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

Job Description

At CoBank, our Vice President, Credit – Leasing manages and directs Farm Credit Leasing's credit approval process, develops and monitors policy guidelines and processes, collections, asset management including residuals review and equipment remarketing, risk management, and special asset functions. Coordinates activities with CoBank's credit approvals and risk management groups to ensure consistency in Farm Credit Leasing's approach to the extension of credit and management of risk. Participates in Farm Credit Leasing (FCL) management, including the development and execution of strategic and operating objectives and plans.

Essential Duties and Responsibilities:

• Enforces, maintains, and administers a sound, consistent set of underwriting policies, standards, and guidelines, and establishes/maintains general credit philosophy to be utilized in sales and underwriting functions across the organization.
• Manages day-to-day scheduling and coordination of credit activities, recommends delegation and approval authorities, ensuring appropriate procedures and documentation of credit actions, and makes recommendations for administrative actions and timely credit approvals.
• Maintains and recommends changes as needed to leasing and related policies and directives, including presentation to the Board for approval.
• Monitors and manages the scorecard system used for approval of transactions below a specified dollar limit to ensure uniform credit quality in the small ticket portion of the portfolio.
• Observes and tracks peer development of relevant new techniques and systems in the leasing industry to establish and maintain best industry practices.
• Manages FCL’s special asset and collection functions, including approvals of specific actions, plans, and strategies for resolution of problem situations and executes as appropriate.
• Serves on committees and management groups as assigned.
• Coordinates and manages the FCA, asset review, internal and external audit relationships and examinations and responds to requests in a timely manner.
• Supervises staff. Sets performance standards, manages workflow, grants authorities, evaluates performance, and recommends personnel actions within delegated authorities. Consults with Human Resources as appropriate.

Basic Qualifications

• Minimum of Bachelor’s degree
• 10 years of relevant experience in financial services industry operations, preferably in a large corporate loan servicing environment.

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.