Trade Servicing Specialist II

Job Title

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.

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

Essential Functions

• 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.
• Performs servicing activities such as but not limited to initiating advances under International Banking Division loans, accepts, secures, and monitors loan documentation, Supply Chain Finance, Documentary Collections, Direct Loan processing transactions.

Education

• High school diploma or GED required

Work Experience

• 2 years of experience, preferably in the banking or financial services industry. required
• Demonstrated tact, persuasiveness and interpersonal skills, with the ability to communicate effectively with foreign and domestic customers, borrowers and financial institutions.
• Ability to work independently as well as collaboratively in a team environment.
• Strong organizational skills and detail orientation, with demonstrated ability to multi-task and work effectively under time constraints and changing priorities to meet deadlines
• 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)

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 $58,100 - $66,500. 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. 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 View email address on click.appcast.io. 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.