Senior Paralegal

About the Role

CoBank is seeking a highly skilled Senior Paralegal to join our team in a corporate law specialist role. As a key member of our legal department, you will be responsible for performing varied legal, title, abstract, and other necessary research to assist attorneys and supervisors with the performance of corporate and/or transactional legal work.

Key Responsibilities

• Drafts and reviews complex legal, loan, and collateral documentation, correspondence, and opinions.
• 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 transactions teams; manages resolution of title and other due diligence issues.
• Obtains and reviews organizational documents. Completes signatory authority reviews, prepares borrower and guarantor resolutions. Performs follow-up, tracking, and maintenance of updated organizational documents.
• Assists in drafting, updating, and maintenance of standard loan documentation language and templates and mortgage templates.
• Assists in performing complex legal audits and reviews existing loan files to ensure compliance with quality controls.
• 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 of 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.
• Responds to customer requests related to status updates and details of more complex transactions, consulting with an attorney as needed. Internal and external customers include but are not limited to relationship managers, credit analysts, attorneys, and outside counsel. Assists attorneys in performance of general corporate support functions as required.
• Assists in performance of general corporate support functions as required and is able to complete increasingly complex assignments and to work independently on such assignments.
• 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.
• Ensures compliance with applicable laws and regulations relating to flood insurance.
• Assists attorneys in due diligence document requests for issuances of preferred stock and subordinated debt.
• Participates in special projects and performs other duties as assigned.

Requirements

• Five (5) or more years of paralegal experience, preferably in a secured lending practice or law firm; or appropriate combination of education and experience.
• Bachelor's degree and paralegal certification preferred.
• Understanding of loan and collateral transactions and ability to audit a transaction or customer.
• Intermediate knowledge of legal, commercial lending, and lease terminology, title insurance, real estate law, the Uniform Commercial Code, and collateral documentation, with intermediate knowledge of some of these areas preferred.
• Demonstrated skills in Microsoft Office applications (Outlook, Word, SharePoint, and Excel).
• Ability to prioritize and schedule work and projects with minimal supervision. Flexible to work with multiple teams and balance ongoing projects and work.
• Ability to work independently with minimal guidance, as well as collaboratively in a team environment. Acts as resource to others on the team, answers questions, and provides training as needed.
• Strong analytical and problem-solving skills.
• Strong organizational and time management skills.
• Strong detail and customer service orientation.
• Strong verbal and written communication and interpersonal skills.

Compensation Information

• Estimated Base Salary Range: $75,037-$91,920
• Short Term Incentive Bonus: 10%