Loan Accountant

TrustBank•Olney, IL

10h•$23 - $25

About The Position

TrustBank is searching for a driven, detail-oriented professional to join our growing team as a Loan Accountant! If you're looking to launch or continue your career in banking with an organization that values integrity, innovation, and community, this is your opportunity. As a team member, you will receive personalized mentorship from our Assistant CFO and gain hands-on experience in the essential functions that support our loan portfolio. In this role, you’ll learn how to expertly navigate loan servicing operations, maintain critical documentation, and manage key loan servicing workflows that uphold TrustBank’s commitment to exceptional service, regulatory compliance, and sound risk management. You’ll grow your technical skills, build confidence in complex financial processes, and contribute to a team that truly invests in your success. At TrustBank, you’re not just filling a position, you’re joining a community-focused organization where your work matters and your career can thrive. This role requires the necessary skills and knowledge to manage all assigned duties of loan accounting and related customer and internal loan servicing. This position performs a variety of operational and administrative functions supporting the Loan Accounting Department. The job functions require strong customer service skills, analytical skills, problem solving, and attention to detail to navigate loan transaction detail and grasp the related accounting logic. The individual must maintain and reconcile records associated with customer loan transactions and follow internal directives on loan accounting matters in a timely and accurate manner and comply with established bank policies, procedures, and banking regulations.

Requirements

Minimum of Associates Degree in Business Administration.
Prefer Bachelor’s Degree in Accounting, Business, or Finance.
Prior experience in loan accounting, servicing, or prior banking experience is ideal, but not necessary.
Formal bank related training or certifications are helpful.
Clear, courteous and professional communication skills in both verbal and written format.
Friendly, accommodating, and helpful interpersonal skills and demeanor.
Strong ability to learn and retain knowledge.
Ability to understand related accounting and general ledger logic.
Ability to work productively, efficiently, and independently with minimal supervisory overview.
Multi-tasking ability with strong attention to detail and time management.
Ability to recognize issues of significance, prioritize accordingly, and appropriately clarify.
Must work well in a team environment executing with cooperation, professionalism, dependability, and mindfulness.
Ability to utilize Microsoft 365 applications and collaboration tools. Specifically have strong knowledge of Excel, Word, and Outlook.
Knowledge of and ability to learn the bank’s data processing system.
Working experience with other specialized banking computer systems.

Responsibilities

Treat all customers in a professional and courteous manner as described in the TrustBank Superior Service Commitment and execute the duties of the job within the TrustBank Values framework.
Assist customers and employees with any loan-related questions or issues.
Process miscellaneous loan payments, ACH payment requests, loan advances, and Payoff requests.
Upload and service all loans on the core banking system. Including making appropriate general ledger entries and requesting payment of invoices.
Review daily reports and make any necessary corrections.
Process billings, past due and rate change notices.
Monitor insurance requirements for loans. Update notifications on system.
Manage Force placed insurance Program.
Monitoring of Floor plan loans ensuring collateral inventory and related values are tracked.
Order loan coupon books.
Review and assign CECIL/Risk ratings to new loans.
Oversight of Loan Participation relationships with other banks.
Lease accounting and servicing.
Maintain escrow accounts, make disbursements, conduct annual escrow analysis reviews.
Manage Uniform Commercial Code (UCC) Portfolio & File UCC’s (new and continuations etc. with the appropriate county or state).
Monthly reporting to 3rd party vendors including but not limited to: Freddie Mac, Proctor, IAC, ARCH, SBA, etc.
Prepare reports for lenders and board of directors on a scheduled basis and ad-hoc reports as needed.
Provide back-up to miscellaneous Accounting Department functions.