Paralegal Development Associate

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
• 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

Members of CoBank's Paralegal Development Program provide legal support in a variety of areas to assist attorneys and supervisors with the bank's corporate and transactional legal work. The Paralegal Development Associate progresses through a two-year rotation of the various functional groups in CoBank's legal department in order to gain a broad understanding of the Bank, its customers and the paralegal role while providing on-the-job experience. CoBank's Paralegal Development Program is ideal for strong candidates who are new to the paralegal profession or lack directly relevant paralegal experience in the secured lending and corporate areas.

• Legal Specialist Rotation
• Collaborates with the Responsible Attorney to draft and prepare high quality loan and ancillary documents, and appropriate correspondence for standard loans in compliance with guidelines. Prepares online banking forms for newly documented customers.
• Works closely with internal and external customers (including, but not limited to, relationship managers, credit analysts and attorneys) to respond to customers’ requests, provide status updates and clarify details of the transaction.
• Updates all internal deal tracking software systems consistently, timely and accurately to ensure that all required documents and tasks for a transaction are completed.
• Prepares transaction checklists, and updates and manages the same throughout the documentation and closing process.
• Orders certified organizational documents from government offices.
• Reviews Signatory Authority Reviews (SigArs) to ensure documents are prepared and executed correctly; identifies need for SigAr or updated organizational documents.
• Creates, maintains and manages physical and electronic Vital Records for assigned transactions to ensure that transaction documents are appropriately archived.
• Ensures that all conditions precedent/subsequent have been met, that legal checklists are completed in a timely manner as deal progresses and that there is appropriate legal oversight of the transaction.
• Collateral/Flood Paralegal Rotation
• Assists in drafting and review of basic legal and collateral documentation and correspondence.
• Perfects collateral according to state statutes and maintains perfection of collateral to include extensions, amendments, and continuations as needed.
• Orders UCC lien searches for verification and determination of lien position.
• Reviews, analyzes and organizes title commitments, abstracts and policies submitted to CoBank, exception documents and other due diligence items, including but not limited to surveys. Recommends title objections and title endorsements, and communicates objections and recommendations to the title company, collateral associates and transaction teams; manages resolution of title and other due diligence issues.
• Obtains and reviews organizational documents. Completes signatory authority reviews (SigArs) and prepares borrower and guarantor resolutions. Performs follow up, tracking and maintenance of updated organizational documents.
• Reviews new and existing real property collateral to confirm adherence to Flood Laws.
• Orders flood zone determination searches for verification and determination of buildings that may be located in a special flood hazard area.
• Reviews internal loan documentation, and communicates mandatory flood insurance purchase requirement to the relationship managers, collateral paralegals, and internal counsel to ensure flood due diligence prior to loan closing.
• Performs other tasks as necessary to ensure bank compliance with flood laws.
• Inputs and maintains tracking of collateral and insurance in collateral tracking systems.
• Corporate Paralegal
• Assists and collaborates with the Office of General Counsel (OGC) Legal Team and the Board Relations Team by performing a variety of paralegal tasks.
• Assists the Board Relations Team with meeting planning and coordination and information dissemination.
• Assists with the annual director disclosure process.
• Drafts and reviews legal contracts and other documents.
• Performs legal research.
• Provides project and transaction support as assigned.
• Updates OGC internal systems (Malbek, Diligent and others), consistently, timely and accurately.

• High school diploma or GED required
• Bachelor's degree preferred
• Paralegal certification preferred

• Prior experience in secured lending, banking or financial services industry, title company or law firm/legal department preferred 

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.

Occasional Travel occurs infrequently (typically, once a month or less).

The typical base pay range for this role is between $54,300 - $62,100. 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 recruiting@cobank.com. 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.