Lease 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 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
• 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

Performs end to end deal management activities for lease transactions. Responsible for task prioritization, quality assurance, documentation, funding and booking. Works in a team environment and collaborates with Relationship Services Specialists (RSS), asset management, credit, accounts payable and tax to ensure that lease origination commitments are fulfilled. Provides periodic status to Leasing Delivery Services (LDS) leadership and other internal departments.

Essential Functions

1. Coordinates with leasing customers and partners to collect credit conditions required to prepare lease documents. Validates conditions meet requirements. 2. Prepares and sends lease contract documents to leasing customers and partners in accordance with FCL policy and procedure, ensures completeness and accuracy over lease agreements 3. Completes booking activities to meet internal, partner and customer commitments. Performs booking functions to active lease contracts in the lease accounting system. Performs validation steps over contract documents and system attributes to ensure the completeness and accuracy of manually keyed attributes to the lease accounting system. 4. Completes funding activities for assigned accounts to meet internal, partner and customer commitments. Performs appropriate due diligence according to FCL policies and prepares vendor payment requests within authority limits. Obtains additional approval from leadership for payment requests outside of authority. 5. Performs maintenance activities in support of contract modifications, corrections and end of lease decisions over the life of the lease. 6. Completes UCC filings within regulatory guidelines and takes appropriate steps to manage recordable legal documents with title companies, state and local jurisdictions. 7. Backs up other team members. Performs closing activities for other teams in support of work load leveling. 8. Performs quality assurance functions. Works with team to ensure that high quality standards are achieved. 9. Communicates status to team and leadership. Keeps supervisor informed of workload and escalates issues in a timely manner. 10. Actively engages with team contributing to fulfillment of overall partner and customer origination commitments and issue resolution. 11. Participates in relationship status calls and participates in on-site visits to assigned accounts to build relationships and improve service. 12. Works closely with Relationship Managers, Account Managers, customers and lease partners to provide superior customer service. 13. Periodically reviews and updates procedures to align with business practices. 14. Actively identifies continuous improvement opportunities and partners with management to implement process and system enhancements. 15. Cross-trains in order to assist and back-up other associates.

Education

• High school diploma or GED required

Work Experience

2 years of experience, preferably in the leasing industry. required Associate’s or bachelor’s degree in finance, business administration or relevant discipline preferred.Basic knowledge of the Farm Credit System preferred.Basic knowledge of the leasing industry, leasing documentation, tax and closing requirementsWorking knowledge of office software applications, Tvalue, CRM, and RapportAbility to accommodate varying work and scheduling requirements in order to meet deadlinesAbility to solve problems, and identify when to escalate issues.Ability to interact with and engage others appropriately at all levels in the organization.Demonstrated skills in Microsoft Office applications (Outlook, Word and Excel)Ability to work independently as well as collaboratively in a team environment.Strong or