Loan Accountant

Capital Bank Career • Rockville, MD

2d • $65,000 - $90,000

About The Position

The Loan Accountant supports the Bank’s financial accuracy and regulatory compliance by performing detailed loan accounting, reconciliation, reporting, and system administration activities. This role ensures the integrity of the loan portfolio’s financial data, including principal balances, retained and serviced, interest income, fee recognition, accruals, and loan-level accounting entries.

Requirements

• Bachelor’s degree in accounting, Finance, or related field.
• 3+ years of experience in loan accounting, loan operations, or bank financial reporting.
• Previous hands-on experience with core banking system configurations related to loan accounting (loan system setup, GL mapping, reporting, or system administration); Fiserv Premier strongly preferred.
• Strong understanding of GAAP related to loan accounting (accruals, nonaccruals, deferred fees/costs, charge-offs).
• Proficiency in Excel and strong analytical skills.
• Ability to work independently, multitask, and meet tight deadlines.
• High attention to detail; strong financial accuracy.
• Excellent problem-solving and reconciliation skills.
• Strong communication and cross-department collaboration.
• Ability to interpret complex loan structures and translate into correct accounting treatment.
• Continuous improvement mindset with willingness to enhance systems and processes.

Responsibilities

• Loan Accounting & Reconciliation Perform daily, weekly, and monthly reconciliations for all loan-related general ledger accounts, including retained and serviced principal, accrued interest, deferred fees/costs, escrow, participations, and charge-offs.
• Complete transactions and manage request queues to meet departmental SLAs for GL-related research and corrections.
• Review and validate loan system-to-GL interfaces for accuracy; research and resolve discrepancies promptly.
• Review and validate core loan system data to other loan data systems to ensure accuracy; perform reconciling adjustments swiftly.
• Track Loan-related invoices for proper treatment and corrections, as needed.
• Complete regular exception testing to ensure quality control in loan coding, deferred fee/costs, interest rates, accrual methods, and other items impacting financial Support in the maintenance of accurate accounting of unearned income, premium/discount amortization, and nonaccrual interest.
• Support month‑end and quarter‑end closing activities, ensuring timely and accurate entries and reporting.
• Partner closely with Finance to answer reconciliation questions.
• Loan System Support (Fiserv Premier preferred) Serve as a subject matter expert on loan system functionality, setups, and configuration as it relates to GL mapping, deferrals, accruals, and other specifications impacting loan accounting.
• Partner with the Product Owner for the Core Banking System to maintain loan system tables, rate schedules, product configurations, and accounting parameters.
• Partner with Accounting and Loan Operations in testing impact of new system releases, patches, and enhancements.
• Maintain detailed records of transactions completed with supporting documentation and approvals, as required.
• Define and oversee adherence to GL transaction processes and procedures followed by Loan Operations staff.
• Operational Support Collaborate with Loan Operations to ensure accounting alignment with booking practices, participation agreements, and servicing requirements.
• Review and validate complex loan structures (construction, participations, syndicated loans, variable rates, interest‑only, etc.) for accurate accounting treatment.
• Assist in implementing new loan products or accounting processes.
• Provide support for internal and external audits, including documentation and data retrieval.
• Promote operational excellence through implementation of streamlined processes and clear procedural documentation.
• Assist in other responsibilities of the Loan Operations team as needed.
• Compliance & Controls Ensure adherence to GAAP, bank policies, and regulatory requirements for loan accounting.
• Maintain strong internal controls and support ongoing enhancements to the control environment.
• Support the bank’s SOX or FDICIA processes as applicable.
• Financial Reporting & Analysis Support Support Finance in preparation of internal loan portfolio reports, including roll‑forwards, yield analysis, concentration summaries, and trend reports for management, as needed.
• Support Finance in preparation of regulatory reports tied to loan accounting (e.g., Call Report and FR-Y schedules related to loans), as needed.
• Assist with variance analysis in loan-related income and balances; identify and elevate anomalies or trends.

Benefits

• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?
• Company Contributions to your 401k - Regardless of your contribution
• Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
• Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level