Portfolio Manager

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!

• 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
• Royalty-free 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

At CoBank, a Portfolio Manager provides relationship management and credit support to a team of Relationship Managers, including origination, structuring, execution, and ongoing monitoring of transactions and borrowers.

• Responsible for working with the Relationship Manager 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

• Independently manages the day-to-day activity of an assigned portfolio of complex transactions with a mix of new and existing accounts. This includes direct customer communication, as necessary.
• Provides autonomous 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 and due diligence of contractual, technical, market information, and industry trends for new or renewed financing arrangements. Collaborates with Credit Analysts to guide the development and preparation of credit approval documentation for new, renewed financing arrangements and consent, waiver and amendment activities.
• Provides primary drafting of eligibility opinions and internal risk forms as part of the customer due diligence and application process.
• Supports Relationship Managers in origination, structuring, and new business activities. Takes on primary responsibilities, as assigned, to negotiate, diligence, document, and close new lending commitments in the bank loan and/or bond market. These activities can include, preparing pre-screening memos, pitch development, and engaging with Capital Markets and other internal stakeholders.
• Handles customer and internal partner questions and concerns related to billing, documentation, and other inquiries or requests.
• Manages to 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.

Education & Work Experience

• Bachelor's Degree required
• 5 years experience in banking or financial services industry, including experience in power, water, energy, utilities, or agriculture market required
• Prior experience in the division's 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
• Advanced analytical skills including 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
• Advanced organizational and time management skills
• Knowledge of Microsoft Office applications (Outlook, Word, Excel and Pilot)

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.

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 $121,000 - $148,900. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience.

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.

Application Instructions

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.