Loan Accountant

Compeer Financial • Lakeville, MN

2h • Hybrid

About The Position

This position services Compeer Financials’ internal and external clients by providing accounting services in an assigned area, to include loans and leases, by analyzing requests and creating accounting system entries using appropriate procedures and accounting principles. Ensures a high degree of accuracy and exceptional service. Serves as a knowledge and technical resource to other team members with regard to accounting processes in assigned area.

Requirements

• Bachelor’s degree in accounting, finance or related field; or equivalent.
• Minimum of 3 years related work experience required, preferably in the financial services industry.
• Knowledge of accounting principles.
• Strong, proven interpersonal communication, client service and team skills.
• A high degree of accuracy, strong attention to detail, strong analytical skills, ability to problem solve, ability to meet deadlines, and ability to work independently required.
• Intermediate computer skills including MS Office applications (Word, Excel, Access, Outlook, etc.) and other related accounting software applications.
• Ability to work independently and collaboratively with other teams to achieve goals and represent the business.
• Valid driver’s license.
• Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

Responsibilities

• Analyzes and creates accounting system entries using the appropriate procedures and accounting principles for basic to moderate transactions.
• Sets up new loans and assists in client billing and/or statement monitoring and maintenance.
• Assists in loan/bond accounting issue resolution.
• Assists with setting up service, monitoring and maintenance of specialty programs.
• Calculates, monitors and conducts maintenance for various accounting fees.
• Creates daily general ledger entries.
• Monitors and processes exception journal and unposted items.
• Processes incoming and outgoing wires for assigned accounts, as well as loan/bond pricing maintenance.
• Processes specialized RAU (Risk Asset Unit0) loan/bond servicing requests for assigned branches.
• Processes 1098/1099-INT tax reporting items.
• Collaborates with FSO, closures and credit team in setting up participated loan terms to function within the accounting systems.
• Processes payments and disbursements utilizing wires and other forms of fund transfers.
• Works with AgriBank/SunStream to process hedge requests and foreign funding.
• Administers ACH and wire template setup and maintenance.
• Monitors credit line rejects, stop payments, duplicates and sequencing.
• Administers NACHA upload and releases.
• Provides technical support for Compeer Financial team members and/or vendors regarding issues with assigned accounting function (loan/lease, or GL clearing account transactions), in accordance with department and organizational policies and procedures.
• Works closely with team members to ensure issues are resolved in an accurate and timely manner to minimize potential client concerns.
• Assists outside Financial companies before and/after a participated loan is closed. Assists with providing guidance on how to account for the participated loan.
• Communicate and respond to AgriBank/SunStream regarding transactions and system requests, via email or portal.
• Participates in fraud monitoring and resolution.
• Performs AP check printing and EFT releases.
• Monitors assigned loan exceptions.
• Utilizes reports to identify and correct errors.
• Monitors loans to ensure payments and advances are applied accurately and rates are correct.
• Identifies trends and/or interprets the report information.
• Creates various spreadsheets for data input and calculations and processes corresponding macros, when necessary.
• Verifies transaction entries to ensure accuracy in the accounting system database. Creates documents and forms for Loan Accountings internal use.
• Authors department information on the Compeer Financial Intranet site as needed.
• Researches and recommends process improvement and efficiencies within the department and Compeer Financial.
• Documents department policies, procedures and processes.

Benefits

• medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
• Learning and development programs
• Mentorship programs
• Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
• Professional membership/certification reimbursement and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees