Corporate Loan Accountant

Overview

This role involves performing intermediate and advanced specialized loan accounting functions, including recording new loans, complex modifications, conversions, and maintenance transactions. The position also processes monetary transactions related to loan payments, advances, and fee processing. The individual will apply generally accepted accounting principles, work independently, and provide accurate and timely responses to inquiries from customers and credit staff.

Responsibilities

• Record new loans, renewal loans, and complex loan modifications and maintenance transactions after reviewing loan origination documents for terms and controls.
• Conduct peer reviews of new loan setups, renewals, and modifications to ensure accuracy.
• Record deferred loan fees and associated costs as required under FASB91 and process various loan-related fees.
• Reconcile customer receivable and payable accounts, including general ledger holding accounts, and monitor account balances and activity.
• Record payments, disbursements, and adjusting entries in the loan accounting system, verifying accuracy and preparing correcting entries as needed.
• Monitor, research, and resolve past due accounts.
• Assist in training other loan accounting team members on accounting activities and procedures.
• Perform non-routine transactions such as non-accrual accounting, loan restructures, and forbearance agreements.
• Serve as a liaison between customers, participating Farm Credits, and Commercial Banks.
• Perform other duties as assigned.

Requirements

• Bachelor’s Degree in Business or Accounting, or equivalent general accounting or loan accounting experience.
• At least 3 years of general accounting experience or equivalent; loan accounting experience preferred.
• Proficient in organizing and prioritizing work to meet deadlines.
• Exceptional interpersonal skills with effective verbal and written communication.
• Proficient in automated accounting software, Microsoft Excel, Word, and email.
• Ability to perform basic office tasks in a typical office setting, including extended periods of sitting and computer work.
• Strong written and verbal communication skills.
• Physical ability to talk, hear, sit, use hands and fingers, reach in all directions, and occasionally lift/move items up to 25 pounds.
• Willingness to work during established business hours with occasional weekend and/or evening work.

Preferred Qualifications

• Experience with loan accounting systems and complex loan transactions.
• Ability to work independently under general supervision.

Compensation & Benefits

• Annual salary range: $58,322.33 to $87,483.48, adjusted based on geographic location and candidate qualifications.
• Bonus eligibility based on association and personal performance.
• Medical, dental, and vision coverage.
• Outstanding 401(k) plan with automatic 3% employer contribution plus match up to 6%.
• Generous paid time off: 21 days vacation, 15 sick days, 12 paid holidays, and 16 hours of volunteer time annually.
• Competitive incentive compensation plan.
• Disability and life insurance.
• Employee wellness programs covering mental, physical, and financial health.

Location

• Full-time remote position with the option to work from an office if needed.
• Some travel for team meetings required.

Additional Information

• Employment contingent on eligibility to work in the United States; visa sponsorship or transfer is not available.
• Equal opportunity employer committed to diversity and non-discrimination.
• Reasonable accommodations available upon request for applicants with disabilities.