Lease Servicing Specialist IV - 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!
• Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
• 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
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to 10K
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution
• 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 through our GEM awards

 

Job Description:

Performs end to end deal management activities for lease transactions. Responsible for task prioritization, quality assurance, documentation, funding and booking and maintenance activites. Works in a team environment and collaborates with other internal departments 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 mentoring, process documentation, training and continuous improvement activities.

Essential Functions:

1. Coordinates with leasing customers and partners to collect credit conditions required to prepare lease documents. Validates conditions meet requirements.
2. 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
3. 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.
4. 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 LDS leadership for payment requests outside of authority.
5. Concentrates efforts on larger more complex project transactions, interim financing, and standard structured transactions.
6. Completes UCC filings within regulatory guidelinesand takes appropriate steps to manage recordable legal documents with title companies, state and local jurisdictions.
7. Backs up other team members. Performs various activities for other teams in support of work load leveling.
8. Performs quality assurance functions. Works with team to ensure that high quality standards are achieved. Identifies opportunities for quality improvement, leads and coordinates efforts to improve processes and controls, mentors teamand provides ongoing feedback to management. .
9. Communicates activity status to team and leadership. Keeps supervisor informed of work load and closing issues.
10. Actively engages with LDS team contributing to fulfillment of overall partner and customer commitments, escalatesissues in a timely manner, facilities issueresolution and communicates remediation status and impact to stakeholders and leaders.
11. Leads relationship status calls and participates in on-site visits to assigned accounts to build relationships and improve service.
12. Works closely with Relationship Managers, Account Managers, Customers and Lease Partners to provide superior customer service.
13. Assists management with overall procedure management, assigns and monitors progress of procedures to be updated, periodically reviews and updates procedures, and provides peer review over procedure updates to align with business practices.
14. Actively identifies continuous improvement opportunities and partners with management to implement process and system enhancements. Participates in requirements gathering, defines user stories, performs user acceptance testing, updates procedures to support change and support leadership in change management activities.
15. Assists leadership with mentoring, training and continuous improvement opportunities.
16. Cross-trains in order to assist and back-up other associates. Proficient with all larger, more complex servicing relationships.
17. Performs other duties as assigned.

Education:

• High school diploma or GED required

Work Experience:

5 years of experience, preferably in the leasing industry. required

Physical Exertion Details:

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details:

Occasional Travel occurs infrequently (typically, once a month or less).

About CoBank:

The typical base pay range for this role is between $63,631 - $80,286. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.

 

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.

 

REASONABLE ACCOMMODATION

We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing recruiting@cobank.com. Include your contact information and specific details about your requested accommodation.

 

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

 

CoBank is an Equal Opportunity Employer.

 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.