Loan Accounting Specialist

Third Coast Bank•Austin, TX

70d•Onsite

About The Position

The Loan Accounting Specialist is responsible for ensuring the accuracy and integrity of all loan accounting transactions within the Bank's portfolio. This role supports the daily, monthly, and quarterly reconciliation of loan systems to the general ledger, manages loan-level accounting adjustments, and assists with internal and regulatory reporting. The ideal candidate will bring strong analytical skills, high attention to detail, and a solid understanding of commercial loan structures and accounting principles.

Requirements

Bachelor's degree in Business, Accounting, or related field.
3-5 years of experience in commercial loan servicing, commercial banking operations, or related functions.
Proven track record of managing loan servicing teams or processes in a commercial banking environment.
Strong knowledge of loan documentation, collateral requirements, regulatory compliance, and credit operations.
Exceptional attention to detail, organizational skills, and ability to manage multiple priorities.
Excellent communication and interpersonal skills with a focus on client service and cross-department collaboration.
Proficiency with commercial banking systems and loan servicing software.
Familiarity with industry regulations and compliance standards.
Excellent analytical and problem-solving skills.
Ability to work independently and as part of a team.
Strong attention to detail and organizational skills.
Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and audit software.
Excellent written and verbal communication skills.
Ability to travel to various sites as required by the role.

Responsibilities

Reconcile loan subledger balances to the general ledger and ensure accuracy of all loan-related entries.
Post loan payments, fee income, interest accruals, charge-offs, and recoveries.
Research and resolve accounting discrepancies and exceptions in a timely manner.
Review daily loan activity for accuracy and compliance with established accounting policies.
Prepare and review monthly, quarterly, and year-end loan accounting reports for management and auditors.
Assist in compiling data for regulatory and financial reporting requirements.
Analyze interest income, deferred fees, and amortization schedules to ensure accurate recognition.
Support accounting adjustments for loan sales, participations, charge-offs, and non-accruals.
Identify process enhancements to improve accuracy and efficiency in loan accounting workflows.
Maintain appropriate documentation to support audit and regulatory reviews.
Partner with Loan Operations, Credit Administration, and Finance to maintain data integrity across systems.
Ensure accounting processes adhere to GAAP, internal control policies, and applicable banking regulations.
Assist in system conversions, audits, and other special projects as assigned.