Sr. (Loan) Accountant
Company: Georgia's Own Credit Union
Posted on: September 24, 2022
Sr. (Loan) Accountant
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.
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
Responsible for loan participation accounting and analysis, as
Reconciles balance sheet accounts to third party supporting
documentation. Investigates and explains differences as outages
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
Accurately prepare and key operational, monthly, and corrective
journal entries. Scan entry and obtain approval according to
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
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
5-7 years related work experience (loan accounting, financial
reporting, bank reconcilement), preferably within a financial
Equivalent work experience in lieu of a degree will be
Experience with high-volume loan payment processing and reporting
Experience with Fiserv Prologue or other related GL banking systems
OTHER JOB QUALIFICATIONS
Knowledge of financial institution finance and/or operational
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
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
Keywords: Georgia's Own Credit Union, Atlanta , Sr. (Loan) Accountant, Accounting, Auditing , Atlanta, Georgia
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