Participation Accounting Specialist

Capital Farm Credit • Lubbock, TX

1d • Onsite

About The Position

Performs participation accounting functions and customer support for the association users and customers related to participation accounting of the Loan IQ (loan accounting) system, including access modules. This includes responding to phone calls and e-mails promptly as well as following through to assure all issues are resolved in a timely manner. Serves as a backup to the Cash Management division of Treasury Services. This position works under moderate supervision in the application of generally accepted accounting principles as it relates to loan accounting activity.

Requirements

• Bachelor’s degree in accounting, business, finance or related field or equivalent experience.
• One (1) to three (3) years of accounting or related business experience.
• Ten key-calculator by touch and computer literacy required, including word processing, database and spreadsheet applications.
• Ability to accomplish accurate, detailed tasks in short time frames.
• Must be self-motivated and have the ability to work independently to complete assigned projects.
• Demonstrated problem solving and organizational skills are essential.
• Position requires good written and oral communication skills.

Nice To Haves

• Experience in the operation, maintenance, and end-user support of loan accounting, cash management, general ledger, and/or other loan accounting systems.
• Knowledge of participation accounting preferred.

Responsibilities

• Maintains accounting for Capital Market loans as required to include setting up loans in accordance with the participation agreements; initiating wire or ACH transactions; updating interest rates and other terms; recording transactions; monitoring loans on a monthly basis to determine that loans are within parameters of participation agreements including rates, commitments and fees.
• Corresponds with participation loan accounting departments within other institutions via email and phone to ensure good communication and cohesive reporting.
• Files documentation related to participation accounts in Treasury Services EFC.
• Conducts ACH entries and approvals.
• Works with AB Administrative group, Sales Desk and RM on all loans in the participation portfolio.
• Reconciles accounts related to participation accounting.
• Provides fast, accurate support regarding participation accounting and/or related systems and processes.
• Provides guidance to end-users to assist them in participation accounting functions, as necessary.
• Assists with the development of new and improved processes to enhance participation accounting efficiencies.
• Assists in maintaining participation accounting procedures and documentation.
• Communicates procedures to end-users.
• Documents all customer issues utilizing an issue tracking system.

Benefits

• Incentive Program: Company-wide, goals-based rewards.
• Accrued Time Off: Earn 13 days of annual leave and 15 days of sick leave per year.
• 10-12 paid holidays annually.
• 401(k) with up to 9% employer contribution/match.
• Affordable medical, dental, and vision plans.
• 8 weeks of paid parental leave.
• Employer-paid Life & Disability Insurance.
• Tuition reimbursement.
• Up to $400 for wellness expenses.

What This Job Offers

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