What are the responsibilities and job description for the Associate Portfolio Manager position at 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. In order to be the best, we hire the best!
Benefits Offered By CoBank
At CoBank, our Associate Portfolio Manager provides relationship management and credit support to primary Relationship Managers, including origination, structuring, execution, and ongoing monitoring of transactions and borrowers. Responsible for working with Relationship Managers and Credit Analysts on associated internal credit, research, and financial modeling functions. Mentors and provides guidance to junior level staff, as appropriate. Supports the achievement of profitability and credit goals for the division through day-to-day management of account relationships.
Essential Functions
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 base pay range for this role is between $90,900 - $111,800. 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.
A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best!
Benefits Offered By CoBank
- Careers with a purpose
- 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
- Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
- Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
- Associate Resource Groups: creating a culture of respect and inclusion
- Recognize a fellow associate through our GEM awards
At CoBank, our Associate Portfolio Manager provides relationship management and credit support to primary Relationship Managers, including origination, structuring, execution, and ongoing monitoring of transactions and borrowers. Responsible for working with Relationship Managers and Credit Analysts on associated internal credit, research, and financial modeling functions. Mentors and provides guidance to junior level staff, as appropriate. Supports the achievement of profitability and credit goals for the division through day-to-day management of account relationships.
Essential Functions
- Collaborates with Relationship Managers on an assigned portfolio of complex power, water, energy, and utility transactions with a mix of new and existing accounts. This includes direct customer communication, as necessary.
- Provides oversight on refinancing of existing borrowers, amendments, consents and waivers, term conversions and provides recommendations to Relationship Managers regarding any credit deviations or concerns.
- Assists Relationship Managers with communication to critical internal stakeholders, including the Division leadership, Credit, Capital Markets, Agency, Loan Closing, Operations, Treasury and Derivative functions.
- Works alongside Credit Analysts to guide the development and analysis of financial data for new or renewed financing arrangements.
- Provides primary drafting of eligibility opinions and internal risk forms as part of the customer due diligence and application process.
- Assists Relationship Managers to develop and implement marketing and account servicing plans for assigned accounts and may support RMs in developing proposals and pitch materials for prospective accounts.
- Handles customer questions and concerns related to billing, documentation, and other inquiries or requests.
- Collaborates with team to meet profitability and credit quality targets for portfolio.
- Prudently services accounts to protect CoBank and minimize losses.
- May conduct compliance monitoring and follow-up on covenant violations, reporting exceptions and collateral and documentation deficiencies.
- Maintains expertise in the various customer segments and keeps up to date on industry trends, technology, regulatory requirements, and government programs.
- Bachelor's Degree required
- 3 years experience in banking and financial services including experience in power, water, energy, or utilities required
- PREFERRED QUALIFICATIONS
- Prior experience in the power and energy market.
- Knowledge of accounting, finance and corporate valuation concepts.
- Knowledge of fundamental commercial lending, loan structuring, financing alternatives, bond markets, collateral concepts and syndicated loan structures.
- Knowledge of technical standards, industry trends, technology and regional/national regulatory requirements.
- Knowledge of competitive environment and practices in customer’s industry.
- Proven ability to analyze credits, contracts, legal documents, technical reports and various deal structures.
- Ability to produce marketing presentations for potential and existing customers.
- Ad-hoc data analysis and spreadsheet modeling skills.
- Ability to produce marketing presentations for potential and existing customers.
- Excellent verbal and written communication and interpersonal skills.
- Availability for occasional work outside normal business hours.
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 base pay range for this role is between $90,900 - $111,800. 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.
Salary : $90,900 - $111,800