Vice President, Credit Approval

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!

Remarkable Benefits Offered by CoBank

• Careers with a purpose
• Time-Off Packages, 20 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 per year
• 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 respect and inclusion
• Recognize a fellow associate through our GEM awards

Job Description

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.

Essential Functions

• 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.
• 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.
• Provide credit support and perspective to other teams at CoBank. Serve as subject matter expert, as required, on project teams and steering committees.
• Maintains or develops expertise across CoBank’s lending segments and stays apprised of industry trends and the competitive environment.
• Participates in special projects, and performs other duties as assigned.

Education

• Bachelor's Degree required

Work Experience

• 10 years of financial services experience with a strong background and experience in credit 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 $174,500 - $214,660. 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.