VP, Loan Accounting & Administration

Newtek One

2d•$150,000 - $170,000

About The Position

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk. Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions. Small Business Lending is looking for a VP, Loan Accounting & Administration to join the team! The Vice President, Loan Accounting & Administration evaluates the accuracy of loan system data, verifies financial reporting integrity, and assesses the effectiveness of internal controls related to loan booking, servicing, and reporting.

Requirements

Strong knowledge of loan accounting principles and loan life cycle processes.
Understanding of internal controls and risk management frameworks.
Excellent analytical and problem-solving skills.
High attention to detail and accuracy.
Strong written and verbal communication skills.
Proficiency with loan accounting systems, core banking platforms, Excel, and audit tools.
Bachelor's degree in Accounting, Finance, Business Administration, or related field.
Experience in lending, loan operations, loan accounting, audit, or financial institution operations (2–5+ years depending on seniority).
Familiarity with GAAP, regulatory reporting, and financial institution regulations.

Responsibilities

Serve as the designated control owner for key loan accounting controls, ensuring they are properly documented, executed, and effective.
Perform and monitor control activities including reconciliations, exception report reviews, data validation, and financial reporting checks.
Identify control deficiencies, risk exposures, or process breakdowns and lead remediation efforts.
Maintain control documentation to meet internal control, SOX (if applicable), and regulatory requirements.
Collaborate with Risk, Compliance, and Internal Audit teams to support control testing and evaluation (but not to perform audit functions).
Ensure accuracy and completeness of loan-related data within the loan accounting system and its reconciliation to the general ledger.
Validate interest, fee, and principal accounting for accuracy and policy compliance.
Assist in preparing or reviewing key loan accounting schedules and journal entries.
Review reports, investigate discrepancies, and ensure timely resolution.
Monitor daily operational workflows to ensure processes adhere to established controls and procedures.
Recommend and support process improvements to enhance accuracy, efficiency, and control strength.
Participate in system enhancements, upgrades, or integrations, focusing on control design and data accuracy.
Work with Loan Operations, Accounting/Finance, Credit Administration, Compliance, and Technology teams to ensure consistent application of controls across the loan lifecycle.
Support audit and regulatory exams by providing control evidence, documentation, and explanations.