Loan Accountant

This position offers a hybrid work option up to 50% remote and is based out of the Mankato, MN; Lakeville, MN; Bloomington, IL or Prairie du Sac, WI.

The contributions you will make:

This position serves Compeer Financials' internal and external clients by providing accounting services for assigned business units, that include loans, by analyzing requests and creating accounting system entries using appropriate procedures and accounting principles. Ensures a high degree of accuracy and exceptional service. Serves as a knowledge and technical resource to other team members with regard to accounting processes for assigned business units

A typical day:

Loan Accounting

• Optimizes the accuracy and efficiency of financial records by analyzing and validating entries across basic to moderately complex transactions, ensuring adherence to accounting principles.
• Establishes new loan setups and assist with client billing processes to maintain seamless financial operations and enhance client satisfaction.
• Resolves accounting discrepancies related to loans and bonds, including variance analysis, interest accruals, and account reconciliations.
• Assists with the setup, monitoring, and maintenance of specialized financial programs to meet evolving business needs.
• Ensures timely and accurate reconciliation and processing of third-party payment remittances.
• Calculates, monitors, and maintains various accounting fees to optimize financial resource allocation.
• Maintains daily general ledger entries to support accurate financial reporting and decision-making.
• Completes servicing maintenance requests, including modifications and extensions, to support loan and bond lifecycle management.
• Delivers comprehensive support across teams by addressing inquiries related to pricing, loan documents, and other financial matters, ensuring seamless communication and problem-solving.
• Communicates with external financial institutions to provide timely and accurate information regarding participated loans.
• Completes tax reporting processes for forms 1098/1099-INT/1099C/1099A to ensure compliance and accurate financial disclosures.
• Collaborates with financial officers and credit teams to establish complex loan terms that integrate within accounting systems.
• Performs fund transfers, including wires and ACHs, and resolves related exceptions to ensure smooth money movement.
• Partners with AgriBank/SunStream and third-party banks to process hedge and foreign funding requests.
• Administers ACH and wire template setup and maintenance to streamline transaction processes and enhance operational efficiency.
• Manages returned checks and ACH transactions, assess related fees, and communicate outcomes with financial officers or branches to maintain financial accuracy.

Team and Department Support

• Serves as a technical and knowledge resource for team members and vendors regarding accounting functions such as loans and GL clearing transactions. Collaborates closely with team members to promptly and accurately resolve issues, minimizing potential client concerns and ensuring compliance with organizational policies.
• Supports external financial companies in understanding accounting procedures for investments and participated loans, providing preand post-closing guidance. Communicates with AgriBank/SunStream to address transaction requests and payment exceptions.
• Participates in fraud detection and resolution efforts to safeguard financial integrity.
• Conducts AP check printing and EFT releases, ensuring timely and accurate payment processing.
• Generates and uploads Journal Vouchers (JVs) as per departmental requirements, collaborating with team leaders to ensure timely and accurate transactions.
• Verifies transaction entries to ensure accuracy in the accounting system database. Creates documents and forms for Loan Accountings internal use.
• Authors department information on the Compeer Financial Intranet site as needed.
• Researches and recommends process improvement and efficiencies within the department and Compeer Financial.
• Documents department policies, procedures and processes.

Report and Monitoring

• Monitors assigned loan and credit line exceptions, as well as unposted items. Utilize reports to identify, interpret, and correct errors.
• Ensures the accurate application of payments and advances on loans, and verifies rates are correctly applied.
• Analyzes reports to identify trends and provide insights.
• Develops and manages spreadsheets for data input, accruals, and calculations. Process corresponding macros as needed.

The skills and experience we prefer you have:

• Bachelor's degree in accounting, finance or related field; or equivalent.
• Minimum of 3 years related work experience required, preferably in the financial services industry.
• Knowledge of accounting principles and financial management practices
• Familiarity with financial reporting tools and error identification techniques.
• Strong analytical and problem-solving skills
• Strong, proven interpersonal communication, client service and team skills.
• A high degree of accuracy and attention to detail
• Ability to meet deadlines and manage multiple tasks simultaneously.
• Intermediate computer skills including MS Office applications (Word, Excel, Access, Outlook, etc.) and other related accounting software applications.
• Ability to work independently and collaboratively with other teams to achieve goals and represent
  the business.
• Valid driver's license

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How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.