Loan Accountant

Amplify Credit Union • Austin, TX

236d • $22 - $34 • Remote

About The Position

As a growing, tech-focused credit union, Amplify Credit Union delivers value to our members through our products and impact to our community through our profits. That unique intersection is one reason we've been named a Top Workplace by the Austin American-Statesman six years in a row. We're also proud to say that we're the only full-service financial institution that doesn't have deposit fees of any kind. We're looking for teammates who are inspired by our mission and ready to grow their careers. As they do, our employees can expect Amplify to uphold our commitments to culture, community, inclusion, and more. The Loan Accountant performs duties pertaining to loan activity and investor transactions, accounting entries, reconciliations, and related tasks. This role generally focuses on responsibilities regarding reconciliations of GLs used by the accounting and lending departments and for the investor relationships entered into by Amplify. This position monitors and analyzes loan operation financial activity and works across departments as necessary to understand, reconcile, communicate, and account for related transactions.

Requirements

• Associate's degree in business-related field or a minimum of 2 years of business experience, or equivalent combination of education and experience
• Requires some previous accounting/financial experience
• Preference given to candidates with working knowledge of and practical experience with credit union or other financial institution operating areas, functions, products and services
• Must be bondable
• Knowledge of Fiserv DNA or other loan servicing software
• Working knowledge of Microsoft Office with an emphasis on Excel that includes vlookup, pivot tables, etc.
• Reliable internet access of 50MBPS

Nice To Haves

• Strong understanding of GAAP accounting and financial statements
• Ability to perform tasks in accordance with Credit Union standard operating procedures
• Working knowledge of certain Financial Accounting Standards Board pronouncements (FASB), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), relevant government regulations, and NCUA accounting procedures
• Excellent communication skills to proactively raise concerns and issues with the Accounting Manager

Responsibilities

• Prepares daily, weekly, and monthly reconciliations of loan related general ledger accounts to ensure transactions are processed and recorded correctly by the lending teams
• Analyzes and prepares monthly bank reconciliations of various Clearing and Investor Custodial bank accounts
• Works closely with the lending teams to resolve any outstanding reconciling items on general ledger and bank reconciliations
• Reconciles and posts journal entries for Investor loan sales and purchases
• Prepares and posts month-end journal entries and updates monthly reports within the monthly close schedule timeline
• Analyzes and researches any loan balance differences between our core system (Fiserv DNA) and the General Ledger
• Assists with gathering and providing requested documentation for internal and external auditors
• Cross-trains in other areas of the accounting department to assist with other daily reconciliations, entries, and tasks
• Prepares and updates SOP (Standard Operating Procedures) documentation
• Participates in department projects, as assigned
• Upholds credit union policies and procedures and champions organizational culture both internally and externally

Benefits

• Medical, Dental, and 401(k) programs for team members
• Customized volunteer opportunities with our signature partners (Saint Louise House)
• Additional paid time off for volunteer-related activities
• Undergraduate and graduate tuition benefits for eligible full-time and part-time team members

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Associate degree