CoBank: Trade Servicing Specialist Ii

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 standing for something that matters. In order to be the best, we hire the best! Remarkable Benefits offered by CoBankCareers with a purpose stand for something!Competitive Compensation & IncentiveHybrid work model flexible work arrangements for most positionsBenefits Packages, including: Medical, Dental and Vision coverage, Disability, AD& D, and Life InsuranceCoBank University robust curriculum –associate training and development, including higher education tuition reimbursementOutstanding 401k – up to 6% matching and an additional 3% non-elective contributionTime-Off Packages – Vacation 15+ days, 10 Paid Sick Days, and 10 Paid HolidaysCommunity Impact – United Way Angel Day, Volunteer Day and Associate Directed ContributionAssociate Resource Groups – creating a culture of diversity and inclusionRecognize a fellow associate with “GEM” awards, including a monetary valueOn-site Fitness Center and CafeECO transportation pass provided to every Denver associateJob Description:Performs technical transaction processing related to negotiating letters of credit and provides high level of customer service with particular emphasis on processing documents promptly and without exposure to the bank. Facilitates international trade transactions related to Commodity Credit Corporation programs.Essential Duties and Responsibilities:Reviews letters of credit issued by foreign correspondent banks and interprets requirements. Resolves inconsistencies with the issuers, and provides advice to beneficiaries on alternatives. Enters information in the letter of credit system, and provides customer with formal advice.Examines commercial documents for accuracy and compliance with letter of credit terms.Resolves discrepancies with customers, including offering alternatives for facilitating payments.Examines documentation for compliance with government programs and policies, and submits required reports.Processes payments under letters of credit and bankers’ acceptances.Responds to customers’ routine inquiries on technical questions regarding preparation of documents and/or mechanics of government program.Initiates advances under International Banking Division loans.Accepts, secures, and monitors loan documentation.Basic QualificationsHigh School diploma.Two (2) or more years of experience, preferably in the banking or financial services industry; or appropriate combination of education and experience.Preferred QualificationsIntermediate knowledge of letters of credit negotiations, and advanced understanding of the ICC Uniform Customs and Practice for Documentary Credit and International Standard Banking Practice.Basic knowledge of principles of accounting.Knowledge of USDA exporter programs such as General Sales Manager (GSM) and EXIM banksAbility to solve problems, and identify when to escalate issues.Demonstrated tact, persuasiveness and interpersonal skills, with the ability to communicate effectively with foreign and domestic customers, borrowers and financial institutions.Serves as “Mission Critical Personnel” for business continuity and reduced staffing scenarios.Ability to work independently as well as collaboratively in a team environment.Excellent organizational skills and detail orientation, with demonstrated ability to multi-task and work effectively under time constraints and changing priorities in order to meet deadlinesExcellent customer service, verbal and written communication skills, with the ability to interact with and engage others appropriately at all levels in the organization.Demonstrated skills in Microsoft Office applications (Outlook, Word and Excel)Compensation InformationEstimated Base Salary Range: $46,000 – 54,000Target short-term incentive opportunity: 6%About CoBank:CoBank stands strong as a $135 billion enterprise dedicated to the financial needs of rural America. As a national cooperative bank and a proud member of the Farm Credit System it is our mission to serve as a relevant and dependable provider of credit and other value-added financial services. From our headquarters in Denver, Colorado and our regional banking centers across the US, CoBank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. CoBank will not sponsor a work visa (e.G. H1B, etc.) to fill this positionCoBank is an Equal Opportunity EmployerCoBank 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.#LI-AK1