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Sr. (Loan) Accountant

Company: Georgia's Own Credit Union
Location: Atlanta
Posted on: September 24, 2022

Job Description:

Sr. (Loan) Accountant



SUMMARY

The Senior Accountant with specialization in accounting for loan purchases and sales, including participations, is primarily responsible for implementing and maintaining processes to ensure accurate loan accounting and key relationships are upheld. This individual is regarded as a subject matter expert in Loan Accounting for a wide variety of purchased and/or sold loan products that are of high-volume and typically serviced by 3rd party servicers. The successful candidate will be expected to leverage their experience and knowledge to implement new processes, write procedures, analyze data, resolve issues/outages, along with making recommendations for process improvements.



RESPONSIBILITIES

Properly account for monthly settlements from 3rd party loan servicers which includes retrieving & analyzing servicer remittance reports for accuracy, preparing monthly journal entries, and completion of other miscellaneous reporting.
Accurately implement the integration of new 3rd party relationships and new loan sales/purchases at the direction of the Accounting Management. Assist with developing processes to be implemented into daily/monthly operations. Create job procedures for new processes implemented.
Responsible for loan participation accounting and analysis, as assigned.
Reconciles balance sheet accounts to third party supporting documentation. Investigates and explains differences as outages occur.
Act as the key contact to 3rd party servicers and contractually affiliated organizations via loan pool purchases and sales.
Assist with back-up reporting for the NCUA Call Report as it relates to loan participations, loan pool purchases and sales (accurate completion of select sections as assigned my Accounting Management).
Accurately prepare and key operational, monthly, and corrective journal entries. Scan entry and obtain approval according to established procedures.
Accurately prepare assigned balance sheet reconciliations by established weekly/monthly deadlines.
Gather data, analyze, and accurately prepare assigned monthly reports by established deadline.
Assist with organizational and departmental projects/initiatives as requested by management.
Maintain current procedures for all role functions. Ensure a minimum of one other Accounting team member is cross-trained in all role functions.
Maintain a thorough knowledge of policies and procedures and trends in the credit union industry.



PROFESSIONAL AND EXPERIENCE QUALIFICATIONS

Bachelor of Science in Accounting, Finance or related field preferred.
5-7 years related work experience (loan accounting, financial reporting, bank reconcilement), preferably within a financial institution.
Equivalent work experience in lieu of a degree will be considered.
Experience with high-volume loan payment processing and reporting is preferred.
Experience with Fiserv Prologue or other related GL banking systems preferred.



OTHER JOB QUALIFICATIONS

Knowledge of financial institution finance and/or operational areas.
Proficient in MS Office and able to quickly learn various operational and finance related systems; must have strong/advanced Microsoft Excel skills.
Must be detail oriented with ability to understand, analyze, and complete reporting requirements.
Self-motivation and strong work ethic combine with the ability to work independently and as part of a team.
Strong organizational skills with the ability to multi-task and proven ability to meet deadlines.
Ability to communicate effectively verbally and in writing.
Strong analytical, problem solving, critical thinking, and decision-making skills.



PHYSICAL REQUIREMENTS: To perform this job successfully, the employee must be able to perform each essential job duty satisfactorily. All employees must be able to communicate face to face or through technology with or without reasonable accommodation. Employee will be in an office environment (well-lighted, heated and air-conditioned) typically stationed at a desk or table. Employee will be asked to sit and stand for various increments of time, and to lift/push up 25 lbs. Clerical office duties on various forms of technology are required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.



All positions that have lending responsibilities must comply with all requirements under the SAFE ACT, as well as the union's policies and procedures related to the SAFE ACT. This includes an obligation on the employee's part to ensure that NMLA registration pertaining to the SAFE ACT is kept current. The employee must notify the credit union within 30 days of any changes that need to be reflected on the NMLS Registry.



Georgia's Own Credit Union is an equal opportunity employer and will not discriminate against any employee or applicant on the basis of age, color, disability, gender, national origin, race, religion, sexual orientation, veteran status, or any classification protected by federal, state, or local law. Consistent with obligations under federal law, every company that is a federal contractor or subcontractor is committed to taking affirmative action to employ and advance women, minorities, disabled veterans, special disabled veterans, veterans of the Vietnam era, and other eligible veterans.

Keywords: Georgia's Own Credit Union, Atlanta , Sr. (Loan) Accountant, Accounting, Auditing , Atlanta, Georgia

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