Loan Accounting Specialist

2 days ago


Garden City, Michigan, United States Winston Client - Regional Bank Full time
Job SummaryWinston Client - Regional Bank is seeking a highly skilled Loan Accounting Officer to join their team in Nassau. The successful candidate will be responsible for overseeing and ensuring the completion of various phases of the Bank's Loan Accounting and Allowance for Credit Losses (ACL) model and related documentation and reporting requirements.Key Responsibilities
  • Calculating and documenting the quarterly ACL in conjunction with the Credit Risk Department.
  • Monitoring of the lending software in accordance with the ACL policy.
  • Input and output validations of ACL model data.
  • Prepare reconciliation of Sageworks model data to the general ledger.
  • Work with lending software and/or internal resources to update loan data feeds into the model and process data changes to the model.
  • Charge-off and recovery reconciliation and reporting.
  • Shadow accounting reconciliation.
  • Prepare loan and ACL footnotes/tables for Forms 10-K and 10-Q.
  • Prepare loan and ACL-related schedules for the CALL Report.
  • MSR accounting for SBA and Residential loans.
  • Monthly review of prepayment penalties and miscellaneous loan income.
  • Accounting for the sale of SBA loans.
  • Accounting for flow and pool loan sales.
  • Research loan non-posted transactions.
  • Non-Performing and Past Due Loan Reporting and Reconciliation.
  • Reconciliation of the loan trial balance, reconciliation of sub-servicer, and various loan G/L Accounts.
  • Reconciliation of forbearance interest.
  • Yield/income and expense variance analysis.
  • Participate in ACC meetings.
  • Assist internal and external auditors with loan and ACL-related audit inquiries as well as outside Consultants involved in loan and ACL activities.
  • Write and update loan accounting and ACL policies and procedures.
  • Other duties as assigned by the Chief Accounting Officer or Controller.
Requirements
  • Bachelor's Degree is preferred
  • Minimum of 3-5 years related work experience.
  • Advanced PC, Network, Excel, Microsoft Word, and data management skills are required.
  • Strong knowledge of GAAP, SEC, and regulatory reporting requirements as they relate to loans and the allowance for credit losses.
  • Must have experience with Current Expected Credit Losses (CECL)
  • Ability to work independently, self-starter.
  • Good oral and written communication skills are required to interact with Management, employees, auditors, and vendors.
  • Strong attention to detail and commitment to accuracy, integrity, and ethical behavior at all times.
Compensation

Salary: $118,000 - $123,000 plus bonus

Excellent benefits package including:

  • medical, dental
  • HSA, FSA, vision,
  • 401K with company match
  • Life Insurance, & vacation benefits.
  • Hybrid work schedule available


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