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Career Opportunity: Loan Accountant

Job Title
Loan Accountant
Organization
CoBank
Location
Denver, Colorado
Department
Operations
Experience Level
Entry Level (1-4 years)
Supervisor's Title
Category
Financial Services
Salary Range
DOE, depending on experience
Posted Date
Thursday, December 14, 2017
Closing Date
Open until filled
Job Description

CoBank Loan Accountants are responsible for the servicing and administration of a portfolio of complex syndicated, bilateral, and wholesale loans where CoBank may be the Administrative Agent, a syndicate lender, or a direct lender. The Loan Accountant is the liaison and operational point of contact for borrowers, syndicate lenders, Farm Credit System partners, and internal CoBank departments. Loan Accountants maintain the soundness of our control environment by using critical thinking and problem-solving skills to analyze and resolve issues, answer questions, and proactively identify loan administration challenges and risks. The Loan Accountant works collaboratively with teammates and stakeholders to facilitate continuous process improvement by leveraging principles of Operational Excellence.

Essential Duties and Responsibilities

  • Perform all loan servicing and administration activities in expected time frames and  according to documented policies and procedures, including:
    • Process payment application, funds disbursement, and rate setting transactions in ACBS and notify syndicate members and sold participations of transactions
    • Book new borrowers, credit facilities, loans, letters of credit and fees in loan administration systems
    • Complete ongoing customer, credit facility, and loan level maintenance
  • Read and interpret credit agreements as they relate to loan servicing and administration
  • Review, document, and resolve items appearing on reconciliations and control reports timely and accurately
  • Support or lead non-processing tasks, initiatives, and projects
  • Cross train on other department functions to ensure coverage during absences and periods of peak volume
  • Serve as “Mission Critical Personnel” for business continuity and reduced staffing scenarios

Qualifications

  • High school diploma and 1+ years relevant experience preferably in banking or financial services industry; or appropriate combination of education and experience (this includes new graduates with bachelor’s degree)
  •  Ability to work overtime

Preferred Qualifications

  • Bachelor's degree in accounting, finance, business administration, or relevant discipline
  • Experience with syndicated loan servicing as agent and investor
  • Knowledge of commercial loan administration practices and ACBS or similar loan servicing system
  • Experience with commercial loan products and loan syndication markets
  • Intermediate knowledge of personal computers and Microsoft Office products
  • Knowledge and understanding of the Farm Credit System
  • Ability to provide a superior customer experience

CoBank will not sponsor a work visa (e.g. H1B, etc.) to fill this position.

CoBank is an Equal Opportunity Employer.