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Loan Accounting Administrator

Company: Farm Credit Illinois
Location: Mahomet
Posted on: January 16, 2022

Job Description:

*Description/Job Summary* The Loan Accounting Administrator maintains closed loans, processes loan accounting transactions, ensures the accuracy of member loan accounts and delivers training on the loan accounting system to office staff. *Responsibilities/Duties* *Loan Accounting Transactions* * Receives loan accounting requests from regional offices * Completes fund transfers, loan extensions, loan pricing, and loan maturity transactions in accordance with the request * Reviews transactions completed by other loan accounting team members for accuracy *Regional Office Support* * Responds to questions regarding loan accounting operations and procedures for proprietary loan accounting software * Makes accounting corrections as necessary and appropriate * Provides training regarding the loan accounting system and procedures *Account Reconciliation* * Reconciles assigned general ledger accounts, identifying the source of any imbalance * Reviews and corrects over-disbursements, unposted loan transactions and out of balance accounts *Loan Closing* * Verifies the proper execution of the note * Verifies that the information on the face of the note is properly recorded in the loan accounting system * Maintains the loan primarily through pricing adjustments based on any included addendums *Daily Reports* * Monitors daily reports to determine the accuracy of transactions originated by regional office staff and external sources * Identifies and keys corrections as needed *Electronic Loan Disbursements* * Reviews and clarifies disbursement request * Verifies funds are available for disbursement * Executes accounting entries to process the transaction * Reviews transactions completed by other loan accounting team members *Check Receipt* * May determine appropriate account to credit money to * May ensure appropriate transaction codes are used to move the money * May scan checks to ensure they are deposited in a timely manner *Required Skills* * Working knowledge of the Microsoft Office suite sufficient to create, update and save a variety of documents * General knowledge of Generally Accepted Accounting Principles (GAAP) * General knowledge of accounting principles, practices and methods * Skill in learning and consistently applying proprietary loan accounting processes * Skill in applying processes and procedures to factual data to make a logical decision * Skill in processing detailed forms and documents in an accurate and thorough manner * Skill in quickly and accurately keying data * Skill in gathering, compiling and organizing information * Skill in working as part of a team and collaborating with colleagues * Oral and written communication skills, sufficient to exchange information effectively with peers, supervisor and customers *Required Qualifications* Bachelor's degree in business, accounting, agriculture, or related field and 3 years of experience; Or an equivalent combination of education and experience sufficient to perform the essential functions of the job.

Keywords: Farm Credit Illinois, Champaign , Loan Accounting Administrator, Accounting, Auditing , Mahomet, Illinois

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