• Job Description

  Req#: 4296

  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 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

  RELOCATION PACKAGE AVAILABLE

  Job Description

  At CoBank the Vice President, Senior Credit Approval provides collaborative leadership to CoBank and Farm Credit Leasing’s credit functions and supports various cross-functional initiatives as required. Reviews credit transactions as assigned and serves as Chair of loan committee and other designated committees as appropriate. Develops credit structuring alternatives which support the bank’s portfolio strategies and overall business objectives, consistent with the bank’s risk-bearing capacity. Assists and supports senior leadership within the Credit Management Group in the formulation and review of underwriting guidelines, lending policies, new business initiatives and portfolio strategies. Monitors and identifies emerging risk trends within the loan portfolio and develops risk solutions to mitigate or manage credit risk. Serves as a mentor and provides support in the development of credit and CAP associates across all banking groups with an emphasis on guiding credit officers in their credit structuring and analysis responsibilities. This position rquires a track record of experience in Leveraged Finance and Project Finance. RELOCATION PACKAGE AVAILABLE.

  Essential Duties and Responsibilities:

  • Senior Approver for Leveraged Finance and Project Finance transactions.
  • Ensures an effective and efficient credit approval process. Fosters a collaborative credit culture with early interaction between Credit Approval and the line to identify core issues and structuring concerns.
  • Reviews all credit actions presented to certain loan committees and chairs loan committee at the group lending level or other delegated committees in accordance with established procedures and regulatory requirements.
  • Demonstrated ability and experience to make independent credit related decisions for the benefit of CoBank, its constituents, and the Farm Credit System.
  • Acts independently in establishing credit practices, developing new portfolio strategies and advancing and supporting new product initiatives that align with the CoBank’s mission. Represents and advocates Credit Approval’s perspective as team lead and primary decision maker on various work projects or cross-functional efforts.
  • Serves as Credit Approval Group subject matter expert on high-risk or unique credit transactions related to relevant industry expertise.
  • Participates in establishment or review of credit policies and procedures, industry specific guidelines, approval authority delegations, and actions involving the bank’s special assets function.
  • Serves as alternate to other approval officers to ensure timely and appropriate review and approval of designated credit transactions.
  • Provides guidance for loan transactions and arrangements to relationship managers and credit officers to improve/maintain structuring, understanding, consistency, customer service, and the overall credit approval process.
  • Participates in planning activities for the division and the group. Contributes to the development of new or improved processes, products and services.
  • Manages the preparation and presentation of written and oral reports on specific loans or loan portfolios to the internal and external auditors, Farm Credit Administration (FCA), the Board Loan Review Committee, and others.
  • Provides leadership and guidance to credit management and credit teams in the development of increased efficiency of ongoing credit administration to better align effort with risk.
  • Facilitates mentoring and development of credit associates across various lending groups with particular emphasis on providing learning/development opportunities to Credit Advancement Program associates.
  • Effectively communicates goals and objectives internally and externally to maintain a high level of customer satisfaction.
  • Establishes and maintains contacts with critical internal and external stakeholders, including trade associations, cooperative councils, universities, governmental organizations, and others who can have a positive impact on the bank’s overall image and operations.
  • May manage staff. Sets performance standards, manages workflow, grants authorities, evaluates performance, and recommends personnel actions within delegated authorities. Consults with Human Resources as appropriate.
  • Provide credit support and perspective to other teams at CoBank. Serve as subject matter expert, as required, on project teams and steering committees.
  • Maintains expertise across all of CoBank’s lending segments and stays apprised of industry trends and the competitive environment.
  • Participates in special projects, and performs other duties as assigned.

  Basic Qualifications

  • Bachelor’s degree in business, finance or a relevant discipline.
  • Fifteen (15) years of financial services experience with a strong background and experience in credit, leveraged lending, project finance, credit approvals.
  • Five (5) years of supervisory/management experience.

  Preferred Qualifications

  • Master’s degree, MBA, and/or CFA designation preferred.
  • Track record of experience in Leveraged Finance and Project Finance.
  • Expert knowledge of credit and financing alternatives and complex financial structuring in a banking environment.
  • Expert knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation.
  • Ability to manage a high work load of complex bank loan financings and effectively prioritize responsibilities and deliverables.
  • Strong attention to detail and customer service orientation.
  • Strong business acumen, analytical, project management and solutions-based problem solving skills.
  • 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, interpersonal and negotiation skills, with the ability to develop and maintain relationships and to communicate effectively to all levels of executives, management, staff, and external stakeholders, partners and customers.
  • Excellent leadership, people management, training and organizational development skills, with a demonstrated ability to motivate in a team-oriented and collaborative work environment, and promote, foster and build a diverse and inclusive workforce.
  • Knowledge of Microsoft Office applications (Word, Excel, PowerPoint, Outlook), and other relevant business applications and systems.

  Compensation Information

  • Estimated Base Salary Range: $190,000-$250,000
  • Target short-term incentive opportunity: 45%

  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 will not consider a work visa H1B, EAD (Employment Authorization Document or Permit) or OPT (Optional Practical Training) for this position. CoBank is an Equal Opportunity Employer. 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.

• About the company

  CoBank's Value Proposition: CoBank is a financially strong, dependable, cooperative bank that provides credit and financial solutions to rural America. We are knowledgeable, responsive and committed to enhancing our capacity to deliver a superior custo...

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