Loan Accountant

Loan Accountant

AgWest Farm Credit is a member-owned financial cooperative that provides financing and related services to farmers, ranchers, agribusinesses, commercial fishermen, timber producers, rural homeowners and crop insurance customers in a seven-state territory in the Western United States. AgWest is part of the 100+ year-old Farm Credit System the leading provider of credit to American agriculture.

AgWest champions the growth and advancement of agriculture, the value of rural communities, and the vital contribution our customers make to the economy and society. We serve customers in 59 locations throughout the West.

We are in search of a Loan Accountant to join our Loan Accounting department in Spokane, Washington (Headquarters). This full-time position reports to the VP, Loan Accounting and works as part of a team to provide all accounting functions for loans and leases through all phases of origination, servicing, monetary, tax reporting and collection.

After an initial in-office training period, this position is eligible for workplace flexibility and a one-time home office stipend. Employees are expected to continue working from their office location a minimum of 50% or 60% of the time depending on location.

Compensation Information

The base salary range for this position in Spokane, Washington is :

Level I : Typical starting range : $52,300 - $70,100 Full base salary range : $52,300 - $79,000 Annual performance-based incentive target is 8% of base.

Level II : Typical starting range : $58,500 - $78,300 Full base salary range : $58,500 - $88,200 Annual performance-based incentive target is 8% of base.

Job Requirements

• Communicate internally with stakeholders responsible for direct customer interactions, legal documents, and compliance. Also communicate with external stakeholders including commercial banks and Farm Credit entities nationwide.
• Provide operational expertise and consultation on how to structure loans within the accounting system to all business units and branch personnel on complex loans and related financial products.
• Review loan documents and credit agreements for accuracy and consistency to the loan accounting and general ledger systems.
• Reconcile daily loan to general ledger outages and clearing accounts; conduct full spectrum reconciliation including reviewing, researching, analyzing accounts, documenting findings and processing the appropriate accounting entries utilizing multiple computer software programs.
• Perform daily and monthly report monitoring and make independent decisions to ensure loan terms and key data elements are accurate in accordance with guidelines under accounting standards, regulations, and organizational policies and procedures.
• Prepare detailed and organized work papers to support daily work and reconcilements.
• Train others and ensure teammates are aware of and performing updated processes and procedures; effectively update procedures, policies, and internal control documentation.
• Demonstrate a working understanding of loan accounting, financial accounting, and related systems.
• Participate in various projects as assigned, both within the department and in collaboration with other functional areas.
• All work is in alignment with Internal Controls, accounting standards, regulations and organizational policies.
• Perform all duties and maintain all standards in accordance with company policies, procedures, and internal controls.
• Other duties as assigned.

Minimum Requirements

Benefits Offered by AgWest