Paralegal Development Associate at CoBank in Greenwood Village, CO

Summary: CoBank is a cooperative bank serving vital industries across rural America. The Paralegal Development Associate provides legal support in various areas to assist attorneys and supervisors with the bank's corporate and transactional legal work, progressing through a two-year rotation in the legal department. Responsibilities: - 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 Required Qualifications: - High school diploma or GED required Preferred Qualifications: - 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 Required Skills: Legal Document Drafting, Loan Documentation, Collateral Perfection, UCC Lien Searches, Title Commitment Review, Flood Law Compliance, Legal Research, Paralegal Certification Benefits: 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, This position is eligible for a discretionary annual incentive program driven by organization and individual performance