Leasing and Cash Management Finance Director

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!

Benefits Offered by Co Bank

• Careers with a purpose
• Time-Off Packages, 20 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 & 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

Job Description

Acts as the primary Finance leader for CoBank's wholly owned subsidiary Farm Credit Leasing (FCL) and provides finance support for the bank's cash management (CM) group, which focuses on providing cash management services. Develops and analyzes financial and business models, and makes recommendations related to FCL and CM regarding financial matters including product profitability, transactional impacts, operational efficiency initiatives and other items.

Serves as a strategic advisor to FCL and CM management teams. Interfaces with the FCL board of directors, including providing updates on financial performance and strategies. Collaborates with and advises senior management across the bank on leasing, CM and other product-level financial issues.

Essential Functions

• Develops and maintains FCL and CM financial models to evaluate proposed strategic financial and market decisions, capital actions, investments and other changes that impact short- and long-term financial performance. Determines implications to the bank's overall capital and financial position and presents findings to key managers.
• Provides thought leadership related to business model and financial variables including product mix, pricing, cost structure, capitalization and other actions or variables impacting FCL, CM and other product areas within the bank.
• Contributes to the development of the FCL's three-year business and financial plan and projects the future financial position using data gathered from various sources.
• Understands and communicates the tax implications of various business drivers to FCL and their impact on CoBank as a whole. Works closely with CoBank's Tax team to ensure alignment on key assumptions between Tax and FCL.
• Analyzes and reports performance trends for FCL, CM and other product offerings, and makes recommendations for improvement.
• Provides analysis of competitors as well as Farm Credit System (FCS) peers. Engages with others throughout the FCS to share analysis and best practices, as appropriate.
• Works closely with senior financial managers, the CFO and other leaders to coordinate critical inputs to forecasts and models.
• Utilizes comprehensive databases, computer models and digital tools to simulate FCL, CM and other product performance. Automates reporting related to product profitability.
• Liaises with FCL's board of directors to review financial condition and performance, changes in strategy and other matters.
• Tracks external financial events to determine and monitor their effect on financial position, strategic directions, operating characteristics, financial performance, market trends, taxes and other factors.

Education

• Bachelor's Degree required

Work Experience

• 15 years of experience, preferably in banking, leasing, financial services or a cooperative environment required
• Prior Experience in Financial Strategy, Lease Financing, Business Solutions. preferred

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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 Co Bank

The typical base pay range for this role is between $158,700 - $195,200. 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)…