Participation Accounting Specialist

EDUCATION AND EXPERIENCE

• Bachelor’s degree in accounting, business, finance or related field or equivalent experience.
• One (1) to three (3) years of accounting or related business experience.
• Prefer experience in the operation, maintenance, and end-user support of loan accounting, cash management, general ledger, and/or other loan accounting systems.
• Knowledge of participation accounting preferred.

JOB SUMMARY

• Performs participation accounting functions and customer support for the association users and customers related to participation accounting of the Loan IQ (loan accounting) system, including access modules.

• This includes responding to phone calls and e-mails promptly as well as following through to assure all issues are resolved in a timely manner.

• Serves as a backup to the Cash Management division of Treasury Services.

• This position works under moderate supervision in the application of generally accepted accounting principles as it relates to loan accounting activity.

ESSENTIAL FUNCTIONS

• Maintains accounting for Capital Market loans as required to include setting up loans in accordance with the participation agreements; initiating wire or ACH transactions; updating interest rates and other terms; recording transactions; monitoring loans on a monthly basis to determine that loans are within parameters of participation agreements including rates, commitments and fees.
• Corresponds with participation loan accounting departments within other institutions via email and phone to ensure good communication and cohesive reporting.
• Files documentation related to participation accounts in Treasury Services EFC.
• Conducts ACH entries and approvals.
• Works with AB Administrative group, Sales Desk and RM on all loans in the participation portfolio.
• Reconciles accounts related to participation accounting.
• Provides fast, accurate support regarding participation accounting and/or related systems and processes. Provides guidance to end-users to assist them in participation accounting functions, as necessary.
• Assists with the development of new and improved processes to enhance participation accounting efficiencies. Assists in maintaining participation accounting procedures and documentation. Communicates procedures to end-users.
• Documents all customer issues utilizing an issue tracking system.

REQUIRED SKILLS

• Position requires the ability to organize and handle multiple tasks at once and learn new applications and use of equipment quickly.
• Ten key-calculator by touch and computer literacy required, including word processing, database and spreadsheet applications.
• Ability to accomplish accurate, detailed tasks in short time frames.
• Must be self-motivated and have the ability to work independently to complete assigned projects.
• Demonstrated problem solving and organizational skills are essential.
• Position requires good written and oral communication skills.

DISCLAIMER

We are an Equal Employment/Affirmative Action employer. We do not discriminate in hiring on the basis of sex, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state, or local law. If you need a reasonable accommodation for any part of the employment process, please contact us by email at careers@capitalfarmcredit.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this e-mail address. For more information, view the EEO - Know Your Rights and Pay Transparency Statement.