Corporate Loan Accountant

Why should you join our team?

American AgCredit offers a unique opportunity to be a part of a national financial system supporting those who feed, clothe and fuel the world. We are a growing organization embracing collaboration and innovation while delivering transformative solutions. American AgCredit provides a cultivating environment where you truly make a difference for our customers and teams.

Benefits offered by American AgCredit:

• Commitment to agriculture and the communities we serve
• Family friendly work environment
• Investment in employee development
• Medical, Dental and Vision coverage
• Outstanding 401k – automatic 3% employer contribution, plus match up to 6%
• Generous Paid Time Off (Vacation accrued at 21 days annually, Sick Days accrued at 15 days annually, 12 paid holidays, plus 16 hours of volunteer time)
• Competitive Incentive Compensation Plan
• Disability & Life Insurance
• Employee mental, physical, and financial wellness programs
• The position is bonus eligible based on association and personal performance

Position will be posted until filled.

BASIC FUNCTION:

The Corporate Loan Accountant performs a variety of intermediate and advanced specialized loan accounting functions that include recording new loans, complex modifications and conversions, and maintenance transactions to existing loans. Tasks also include the processing of monetary transactions related to loan payments, advances and fee processing. The incumbent has knowledge of generally accepted accounting principles that can be applied to assigned tasks and the ability to examine information or a situation in detail in order to identify issues and solve them. He/she works independently and provides accurate and timely responses to inquiries from both customers and Association credit staff, demonstrating outstanding customer service.

ESSENTIAL DUTIES:

• Records new loans, renewal loans and a variety of other complex loan modifications and maintenance transactions to the loan accounting system after reviewing the loan origination system, loan documents and boarding sheets for terms, conditions and controls.
• Completes peer review of new loan set ups, loan renewals and modifications, comparing source documents to the loan accounting system to ensure accuracy of information.
• Records deferred loan fees and associated costs as required under FASB91 and processes a variety of other loan-related fees. 
• Reconciles customer receivable and payable accounts including general ledger holding accounts and monitors account balances and activity to ensure timely disposition.
• Records payments, disbursements and adjusting entries in the loan accounting system verifying the accuracy of each posting.  Prepares adjusting and/or correcting entries when required. Monitors, researches and resolves past due accounts.
• May assist in training other loan accounting team members in accounting activities and procedures.
• May perform non-routine transactions such as non-accrual accounting,  loan restructures and forbearance agreements.
• Serves as a liaison between customers, participating Farm Credits and Commercial Banks.
• Performs other duties as assigned.

LEVELS OF SUPERVISION EXERCISED AND RECEIVED:

Works independently under the general supervision of the Loan Accounting Manager. Exercises no supervision of others.  Makes independent decisions according to generally acceptable accounting principles.

TYPICAL EDUCATION AND EXPERIENCE:

• Bachelor’s Degree in Business or Accounting or  equivalent amount of general accounting experience or Loan Accounting experience may be substituted for this academic background.
• At least 3 years general accounting experience or equivalent; Loan accounting experience preferred. 
• Proficient in organizing and prioritizing work to meet deadlines.
• Exceptional interpersonal skills including the ability to communicate effectively both verbally and in writing.
• Proficient in the use of automated accounting software applications, Microsoft Excel, Microsoft Word and email.

ESSENTIAL JOB REQUIREMENTS:

Must have the ability to perform basic office tasks and work in a typical office setting. Employee will be sitting for extended periods of time and accomplishing work at a desk and work at a computer for an extended period of time. Must have strong written and verbal communication skills to adequately convey ideas and work well with a team. Ability to talk and hear, sit and use their hands and fingers, and reach in all directions is essential in performance of the job. Some lifting and moving of items up to 25 pounds required. Work during established business hours and may require occasional weekend and/or evening work.

*Will consider all all levels in Loan Accounting role based on candidate experience and qualifications

FULL-TIME REMOTE: These roles and job functions can be done remotely, while maintaining our strong commitment to customer service and our business goals. Employees are welcome to come to an office to work if needed, and some travel for team meetings will be required.

PAY RANGE:

Minimum $56,899.83 - Max $85,349.74 Annual

This range is reflective of the national salary average for this position and will be adjusted using geographic variance for physical location of the hired candidate. American AgCredit may compensate outside of the salary range for bona fide reasons not related to membership in a protected class.

#LI-REMOTE

All hiring is contingent on eligibility to work in the United States. We are unable to sponsor or transfer visas for applicants.

American AgCredit provides equal opportunity in employment to all employees and applicants. We celebrate diversity and do not discriminate on the basis of race, color, creed, religion, national origin, ancestry, alienage or citizenship status, age, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, medical condition, physical or mental disability, pregnancy, childbirth or related medical condition, military service or veteran status, victims of domestic violence, or any other characteristics protected by applicable federal, state, or local laws. American AgCredit prohibits harassment of any individuals on any of the bases listed above.

If you need assistance or an accommodation due to a disability, you may contact us at jobs@agloan.com.

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