Loan Accountant

Loan Accountant

The Loan Accountant role involves managing and processing wholesale and retail loan transactions, ensuring accuracy in cash settlements, reconciling accounts, and supporting accounting functions. This position offers a long-term consulting opportunity with the possibility of working fully remotely, requiring quarterly travel to the St. Paul office.

Responsibilities

• Process and reconcile daily cash settlements for clients off-loan accounting and GL systems.
• Reconcile clients' cash clearing accounts ADBs and ensure they remain within thresholds.
• Adjust interest expense calculations on wholesale loans to ensure accuracy.
• Create wholesale loan records and input maintenance on commitment details in the loan accounting system.
• Calculate MCD rates for wholesale loans and update systems as appropriate.
• Notify stakeholders of changes to wholesale notes as needed.
• Process wholesale and retail fees.
• Create customer records and commitment details for retail loans, if applicable.
• Set up loans according to requirements from loan officers and request additional information as necessary.
• Create rate locks utilizing FPS and/or provide rate quotes.
• Analyze and process monetary and maintenance transactions in accordance with contract parameters.
• Research discrepancies and determine appropriate resolutions.
• Prepare and analyze a variety of weekly and monthly loan accounting reports.
• Perform asset pool-related accounting functions, including loan setups, workbook modifications, daily entries, maintenance, and reporting.
• Administer reconciliation systems, if applicable, and assist team members with bank balancing systems.
• Monitor and reconcile assigned accounts on a daily, weekly, and/or monthly basis.
• Identify, research, and resolve reconciling items, escalating issues to achieve resolution.
• Contact clients or other departments to gather information and resolve issues.
• Prepare and submit journal entries to correct items discovered in reconciling duties.
• Provide guidance to team members on cash account reconciliation.
• Perform weekly reconciliation of wholesale loan disbursements and compile quarterly outstanding check registers.
• Coordinate requests from departments, auditors, and other third parties, review requested deliverables, and prepare and submit requested information.

Essential Skills

• 4+ years of loan accounting experience, including loan participation, loan setup, loan maintenance, and loan accounting.
• Bachelor's degree in Accounting, Finance, or related fields.
• 4+ years of advanced Excel skills along with experience in large ERPs/reporting tools.

Additional Skills & Qualifications

• 1+ years of Cornerstone ERP experience.
• 3+ years of experience in the Farm Credit industry.
• 1+ years of DNA ERP experience.
• 1+ years of SQL experience.
• 1+ years of OneStream experience.

Work Environment

The position allows for the flexibility to work fully remote, with the requirement to travel quarterly to the St. Paul office, which is fully paid for. The office, located in downtown St. Paul, offers gorgeous building spaces and a nice work environment. This opportunity provides ample room for growth and development in a supportive and flexible work culture.

Job Type & Location

This is a Contract position based out of Saint Paul, Minnesota.

Pay and Benefits

The pay range for this position is $36.00 - $41.00/hr.

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following:

• Medical, dental & vision
• Critical Illness, Accident, and Hospital
• 401(k) Retirement Plan Pre-tax and Roth post-tax contributions available
• Life Insurance (Voluntary Life & AD&D for the employee and dependents)
• Short and long-term disability
• Health Spending Account (HSA)
• Transportation benefits
• Employee Assistance Program
• Time Off/Leave (PTO, Vacation or Sick Leave)

Workplace Type

This is a fully remote position.

Application Deadline

This position is anticipated to close on Oct 24, 2025.