Loan Accounting Administrator

Farm Credit Illinois, ACA•Mahomet, IL

18h•$65,000 - $85,000

About The Position

The Loan Accounting Administrator supports regional offices, central office departments, and business partners by ensuring complete and accurate processing of loan accounting operations. The role processes loan transactions and maintenance requests, maintains accurate member loan accounts throughout the life of each loan, and provides technical expertise to resolve loan accounting and operational issues. This is a temporary position with an anticipated employment period of approximately 18 months.

Requirements

General knowledge of Generally Accepted Accounting Principles (GAAP) and accounting principles, practices, and methods.
Strong attention to detail and ability to accurately process complex transactions, forms, documents, and financial information.
Strong analytical and problem-solving skills, including ability to apply established processes and procedures to resolve loan accounting issues.
Proficiency with Microsoft Office applications and ability to learn and consistently apply specialized loan accounting systems and processes.
Effective organizational, teamwork, and communication skills, including ability to gather information, manage detailed work, and collaborate with internal and external customers.
Bachelor’s degree in business, accounting, agriculture, or a related field.
Minimum of 3 years of experience in accounting or bookkeeping, or equivalent education, experience, and skillset sufficient to perform the essential functions of the job.

Responsibilities

Process complex loan accounting and maintenance transactions, including loan extensions, fund transfers, pricing adjustments, payment changes, amortizations, corrections, reversals, refunds, and maturity transactions.
Maintain accurate member loan accounts by researching and resolving rejected or incorrect transactions, completing accounting entries, and reviewing transactions for accuracy.
Provide technical support to regional offices and internal partners by answering loan accounting questions, troubleshooting issues, and recommending appropriate solutions and corrections.
Monitor daily exception reports and loan activity to identify discrepancies, complete necessary corrections, and support accurate transaction processing.
Reconcile assigned general ledger accounts by investigating imbalances, correcting over-disbursements and unposted transactions, and completing adjusting entries as needed.
Support loan booking and ongoing account maintenance by verifying loan information, note execution, pricing adjustments, and special program requirements.
Contribute to process improvements and operational effectiveness by participating in system testing, training, validation activities, special projects, and cross-functional initiatives.