Flood Paralegal

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!

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 per year
• 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

At CoBank, Flood Paralegal is responsible for handling pre and post closing flood due diligence to ensure compliance with regulatory requirements when the bank makes, increase, renews or extends a loan. This includes ordering flood hazard determinations, analyzing results, and working with the Deal Team to obtain required documentation when real estate secures the loan that contain building(s) located in a designated special flood hazard area requiring flood insurance prior to loan closing.

Essential Functions

• Serve as Subject Matter Expert (SME) for Flood regulations and process for all levels of bank personnel.
• Order flood determinations for new loan requests and handling of existing loan portfolio to ensure adherence to regulatory requirements.
• Analyze flood insurance policy for compliance.
• With limited oversight, assists in drafting and review of basic legal, loan collateral and ancillary documents, correspondence and opinions. Acts as the primary contact for the deal team and responds to customers' requests, provides status updates and clarifies details of the transaction.
• 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, 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.
• Maintains and organizes legal files and legal electronic database, legal training materials and manuals.
• Assists in document preparation for discovery requests and tracks legal proceedings.
• Assists in research mortgage law to keep mortgage review binders current.
• Assists in drafting procedures and guidance.
• Performs legal research, including but not limited to cite checking. Summarizes research results and recommends appropriate courses of action.
• Assists in performance of general corporate support functions as required.
• Performs custodial duties and audits for the note files and other specific types of personal property files held in records.
• Inputs and maintains tracking of collateral and insurance.
• Monitors incoming transactions, analyzes credit report recommendations and generates transaction checklists to include appropriate tasks for all deal team members. Prepares and updates the transaction checklist and all internal systems timely and accurately throughout the process. Ensures that all conditions have been met.
• Maintains adherence to bank policies, procedures and controls to ensure consistency and quality.

Education

• High school diploma or GED required
• Paralegal certification is preferred

Work Experience

• Three years of paralegal experience, preferably in bank or commercial real estate lending

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 $68,000 - $78,000. 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.