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Compeer Financial · 1 month ago

Loan Accountant

Prairie du Sac, WI

Full-time

Hybrid

Mid Level

$51K/yr - $72K/yr

3+ years exp

Compeer Financial is a member-owned cooperative that provides financial services to support agriculture and rural communities. The Loan Accountant role involves providing accounting services for assigned business units, ensuring accuracy in financial records, and serving as a technical resource for team members regarding accounting processes.

FinanceFinancial ServicesRentalRisk Management

Work & Life Balance

No H1B

U.S. Citizen Only

Responsibilities

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

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

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

Qualification

Accounting principlesFinancial managementAnalytical skillsFinancial reporting toolsAccounting softwareClient service skillsMS Office proficiencyInterpersonal communicationAttention to detailTime managementTeam collaboration