Loan Accountant
Loan Accountant
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Job Description
Job Details
Description
Life at Amplify
As a growing techfocused credit union Amplify Credit Union delivers value to our members through our products and impact to our community through our profits. That unique intersection is one reasonweve been named a Top Workplaceby theAustin AmericanStatesmansix years in a row.Were also proud to say that were the only fullservice financial institution thatdoesnt have deposit fees of any kind. Were looking for teammates who are inspired byour missionand ready togrow their careers. As they do our employees can expect Amplify to uphold our commitments toculture community inclusion and more.
Position Summary
The Loan Accountant performs duties pertaining to loan activity and investor transactions accounting entries reconciliations and related tasks.This role generally focuses on responsibilities regarding reconciliations of GLs used by the accounting and lending departments and for the investor relationships entered into by Amplify. This position monitors and analyzes loan operation financial activity and works across departments as necessary to understand reconcile communicate and account for related transactions.
RESPONSIBILITIES include the following. Other duties may be assigned.
Prepares daily weekly and monthly reconciliations of loan related general ledger accounts to ensure transactions are processed and recorded correctly by the lending teams
Analyzes and prepares monthly bank reconciliations of various Clearing and Investor Custodial bank accounts
Works closely with the lending teams to resolve any outstanding reconciling items on general ledger and bank reconciliations
Reconciles and posts journal entries for Investor loan sales and purchases
Prepares and posts monthend journal entries and updates monthly reports within the monthly close schedule timeline
Analyzes and researches any loan balance differences between our core system (Fiserv DNA) and the General Ledger
Assists with gathering and providing requested documentation for internal and external auditors
Crosstrains in other areas of the accounting department to assist with other daily reconciliations entries and tasks
Prepares and updates SOP (Standard Operating Procedures) documentation
Participates in department projects as assigned
Upholds credit union policies and procedures and champions organizational culture both internally and externally
Supervisory Responsibilities
This job has no supervisory responsibilities.
Qualifications
To perform this job successfully an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
Associates degree in businessrelated field or a minimum of 2 years of business experience or equivalent combination of education and experience. Requires some previous accounting/financial experience. Preference given to candidates with working knowledge of and practical experience with credit union or other financial institution operating areas functions products and services.
Certificates Licenses Registrations
Must be bondable.
Software and Equipment Requirements
To perform this job successfully an individual should have knowledge of Fiserv DNA or other loan servicing software. This role also requires working knowledge of Microsoft Office with an emphasis on Excel that includes vlookup pivot tables etc.
Must have reliable internet access of 50MBPS which is the minimum speed required to connect to several of our systems and platforms.
Other Qualifications
Must have a strong understanding of GAAP accounting and financial statements be able to perform tasks in accordance with Credit Union standard operating procedures and possess a working knowledge of certain Financial Accounting Standards Board pronouncements (FASB) Office of Foreign Assets Control (OFAC) Bank Secrecy Act (BSA) relevant government regulations and NCUA accounting procedures. Must work independently and effectively manage multiple projects simultaneously in a deadlinedriven environment. Must possess excellent communication skills to proactively raise concerns and issues with the Accounting Manager.
What We Offer
To build a better bank you must build a better team. Thats why were committed to offering the best benefits to our team members. We want your time at Amplify to be a jumpingoff point for personal and professional success and this means offering benefits including paid volunteer hours and development programs that will engage your role in our community.
Customized volunteer opportunities with our signature partners (Saint Louise House).
Additional paid time off for volunteerrelated activities.
Undergraduate and graduate tuition benefits for eligible fulltime and parttime team members.
Location
This position is eligible to work fully remote from the following states: Alabama Arizona Arkansas Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska New Hampshire New Mexico North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania South Carolina Tennessee Texas Vermont Virginia West Virginia Wisconsin.
Starting Pay& Benefits
This position offers an hourly rate of $22.84$34.26 depending on experience. It also entails the benefits available to all Amplify employees.
Team Member Testimonials
Read about some of your potential coworkers andwhy they enjoy working at check us out onComparably.
Amplify is an Equal Employment Opportunity Employer seeking people from all backgrounds life experiences and world views. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
Employment Type
Full-Time
