Officer, Administrative Agency, Project Finance - Englewood - CoBank

Description

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

• 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 up to $10k per year
• 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

Job Description

This function is accountable for providing specialized agency services in Project Finance for a syndicate of lenders on behalf of Farm Credit System banks and/or commercial banks. Specifically, Administrative Agency administers the loan facilities with the borrower under a credit agreement and depositary agreement. This includes review and execution of monthly or quarterly transfer certificates for borrowers in both construction and operation. This role applies knowledge of lending products and accepted syndication and administration practices in Project Finance.

Essential Functions

• Supports Relationship Managers from an Agency perspective for an assigned portfolio of accounts and new business opportunities as capacity permits. This portfolio is inclusive of complex Project Finance transactions covering primarily renewables and thermal power.
• Reviews draft loan documentation with limited oversight assessing the impact of the legal structure on ongoing Agency processes. Coordinates pre-closing legal documentation changes and revisions with Project Finance deal teams and LLP. Based on legal documentation review, provides clear communication and direction to Collateral Agent and Depositary Agent with respect to changes to the collateral package and/or adherence to the cash flow waterfall that is governed by the Depository Agreement.
• Performs (monthly/quarterly) transfer certificate review, approval and processing with limited oversight. Controls conditions precedent, drawdowns, and repayments of assigned transactions.
• Assists Relationship Managers and Portfolio Managers with Manager's oversight to develop and implement marketing and account servicing plans for assigned accounts and supports RMs in developing Agency proposals for prospective accounts. On an annual basis, review/recommend/calculate Agency fee.
• Perform agent duties that require active communication with internal stakeholders and external customers (borrowers, lenders and participants) on borrowing requests, annual budget reviews, and amendments/waivers/consents for Project Finance borrowers which CoBank leads. Handles customer questions and concerns related to billing, documentation and other inquiries.
• Assist in coordinating and participate in all-Lender / sponsor calls if needed. Collaborate with the deal team and Capital Markets to coordinate the action of the lenders as agent in accordance with the financing agreements for amendment/waiver/consent requests.
• Work to acquire expertise in Project Finance lending practices, including credit, legal, and compliance issues for both internal controls and procedures.
• Assist in fine tuning the roles and responsibilities for Project Finance's Administrative Agency function. This includes developing, implementing, and regularly reviewing (in consultation with Project Finance's team leadership) Administrative Agency procedures, job aids and best practices.
• Develop and utilize computerized spreadsheets, programs, and other automated tools for analysis, special projects, or presentations.

Education

• Bachelor's Degree required
• Bachelor's degree may be substituted with four years of related experience (four years is in addition to what is minimally required for the role), or an equivalent combination of education and related experience.
• Master's Degree in finance or accounting preferred

Work Experience

• 5 years of experience in banking/financial services required
• 2 years Loan Operations, Closing, Credit or Finance required
• Prior Experience and knowledge of legal documentation, structuring and underwriting large, complex non-recourse transactions preferred. preferred

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About CoBank

The typical base pay range for this role is between $98,500 - $121,180. 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 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.

Responsibilities This function is accountable for providing specialized agency services in Project Finance for a syndicate of lenders on behalf of Farm Credit System banks and/or commercial banks. Specifically, Administrative Agency administers the loan facilities with the borrower under a credit agreement and depositary agreement. This includes review and execution of monthly or quarterly transfer certificates for borrowers in both construction and operation. This role applies knowledge of lending products and accepted syndication and administration practices in Project Finance.