer service orientation.
• Excellent interpersonal skills with the ability to work collaboratively, build, and maintain effective working relationships with all levels of associates, management, and internal customers across the bank.
• Excellent organizational and time management skills, with the ability to deliver commitments while juggling multiple projects and priorities. Ability to work effectively under deadline pressures, and adjust quickly and effectively to changing priorities.
• Excellent verbal and written communication. Excellent active listening skills.
• Knowledge of Microsoft Office applications (Outlook, Word, PowerPoint, Excel, Access).
• Availability for occasional work outside normal business hours.
• Availability for occasional travel.

Compensation Information

• Estimated Base Salary Range: $95,000-$140,000
• Target short-term incentive opportunity: 15%

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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