Senior Loan Accountant
Position Overview
As a key member of the Accounting and Planning team, you will be part of AgriBank's mission to support the people who feed the world. This Senior Loan Accountant position provides support to AgriBank, SunStream, Foundations and Association accounting staff regarding wholesale and retail loan accounting. Support includes monitoring and reconciling general ledger accounts, creating journal entries, resolving issues and other general accounting duties.
Accounting & Planning Preparation
Retail & Wholesale Loan Processing :
- Creates and maintains client, commitment and loan record details in loan accounting system
- Monitors retail and wholesale loan portfolios for accurate rates, balances and transactional activity
- Processes and reconciles daily cash settlements for clients who are off system
- Calculates MCD rate for wholesale loans and updates system as appropriate, adjusts as need to ensure interest expense calculation is accurate
- Monitors internal and external loan accounting communication channels for actionable items and responds accordingly
Accounting Support :
Ensures wholesale and retail loan activity is posted within guidelines and researches transactions as neededAssists team members with various loan accounting questions and researchAccount Reconciliation :
Monitors and reconciles assigned accounts on daily, weekly and / or monthly basisIdentifies, researches, and resolves reconciling items, escalating items to achieve resolutionPrepares and submits journal entries to correct items discovered in reconciling dutiesResolves issues with Bank and clients, follows up on outstanding issues to ensure timely and accurate resolutionAccounting Entries :
Processes loan system and general journal entries related to AgriBank's loan portfolioPrepares and calculates entries for significant and / or complex accounting processesAccounting & Planning Coordination
Performs and participates in training for team members and processes, as neededPrepares or maintains daily / weekly / monthly tasks and proposes timelines required to meet deliverablesReviews and prepares or coordinates fulfillment of requests from Bank departments, auditors and other third partiesProject and Process Improvements
Participates in Bank and District-wide project teamsExecutes test plansReviews, recommends or leads process improvements, acting as SME when appropriateImplements improvements and documents new or revised proceduresCommunicate process changes to stakeholdersRelationship Management
Responds to client requests via District Self Service tool, email or phoneResolves client questions, concerns and communicates resolution in a timely mannerCollaborates closely with Credit team and association personnel regarding loan portfolios and asset poolsAssists clients in resolutions of accounting issues by completing research and recommending solutionsThis job description is subject to change without notice.Education and Experience
Bachelor's degree in accounting, finance or a related field2 years of public accounting experience or 5 years of related experienceCPA preferredOr an equivalent combination of education and experience sufficient to perform the essential functions of the jobKnowledge
Advanced knowledge of accounting including general ledger entriesAdvanced knowledge of loan accounting, cash operations, general ledger practicesAdvanced knowledge of internal controlsIntermediate knowledge accounts payable, accounts receivable, fixed assetsIntermediate knowledge of GAAPIntermediate knowledge of financial reporting standards and processesBasic knowledge of FCA reporting regulations and requirementsSkills
Advanced proficiency in office software Microsoft Office SuiteAdvanced proficiency in general ledger, loan accounting and wire systemsAdvanced proficiency in reconciliation systemsIntermediate proficiency in enterprise performance management (e.g. EPM)Physical Requirements
Prolonged periods sitting at a desk and working on a computerMust be able to lift up to 15 pounds at timesThe AgriBank Advantage
You are the key differentiator in the marketplace and ultimately the most important factor in helping us fulfill our mission to support those who feed the world. We are committed to providing you with a competitive compensation and benefits package - your total rewards for making significant contributions to our business and making a difference on behalf of those we serve.
The typical base range for this role is between $68,000 - $104,000. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. The position is eligible for a discretionary annual incentive program driven by organization and individual performance.
Benefits
AgriBank benefits provide safety, security, and peace of mind for you and your family. Through comprehensive Total Rewards, access to financial tools and support, and personal services, our benefits demonstrate that employees' health and financial well-being are of primary importance. Wherever you are on life's continuum or what life transition you experience, our benefits support your health care needs and guide you along the path to retirement.
Collaboration and Staying Connected
Beautiful office overlooking many of St. Paul's landmarks, with exceptional space to collaborate with your colleagues and friendsMonthly employee activities to keep groups connected and have fun!Annual Employee Appreciation activitiesMultiple recognition programs to celebrate each other's successWork and Life
Paid time offCompany holidaysFloating holidaysSick timeRight Work / Right Place hybrid work programDress for Your Day flexible wardrobe policyGenerous company match on employee donationsGrowth and Development
Employee and leader career development toolkitsTuition reimbursementInternal and external resources and opportunities to grow personally and professionallyHealth, Wellness and Investment / Retirement
Health care plan alternatives to fit your lifestyle, including :Health Savings Account (HSA) and Flexible Spending Account (FSA)DentalVisionWellness reimbursementInvestment and retirement planningSaving today for tomorrow is one of the smartest moves you can make. That's why AgriBank offers you a generous, competitive and flexible 401(k) plan for your financial well-being :Fixed Employer Contribution = 3 percentPLUS, Employer Matching Contribution = $1 for $1 match (vested fully after 4 years) on the first 6 percent of eligible compensation you saveLife and disability insurance plans for eligible team members and their familiesFree exercise facility onsite for all employeesParking and transportation discountsGenerous employee referral incentiveJoin the dedicated professionals at AgriBank and put your skills to work ensuring farmers and rural communities have the innovative financial solutions they need to feed our neighbors and the world.
AgriBank will not sponsor a work visa (e.g., H1B, etc.) to fill this position.
Applicants requiring a reasonable accommodation for any part of the application process may contact us through the following methods : Phone : 651-282-8787 or Mail : AgriBank, Attn : Talent Recruiting, 30 E 7th Street, Suite 1600, St. Paul, MN 55101.
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
AgriBank FCB is an Equal Opportunity Employer (M / W / D / V) dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, gender, age, religion, national origin, handicapped status, veteran status, public assistance status or other condition or status prohibited by law.
Salary : $68,000 - $104,000
